The Internal Revenue Service is soliciting comments by August 10 on IRS Form 8874, which is completed and submitted by investors to report equity investments made in community development entities (CDEs) under the federal new markets tax credit program.
Applicants for an allocation of funds under the 2009 New Markets Tax Credit (NMTC) Program round are reminded that the qualified equity investments (QEI) issuance reporting deadline is approaching on Wednesday, June 17.
NCAHMA has made available for download the materials presented during Setting the Stage: An Intro to Market Studies.
According to speakers at the National Association of Real Estate Investors’ REITWeek Conference last week in New York City, public real estate investment trusts (REIT) will make up the few top players in the commercial real estate market because of their access to capital and fundraising abilities to accumulate assets, while many private equity providers remain unwilling to invest.
The North Carolina Housing Finance Agency has issued a revised version of its low-income housing tax credit exchange program process and criteria.
The Philadelphia Housing Authority (PHA) has been granted approval by the federal government to sell off approximately 1,800 vacant properties, mostly located throughout North, West and Southwest Philadelphia.
The U.S. Census Bureau has released a series of national data on the various rental and leasing sectors of the 2007 real estate industry.
The Virginia Housing Development Authority has issued its fourth update to the low-income housing tax credit reservation application process for its 2009 program.
Housing New Mexico has published separate draft notices of funding availability (NOFA) for its low-income housing tax credit assistance (TCAP) and exchange programs.
The Nevada Division of Housing has published guidance on the application and selection process criteria for its tax credit assistance program (TCAP).
The Florida Housing Finance Corporation has published guidelines for the issuance of RFPs for the low-income housing tax credit assistance (TCAP) and Exchange programs, provided for by the American Recovery and Reinvestment Act.
The Massachusetts State Senate Post Audit and Oversight Committee recently concluded an investigation and published a report that calls for greater transparency and accountability under the state’s Chapter 40B affordable housing law, which allows developers to override local zoning laws limiting the number of units able to be built, so long as they agree to set aside a portion of affordable units, limit their profits, and return excess earnings to the municipality.