LIHTC

With just two months remaining, it appears 2014 will turn out to be a banner year for the low-income housing tax credit (LIHTC) market in terms of the total volume of equity raised, even as syndicators are being squeezed on profitability, and yields on multi-investor funds continue to fall.

NH&RA member firm California Commercial Investment Group, Inc. (CCI), a California-based national affordable housing preservation and development firm, recently celebrated the Grand Opening of Fickett Towers Senior Apartments in Van Nuys, CA

Collection of State Housing Finance Agency from across the nation for the week of October 27.

Compilation of State Housing Finance Agency from across the nation for the week of October 20.

The District of Columbia’s fiscal year (FY) 2015 Budget Support Emergency Act, which became effective on October 1, 2014, implements a low-income housing tax credit (LIHTC) for the District of Columbia.

A key element in the development or acquisition of a low-income housing tax credit (LIHTC) property is the real estate appraisal.

HUD recently released a Notice in the Federal Register announcing guidelines for Housing Credit Agencies (HCAs) to follow in implementing subsidy layering reviews in accordance with the Housing and Economic Recovery Act of 2008 (HERA).

On September 29, California Governor Jerry Brown vetoed A.B. 1399, a bill to create a state new markets tax credit (NMTC), and A.B. 1999, to create a state historic rehabilitation tax credit (HTC).

Grace Robertson, a longtime analyst with the Internal Revenue Service (IRS) recently announced her retirement from the agency.

The Internal Revenue Service (IRS) today released its updated audit technique guide (ATG) for the Low-Income Housing Tax Credit (LIHTC) program. This guide was prepared to assist IRS examiners in auditing owners of LIHTC properties.

Preservation of Affordable Housing’s second new construction phase of The Grant at Woodlawn Park has been selected as the overall winner in Affordable Housing Finance’s annual Readers’ Choice Awards.

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.