Tax Credit Advisor Article Archives

Advice for Compliance in LIHTC Acquisition/Rehab Projects

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This article will highlight some of the primary concerns and issues for developers and property managers in housing credit acquisition/ rehab projects. While it will focus on projects seeking both acquisition and rehabilitation credits, it will also, where appropriate, address issues relating to rehab only credit projects.

Developers, Agencies Counseled on Coping with Price Decline, Uncertainties

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SYNDICATORS OFFERED ADVICE to developers and state housing credit agencies on how to cope with changing low-income housing tax credit (LIHTC) equity market conditions as they work on new deals in 2008, in comments 1/15/08 at a Washington, DC conference.

House Passes Rural Housing Bill

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The U.S. House of Representatives on 1/23/08 approved a bill (H.R. 3873) that would direct USDA’s Rural Housing Service to make administrative and procedural changes to expedite approvals of applications for transfers of ownership of RHS Section 515 rural rental housing properties.

CDFI Fund Issues List of Non-Metro Census Tracts

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The Community Development Financial Institutions (CDFI) Fund has published a list of 6,488 census tracts within non-metropolitan counties nationwide eligible for investments under the federal new markets tax credit (NMTC) program.

The Florida Housing Finance

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The Florida Housing Finance Corporation will hold an application workshop on 3/13/08 in Tallahassee for its 2008 Universal Application Cycle.

California Adopts Final Rule Changes

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The California Tax Credit Allocation Committee has adopted final regulation changes for its 2008 low-income housing tax credit program, which it outlined in a memorandum dated 2/4/08.

Connecticut Approves QAP, Sets Deadline

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The Connecticut Housing Finance Authority’s board on 1/31/08 approved the 2008 qualified allocation plan for its low-income housing tax credit program.

Multiple States Considering Legislation Relating to State Historic Tax Credits

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THE NEW YEAR HAS SEEN the introduction of legislative proposals to curtail, expand, or establish various state historic rehabilitation tax credits. Declining revenues and a projected budget deficit are the motivating factors in some states.

Vibrant Seattle Economy Spurs Demand for Affordable Housing

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A GROWING POPULATION, expanding job market, and rising home values make Seattle,WA nicknamed the Emerald City after the many lush evergreen trees in the area, a true jewel of a locale for affordable and market-rate multifamily housing.

HUD Releases FY 2008 Median Incomes, Income Limits

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The U.S. Department of Housing and Urban Development (HUD) on 2/13/08 released its estimates for Fiscal Year 2008 of median family income and income limits for 532 metropolitan and 2,043 non-metropolitan areas nationwide.

Connecticut Approves QAP, Sets Deadline

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The Connecticut Housing Finance Authority’s board on 1/31/08 approved the 2008 qualified allocation plan for its low-income housing tax credit program.

New Atlanta Loan Fund Established

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THE CITY OF ATLANTA, GA AND Enterprise Community Partners have announced a new $25.5 million funding source available to developers of affordable and mixed-income owner occupied, multifamily rental, and supportive housing projects.

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