The Senate keeps the AMT and increases the deduction for pass-throughs. Meanwhile, the House begins work on reconciling the differences between the two bills.
NH&RA asks that all members contact their representatives in the Senate TODAY on behalf of retaining Multifamily Housing Bonds and the 4% Credit, New Markets Tax Credits & the Historic Rehabilitation Tax Credit.
The House is likely to have a floor vote on Thursday for a two-week continuing resolution to avoid a government shutdown Friday at midnight. The potential for snags could come from Democrats and Conservative Republicans alike, for differing reasons.
NH&RA member Evan Holladay recently published an article exploring the NIMBY or “Not in my Backyard” issue that so many affordable housing properties face.
Greystone Affordable Development and New Community Corporation Team up for Unprecedented Urban Affordable Housing Renewal in Newark, NJ
New Community Corporation (NCC), one of the largest, most comprehensive community development corporations in the U.S., and Greystone Affordable Development, a leading services provider for affordable housing recapitalization, rehabilitation and development transactions, have joined together to help ensure the preservation of critical urban affordable housing in the Newark, NJ community in a $160 million transaction.
USA Properties Fund Inc. Opens One of the Most Environmentally Friendly Multifamily Projects in California
USA Properties Fund Inc. has completed Vintage Aliso, a much-needed affordable senior community in Aliso Viejo in southern Orange County.