In his article, Mike Novogradac predicts the implications of potential tax reform on generally accepted accounting principles for the Historic Tax Credit – and how those implications differ from the LIHTC.
The effective date of these changes is April 18, 2017, while comments are due by March 20, 2017.
The initiative will fund select owners of HUD-assisted senior housing developments to help their low-income senior tenants to age in their own homes and delay or avoid the need for nursing home care.
The fund includes fifteen affordable housing properties, totaling 1,821 apartment units, within twelve family and three senior communities located in nine states including: Arkansas, Georgia, Louisiana, Michigan, Missouri, Pennsylvania, Texas, Tennessee and Virginia.
The 124-unit mixed income building is among the first of its kind in the country to have full-time, onsite VA case managers.
Laura focuses her practice on representations of public housing authorities and developers involved in complex affordable housing development.