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The low-income housing tax credit (LIHTC), a critical ingredient for the successful development of affordable housing, has enjoyed universal improvement in property performance, according to a survey collecting data from 32 housing tax credit syndicators and three of the nation’s largest affordable housing
Overly complex state tax codes make it difficult for developers using low-income housing tax credits to boost the supply of affordable rental housing, Rep. Pat Tiberi (R-OH) says
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
Federal funding to address veterans' homelessness is abundant, but meeting a federal goal of ending the problem by 2015 still faces many challenges
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
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
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.
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.
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
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
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