LIHTC
LIHTC Compliance in a Disaster Area
CohnReznick recently made a recording available, in which Beth Mullen explains the impact a major disaster can have on a tax credit property.
Senate Finance Committee Holds Hearing on Affordable Housing
In a bipartisan show of support for affordable housing, members of the Committee from both sides of the aisle acknowledged the need for more affordable housing and the role of the Low-Income Housing Tax Credit (Housing Credit) as our nation’s primary tool for increasing the supply of affordable rental housing.
Michigan Gap Financing for 4% Deals Begins August 15, Market Study Requests Due Jun 30
The Gap Financing Program NOFA is designed to improve MSHDA’s direct-lending production and to assist with being able to finance tax-exempt bond transactions utilizing the 4% Low Income Housing Tax Credit. MSHDA now has two funding rounds annually, with each round having available approximately $9 million in gap funding.
Trump Releases Tax Plan, Rep. Brady Pushes Back House Schedule for Tax Reform
Donald Trump today has released a preliminary version of a tax plan, calling for a reduction in the corporate tax rate to 15%.
HUD Releases New Demographic Data on LIHTC Residents
While the report points to incomplete data reporting for various reasons, the data provided could give a general idea regarding LIHTC resident demographics in particular areas.
Reps. Pat Tiberi and Richard Neal Introduce Legislation to Improve the LIHTC
The bipartisan bill aims to improve the Low Income Housing Tax Credit through a number of changes.
Senator Cantwell Reintroduces Legislation to Expand Housing Credit
Sen. Maria Cantwell (D-WA) announced Monday that she is reintroducing legislation with at least ten other Senators (including co-sponsor Sen. Orrin Hatch (R-UT) to improve and expand the Low Income Housing Tax Credit.
GAO Publishes Study on the Role of Syndicators in LIHTC Industry
The report makes no recommendations.
Treasury Secretary Nominee Steve Mnuchin Non-Committal on LIHTC and NMTC
Treasury Secretary Nominee Steve Mnuchin was tepid towards both tax credit programs.
LIHTC Receives Praise During Dr. Carson’s Confirmation Hearing
Dr. Ben Carson, the nominee for HUD Secretary, underwent a confirmation hearing before the Senate Committee on Banking, Housing, & Urban Affairs on January 12, 2017.
2016 LIHTC QAP Analysis of Green Building Criteria Released
The Green Urbanism Program of Global Green USA has released its 2016 analysis of state Qualified Allocation Plans in regards to green building criteria. The study, which has been ongoing since 2005, identified trends in 2016, made recommendations, and gave ratings for each state QAP.
IRS Issues Notice on QCTs; Revenue Ruling on Localities Failing to Approve Projects
Both the notice and ruling relate to fair housing concerns – regarding QCTs and local NIMBY issues.