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New York Governor David Paterson has signed into law new legislation that amends the state’s historic rehabilitation tax credit program to make it easier for banks and insurance companies to utilize the program. read more
Date Published: 08/31/2010
Tags: Tax Credits, Historic Rehabilitation Tax Credit, State Tax Credits, Historic Rehabilitation
Tax Credit Advisor, August 2010: Low-income housing tax credit developments in New York City have had a positive economic impact on the neighborhoods in which they are located, including raising property values, according to a new study released on June 23.
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Date Published: 08/19/2010
Tags: Tax Credits, LIHTC, Affordable Housing, Market Analysis
Earlier this month, the New York State Legislature passed the final bill needed to authorize the 2010 state budget. Among other things, the final budget defers New York State Rehabilitation Tax Credits earned between 2010 and 2012 exceeding $2 million. read more
Date Published: 08/16/2010
Tags: Tax Credits, Historic Rehabilitation Tax Credit, Historic Rehabilitation
On July 13, Brian Lawlor, Commissioner of DHCR and CEO of "nyhomes," met with senior staff from both agencies and housing advocates from Long Island at the first of several roundtables to discuss opportunities and goals for the integration of nyhomes and DHCR. read more
Date Published: 07/21/2010
Tags: Tax Credits, LIHTC
The Local Initiatives Support Corporation (LISC) and Enterprise Community Partners recently released a new report that assesses the effects of LIHTC projects throughout New York City on property values to reflect the market’s assessment of neighborhood quality. read more
Date Published: 06/28/2010
Tags: Tax Credits, LIHTC
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