IRS/Tax Issues

NH&RA’s Historic Preservation Development Council is working to extend expiring Tax Incentives for historic rehabilitation projects in the Gulf Opportunity Zone in Louisiana, Mississippi and Alabama. These benefits are currently due to expire at the end of 2009. As a result of our efforts we expect legislation to be introduced shortly that will be co-sponsored by Congressman Artur Davis (D-Ala.) and Congressman Charles Boustany (R-La.).

We are pleased to announce NH&RA has launched a Twitter Feed. Twitter is a free social networking and micro-blogging service that enables its users to send and read short messages known as tweets. We’ll be using Twitter to let our members know about the projects we are working on, provide updates on industry news and developments, live report from NH&RA and other industry meetings and much more…

NH&RA is pleased to announce that it has extended its early registration for the 2009 Fall Developers Forum, November 2-3, 2009 at the Taj Hotel in Boston. Register by Wednesday, September 30 and save $100 off your conference registration fee.

The Internal Revenue Service (IRS) has released an updated version of its Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.

The Internal Revenue Service has issued a notice of changes to Revenue Procedure 2007-65, which establishes safe harbor requirements for the allocation of Section 45 wind energy production tax credits by partnerships.

Even in bad times, there are many opportunities available for the knowledgeable, well-informed developers. The NH&RA membership is comprised of the most creative and progressive thinkers in the industry. Join us at our Fall Developers Forum in Boston, November 2-3 to learn how your business can benefit now from new programs and new ideas.

If you missed NH&RA’s 2009 New Markets Tax Credit Symposium, July 29 in Woodstock, Vermont, you can still purchase conference materials and audio recordings of the entire day!

We are pleased to announce that we will be returning to Chicago for this years Affordable Housing Underwriting Forum & NCAHMA Annual Meeting. We will be convening November 9-10 at the Doubletree Hotel Chicago Magnificent Mile. If you are a market analyst, appraiser, debt or equity underwriter or developer, join your colleagues to discuss critical underwriting and market study developments in affordable housing.

The Law Firm Ballard Spahr recently issued an alert on a interesting provision from the American Recovery & Reinvestment Act that allows tax payers to defer cancellation of indebtedness income.

If you missed the 2009 Summer Institute in Woodstock, VT you can still purchase conference materials and video and/or audio recordings of select sessions.

NH&RA pleased to announce we will be returning to the Taj Hotel (formerly the Ritz-Carlton) for our Annual Boston Fall Developers Forum November 2-3, 2009. This is a can’t miss event for developers and affordable housing professionals looking to get the latest updates on state-of-the-art transactions and breaking news from the Congress, HUD and HFAs.
Online registration is now open and the hotel is taking reservations at our group rate. Click here to register online.

The Internal Revenue Service (IRS) recently released a notice inviting public comments on Form 8586, Low-Income Housing Tax Credit.