Caitlin Jones Author Archives

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

USING THE LOW-income housing tax credit and other resources, developer Jim Nichols has transformed a federally financed cooperative housing property that had been a financial prison for its residents into a renovated 150-unit apartment complex providing an affordable and comfortable place to live.

This article will highlight some of the primary concerns and issues for developers and property managers in housing credit acquisition/ rehab projects. While it will focus on projects seeking both acquisition and rehabilitation credits, it will also, where appropriate, address issues relating to rehab only credit projects.

SYNDICATORS OFFERED ADVICE to developers and state housing credit agencies on how to cope with changing low-income housing tax credit (LIHTC) equity market conditions as they work on new deals in 2008, in comments 1/15/08 at a Washington, DC conference.

The U.S. House of Representatives on 1/23/08 approved a bill (H.R. 3873) that would direct USDA’s Rural Housing Service to make administrative and procedural changes to expedite approvals of applications for transfers of ownership of RHS Section 515 rural rental housing properties.

The Community Development Financial Institutions (CDFI) Fund has published a list of 6,488 census tracts within non-metropolitan counties nationwide eligible for investments under the federal new markets tax credit (NMTC) program.

The Florida Housing Finance Corporation will hold an application workshop on 3/13/08 in Tallahassee for its 2008 Universal Application Cycle.

The California Tax Credit Allocation Committee has adopted final regulation changes for its 2008 low-income housing tax credit program, which it outlined in a memorandum dated 2/4/08.

The Connecticut Housing Finance Authority’s board on 1/31/08 approved the 2008 qualified allocation plan for its low-income housing tax credit program.

THE NEW YEAR HAS SEEN the introduction of legislative proposals to curtail, expand, or establish various state historic rehabilitation tax credits. Declining revenues and a projected budget deficit are the motivating factors in some states.

A GROWING POPULATION, expanding job market, and rising home values make Seattle,WA nicknamed the Emerald City after the many lush evergreen trees in the area, a true jewel of a locale for affordable and market-rate multifamily housing.

The U.S. Department of Housing and Urban Development (HUD) on 2/13/08 released its estimates for Fiscal Year 2008 of median family income and income limits for 532 metropolitan and 2,043 non-metropolitan areas nationwide.

The Connecticut Housing Finance Authority’s board on 1/31/08 approved the 2008 qualified allocation plan for its low-income housing tax credit program.