LIHTC

If enacted, areas that experienced federally-declared disasters from 2012 – 2015 would receive additional allocations towards tax credit programs

HUD recently published in the Federal Register 2018 updated Difficult to Develop Areas (DDAs) and Qualified Census Tracts (QCTs).

Interested parties may access the complete RFA and the online Application to apply for funding via FHFC’s website.

CohnReznick recently made a recording available, in which Beth Mullen explains the impact a major disaster can have on a tax credit property.

In a bipartisan show of support for affordable housing, members of the Committee from both sides of the aisle acknowledged the need for more affordable housing and the role of the Low-Income Housing Tax Credit (Housing Credit) as our nation’s primary tool for increasing the supply of affordable rental housing.

The Gap Financing Program NOFA is designed to improve MSHDA’s direct-lending production and to assist with being able to finance tax-exempt bond transactions utilizing the 4% Low Income Housing Tax Credit. MSHDA now has two funding rounds annually, with each round having available approximately $9 million in gap funding.

Donald Trump today has released a preliminary version of a tax plan, calling for a reduction in the corporate tax rate to 15%.

While the report points to incomplete data reporting for various reasons, the data provided could give a general idea regarding LIHTC resident demographics in particular areas.

The bipartisan bill aims to improve the Low Income Housing Tax Credit through a number of changes.

Sen. Maria Cantwell (D-WA) announced Monday that she is reintroducing legislation with at least ten other Senators (including co-sponsor Sen. Orrin Hatch (R-UT) to improve and expand the Low Income Housing Tax Credit.

The report makes no recommendations.

Treasury Secretary Nominee Steve Mnuchin was tepid towards both tax credit programs.