Tax Credits

Year Reprieve For Higher LIHTC Credit
   Low-income housing investors get a one-year reprieve on the 9% tax break for low-income housing tax credits. Congress decides to keep the higher level to allow for projects allocated LIHTCs in 2013 to take full advantage of the credits even if the project is not completed this year. Without the extension in the American Taxpayer Relief Act, only
posted 1/9/13 4:48 PM  read complete story

Lack Of Tax Credit Access Crimps Vets’ Housing
   Federal funding to address veterans' homelessness is abundant, but meeting a federal goal of ending the problem by 2015 still faces many challenges
posted 6/29/12 10:34 AM  read complete story

Push To Preserve Housing Tax Credits
   After allowing Low-Income Housing Tax Credits (LIHTC) to fall by the wayside during the housing turmoil, backers are trying to persuade lawmakers to extend the 9% tax credit exchange permanently. But time is running out and the earliest Congress could consider the
posted 6/13/12 5:16 PM  read complete story

Tax Credit Lure For NJ Developers
   A plan to provide incentives to developers to include housing for the homeless in their suburban developments is unveiled by the Christie administration in New Jersey. The proposed rules also target construction of affordable housing in good school districts and
posted 5/11/12 10:32 AM  read complete story

LIHTC Bill Gets Bipartisan Boost
   Legislation that would make permanent the provision governing minimum federal Low-Income Housing Tax Credit rates set in the Housing & Economic Recovery Act of 2008 begins to wend its way through the House. HR 3661 is in the House Ways & Means Committee, and Sen.
posted 3/23/12 11:19 AM  read complete story

(FHA APPROVAL PROCESS) Improved Financing For LIHTC Projects Sought
   Federal Housing Administration officials are testing an accelerated approval process for the purchase or refinancing of multifamily rental properties subsidized through the low-income housing tax credit program.
posted 2/17/12 10:53 AM  read complete story

(FHA PILOT PROGRAM) FHA Wants More Tax Credit Deals
   More than three years after getting a mandate from the Housing & Economic Recovery Act to establish a tax credit pilot program, the Federal Housing Administration is poised to roll out its design for such an effort. In addition to the prospect of getting affordable housing deals
posted 1/12/12 4:03 PM  read complete story

(TAX CREDIT PERIL) Plan Puts LIHTCs On Chopping Block
   A deficit-cutting plan developed by Sen. Tom Coburn (R-OK) would eliminate the low-income housing tax credit program to save an estimated $57 billion during the next 10 years. The proposed elimination is tucked in
posted 7/22/11 11:52 AM  read complete story

(TAX CREDITS IN COURT) Tax Credits Subject To Open Records Law
   Low-income housing tax credit records are open to the public, the Louisiana attorney says in a new opinion. The ruling focuses on a Lafayette, LA development funded in part by $800,000 in LIHTCs awarded
posted 7/15/11 11:57 AM  read complete story

(LIHTC FUND) Richman Closes Latest LIHTC Fund
   Saying it was oversubscribed by nearly $100 million, the Richman Group Affordable Housing Corp. closes a $250 million low-income housing tax credit (LIHTC) fund. The new USA Institutional Tax Credit Fund 84 has 24
posted 6/17/11 10:45 AM  read complete story