A. J. Johnson Author Archives

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Many owners and managers of existing multifamily housing properties converting under the federal Rental Assistance Demonstration (RAD) program will need to become familiar with the compliance requirements for the federal low-income housing tax credit (LIHTC) program and often also those of other subsidy programs. Many RAD transactions will utilize the housing tax credit equity to raise equity to renovate and recapitalize these properties.

Every low-income housing tax credit (LIHTC) property is subject to periodic site inspections and reviews by various parties seeking to determine whether the project is in compliance with the requirements of the federal tax credit program and the state credit agency.

The low-income housing tax credit (LIHTC) market appears to have stabilized, with yields on national multi-investor funds and tax credit pricing to developers generally the same as in April.

The successful operation and performance of a low-income housing tax credit (LIHTC) project requires choosing the right property management company.

Skilled and vigilant management should keep a property at a healthy occupancy level, assure that it performs well physically and financially, and put investors in a good position to receive the full amount of projected tax benefits.

The West Virginia Housing Development Fund has made available draft guiding principles and scoring criteria for the tax credit assistance (TCAP) program, provided under the American Recovery and Reinvestment Act of 2009.

The Wyoming Community Development Authority has released draft guidance for implementation of its low-income housing tax credit assistance program (TCAP) and is accepting public comments.

The New York State Senate this week unanimously passed S2960, which strengthens the state’s historic rehabilitation tax credit program. The legislation will expand reinvestment in distressed New York communities and improve the program’s ability to implement cost saves strategies.

The Missouri Housing Development Commission has released its competitive selection process and judging criteria for implementing its low-income housing tax credit assistance program (TCAP), under the American Recovery and Reinvestment Act.

The Illinois Housing Development Authority has released eligibility and selection criteria, program deadlines, and competitive scoring methods for implementation of the tax credit assistance program (TCAP).

The Idaho Housing Finance Authority recently published program and application requirements for implementation of its tax credit assistance program (TCAP), provided under ARRA.

The Iowa Finance Authority has issued draft guidance for implementing its tax credit assistance program (TCAP), established by the American Recovery and Reinvestment Act.

The Louisiana Housing Finance Agency (LHFA) in a recent request for qualifications from LIHTC market analysts, has stated that qualified applicants must provide proof of membership in the National Council of Affordable Housing Market Analysts (NCAHMA).