Tax Credit Advisor Article Archives

Unpacking the Four Percent Floor and More

The Consolidated Appropriations Act of 2021, the year-end legislative package passed by the previous Congress, provided big wins for affordable housing, such as the four percent Low Income Housing Tax Credit (LIHTC) floor, but it also created some gray areas that will require further guidance.

Read More

The Year of Big Tax Changes

Tax issues are going to be a mixed bag this year, with some positive changes, like the four percent Low Income Housing Tax Credit floor, and others that are not so positive. But there’s one thing that a lot of industry observers agree on—the need for guidance from the Internal Revenue Service.

Read More

To Deduct Interest or Depreciation?

The Tax Cuts and Jobs Act of 2017 (TCJA) changed some guidelines for housing. As I noted in the Housing USA column in this issue, it capped the state and local tax (SALT) deduction at $10,000, and limited the deduction on mortgage debt interest, two measures that mostly impacted wealthy homeowners.

Read More

Case Study: Park Yellowstone in Houston

Affordable housing developments are never easy. But acquiring and rehabbing a 23-year-old project in Houston gave Vesta Corporation a few more hoops to jump through than just fixing old roofs and redoing faulty water lines. In addition to the nuts and bolts of this comprehensive $30 million renovation, the developer found the state housing agency wanted to see some non-construction improvements as well, like better educational opportunities for residents and a reduction of crime and blight in the neighborhood.

Read More

Case Study: A.O. Flats in Boston

A.O. Flats, a Greater Boston housing development that takes its name from two local landmarks (A for Arborway from the Arnold Arboretum and O for Orange from the Orange transit line), itself will be a blend of two types of residences. Both affordable and workforce housing residents are putting down roots in the Boston neighborhood of Jamaica Plain just a short commuter ride from center city.

Read More

Breaking Ground: Debbie Kleban, Managing Partner, Applegate & Thorne-Thomsen, P.C.

Three years out of law school, Debbie Kleban joined four partners in founding the Chicago law firm of Applegate & Thorne-Thomsen, P.C. in 1998. Over the next 23 years, she played an instrumental role in the firm’s successes. In recognition of her leadership and commitment to the firm, her partners unanimously approved her to succeed Ben Applegate as the managing partner in January 2021.

Read More