News

Beacon Communities recently announced the opening of their Albany, NY office. Duncan Barrett and Paul Kruger, previously of OMNI Housing Development LLC, and Julianne Clouthier have joined the Beacon Communities team.

The increase comes in light of continued high levels of property acquisitions and deliveries of newly constructed apartment units…

The Public and Affordable Housing Research Corporation (PAHRC) released its annual report, this year focusing on the theme of housing as more than shelter, but “as a springboard for success economically, physically, mentally, and socially.” Read on for findings and highlights from the report.

The data covers 4,541 total Qualified Active Low-Income Community Businesses and almost $38.5B in NMTC investments.

Economist Patrick O’Keefe comments on a slow-to-recover U.S. economy and what that means for the U.S. housing market. A summary from his recent presentation at the NH&RA Summer Institute.

Urban Institute and National Housing Conference have together created an interactive webpage which illustrates the need for subsidy when charging affordable rents to low-income families.

On July 21st, the IRS released guidance regarding Internal Revenue Code 50(d)(5). The long-awaited guidance affects market rate transactions involving Historic Tax Credits.

If signed into law, the bill would strengthen the project based rental assistance program, reduce the burden of public housing and PBRA unit inspections, and change the way tenant incomes are calculated, reviewed, and addressed.

On Thursday, July 14, Senate Finance Committee member Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced legislation (S.3237) to improve the Low Income Housing Tax Credit.

Historic Tax Credit Advocacy During Summer Recess Urgently Needed The Historic Tax Credit (HTC) is the most significant federal financial commitment to historic preservation. Over the last 36 years, the credit has created 2.3 million jobs, leveraged $117 billion in investment, and rehabilitated more than 41,250  buildings — all while generating enough in federal taxes […]

In late March, HUD’s Office of Recapitalization hosted a listening session to receive feedback on how they can facilitate more efficient closings of RAD transactions. The session has resulted in changes regarding the HAP effective date and information regarding initial year funding.

The policy blueprint, which is entitled “A Pro-Growth Tax Code for All Americans,” contains no legislative language and outlines how the House plans to continue working on tax reform into 2017.