Jessica Hoefer Author Archives

Michigan State Housing Development Authority has revised its Market Study Initiation Request Form, which is available on MSHDA’s Office of Market Research Webpage.   

The growing spotlight is on House GOP tax teams as significant 2017 tax law provisions are set to expire next year.

Colorado Gov. Jared Polis signed legislation to increase the annual statewide cap for the State’s LIHTC, accelerate the rate at which taxpayers can claim the credit and create a State LIHTC for transit-oriented (TOD) communities.

Colorado Gov. Jared Polis signed legislation creating a pilot program for a state middle-income housing tax credit. H.B. 1316 provides a credit for rental housing for individuals and families with a household income between 80 and 120 percent of the AMI, except in rural resort counties, where the range is 80 to 140 percent.

ICAST is working with Tennessee’s Weatherization Assistance Program (WAP) Administrator, Tennessee Housing Development Agency, to implement a statewide, multifamily-focused weatherization program.

Tiber Hudson LLC announced the promotion of John A. “Jay” Fanciullo to partner with the Washington, DC-based law firm.

As a follow-up to last week’s story on the impact of the Housing Opportunity through Modernization Act (HOTMA) on property economics, this week we highlight one of the benefits at the administrative level.

Lument announced it has doubled the size of its real estate capital markets team, expanding the array of capital solutions it offers multifamily investors and extending the company’s reach to all major commercial real estate sectors.

The 45L credit was initially introduced as a tax deduction under the Energy Policy Act of 2005. Initially, it allowed developers of energy-efficient residential properties, including multifamily buildings, to claim a deduction of up to $2,000 per unit for eligible construction or rehabilitation projects meeting specific energy-efficiency criteria. 

The Housing Opportunity through Modernization Act enacted in 2016 amends several aspects of Multifamily Housing Programs and its implementation has brought material changes that impact property owners and tenants, including income calculation, net family assets and income reviews.

Tennessee Gov. Bill Lee signed legislation last week enacting a State LIHTC subject to allocation by the state Legislature. H.B. 1046 creates the Tennessee Rural and Workforce Housing tax credit, which may be awarded to recipients of the Federal LIHTC.

Woda Cooper Companies, Inc. celebrated the opening of Annika Place, a new 53-unit affordable housing community located at 947 S. Garfield in Traverse City.