General News
CohnReznick Study Finds LIHTC Properties Operating at Record Numbers
CohnReznick recently released the sixth installment of an ongoing report, Housing Tax Credit Investments: High Performance and Increased Need. The report surveys a portfolio of over 22,000 LIHTC properties and the numbers this year show the best performance recorded over the 31 year history of the LIHTC program.
Immediate Advocacy Needed on Behalf of the Historic Tax Credit
As anticipated, Republican leadership released a tax reform framework intended to guide House and Senate tax writing committees in their drafting of tax reform legislation. The framework does not explicitly preserve the historic tax credit and envisions that most business tax credits will be repealed in order to achieve a 20% corporate tax rate.
National Housing Preservation Database Receives an Upgrade
Thanks to generous support from HAI Group, the National Housing Preservation Database has a completely redesigned user interface, updated current data, and new property and neighborhood data.
RAD Collaborative Practice Day Announced Oct. 18 in Washington, DC
Registration is now open!
Republicans’ Tax Reform Framework Preserves LIHTC; 20% Corporate Rate
While the 9-page “Unified Framework For Fixing Our Broken Tax Code” is silent on many critical details, one key feature is a 20% corporate tax rate. This lower rate potentially creates two snags for the tax-incentivized real estate industry.
California Passes Affordable Housing Package: $250M Annually and Possible $4B Bond
California’s State Legislature recently passed Senate Bills 2, 3, and 35 all related to affordable housing.
Cohn Reznick Releases Updated Survey on LIHTC Performance
CohnReznick found that housing tax credit properties are operating better than any period in the program’s history.
LIHTC Compliance in a Disaster Area
CohnReznick recently made a recording available, in which Beth Mullen explains the impact a major disaster can have on a tax credit property.
Green Tax Incentive Compendium for Federal and State Programs Released
Robinson+Cole has recently published a comprehensive look at both federal and state green tax incentives.
New Markets Tax Credit Report Shows Continuing Success
This is the thirteenth edition of the report and NMTC President Robert Davenport said the quality of last year’s projects “bests any previous year.”
Joint Center for Housing Publishes 2017 Report: Segregation and Lack of Affordability on the Rise
The Joint Center for Housing Studies of Harvard University (JCHS) released its new “The State of the Nation’s Housing” report for 2017. The report analyzes the national housing market in terms of housing demand and supply, home prices, and construction volumes.
Fannie Mae Examines Inclusionary Zoning
Requirements range greatly across states and localities as far as incomes served, length of affordability, and incentives.