Tax Credit Advisor Article Archives

Tax Credit Project Damaged by Fire During Construction Offers Lessons in Recovery, Transaction Structuring

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IN REAL ESTATE PROJECTS using federal tax credits, most eyes are focused on structuring the transaction, building the project, and setting up mechanisms to ensure adequate compliance during the recapture period.

HUD, ACHP Hold Event to Promote Compatibility of Historic Preservation and Affordable Housing

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THE U.S. DEPARTMENT OF Housing and Urban Development (HUD) and Advisory Council on Historic Preservation (ACHP) recently held a symposium to promote the idea that historic preservation can be compatible with the preservation of affordable housing.

Equity Market Rife With Uncertainties; Higher Yields, Lower Prices Seen in 2008

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DEVELOPERS SHOULD PREPARE FOR reduced low-income housing tax credit (LIHTC) prices in 2008, because of various factors that have created uncertainty in the equity market, according to participants interviewed by the Tax Credit Advisor.

AHIC Elects New Officers, Board Members

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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.

Milwaukee’s Economy on the Grow; Strong Demand for Affordable Housing

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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.

Coalition Expects to Pursue Legislative Relief on Audit Issue

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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.

HUD Lifts Previous Cap on Voucher Rents for Certain LIHTC Units

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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.

Affordable Housing: Prepare Early to Combine USDA Funding with Tax Credits

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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.”

New Study Warns Numerous Communities May Not See LIHTC Rent Increases for Years

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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.

Tax-Exempt Debt, Housing Credits Allow Mixed-Finance Renovation of Small Public Housing Property

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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.

Action on Tax Credit Legislation Bumped to 2008

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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.

Developers Apply Certain Design Features, Management Practices to Prevent, Minimize On-Site Crime


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.

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