By Caitlin Jones & A. J. Johnson
Members of the Affordable Housing Investors Council (AHIC) elected new officers for 2008, and new board members, at their 2007 Annual Meeting in mid-October in Scottsdale, AZ.
By Caitlin Jones & A. J. Johnson
BOTH IN SUPPLY AND demand, Milwaukee continues to be a vibrant market for tax credit housing. Contrary to many other “Rust Belt” cities, Milwaukee appears to be on the grow from an increasing numbers of jobs and a resurgent economy.
By Caitlin Jones & A. J. Johnson
AFTER AN UNSUCCESSFUL ATTEMPT to win regulatory relief from the U.S. Securities and Exchange Commission (SEC), a coalition of housing groups now expects to pursue passage of federal legislation to ease stricter new audit requirements for certain lowincome housing tax credit (LIHTC) partnerships.
By Caitlin Jones & A. J. Johnson
THE U.S. Department on Housing and Urban Development (HUD) on 11/19/07 published a final rule in the Federal Register that lifts a previous limitation that restricted the HUD Section 8 project-based voucher rent to the low-income housing tax credit (LIHTC) rent for units assisted by vouchers and credits.
By Caitlin Jones & A. J. Johnson
THE U.S. DEPARTMENT OF AGRICULTURE’S Rural Development Office of Multi-Family Housing estimates that 4,250 Section 515 affordable rural housing properties “will physically deteriorate to the point of being unsafe or unsanitary within the next few years.”
By Caitlin Jones & A. J. Johnson
A NEW STUDY CONCLUDES THAT low-income housing tax credit (LIHTC) rents could stay flat for years in hundreds of communities across the U.S.
By Caitlin Jones & A. J. Johnson
THE USE OF HOUSING credits and a little-known Fannie Mae program is enabling a public housing agency in Jackson, TN, to fund the comprehensive rehabilitation of an older small public housing property for elderly and disabled residents.
By Caitlin Jones & A. J. Johnson
AS THE FIRST SESSION OF THE 110th Congress drew toward a close before year-end, supporters of transferred to 2008 their expectations for action by Congress on legislation to amend the federal low-income housing and historic rehabilitation tax credit programs, and to extend the federal new markets tax credit.
IN RECENT YEARS, DEVELOPERS, police departments, and others have become increasingly interested in design and crime prevention as they relate to development and management of affordable rental housing. Preventing or reducing crime in affordable apartment properties, including low-income housing tax credit projects, provides a safer and more positive environment for residents, enhances the marketability of properties, and can reduce operating costs.
By Caitlin Jones & A. J. Johnson
Tennessee’s governor has signed the state’s final QAP for its 2008 low-income housing tax credit program.
By Caitlin Jones & A. J. Johnson
The Maryland Department of Housing and Community Development has announced that 4/1/08 will be the application deadline for its Spring 2008 Competitive Funding Round, which will offer low-income housing tax credits.
By Caitlin Jones & A. J. Johnson
The New Jersey Housing and Mortgage Finance Agency has issued its proposed 2008 qualified allocation plan (QAP) for its low-income housing tax credit program, and is accepting written comments on it through 4/19/08.