Tax Exempt Bonds

Both houses of Congress and the White House are reportedly considering varying forms of legislation that could, among other things, extend expiring tax credits provisions.

Sen. Max Baucus (D-MT) has introduced the Middle Class Tax Cut Act of 2010. The legislation contains extensions of numerous affordable housing, new markets and renewable energy tax credit and bond programs.

NH&RA is pleased to offer the PowerPoint slide presentations for sessions exhibited during the 2010 Fall Developers Forum, October 18 & 19 in Boston, Mass.

Senate Finance Committee Chairman Max Baucus today introduced a new version of tax extenders legislation (HR 4213). The Job Creation and Tax Cut Act of 2010 includes following provisions from H.R. 4213, the American Jobs and Closing Tax Loopholes Act (also known as the tax extenders bill), including:

The Internal Revenue Service (IRS) has announced the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2011.

NCAHMA welcomed roughly 100 professionals to Chicago for its 2010 Affordable Housing Underwriting Conference & Annual Meeting on October 5-6. The event was one of NCAHMA’s best turnouts ever! If you missed it, don’t worry! You can download all of the PowerPoint presentations offered during the conference.

The Illinois Housing Development Authority has extended its housing preservation initiative, offering low-cost fixed-rate permanent financing which will provide resources to borrowers to finance new construction, acquisition and rehabilitation or adaptive reuse of existing developments.

Rep. Alcee L. Hastings (D-Fla.) has introduced new legislation that would, among other things, allow New Markets Tax Credit investments made between March 15, 2010 and January 1, 2012 to offset the alternative minimum tax.

The United State’s Senate has issued a substitute amendment for HR 4213, “American Jobs and Closing Tax Loopholes Act of 2010.”Â The Senate is currently scheduled to debate HR 4213 this week. Most of the housing related provisions from the House version remain unchanged, with the exception of a change to the taxation of carried interest provisions. Major features of the amendment include…

National Housing & Rehabilitation Association is pleased to announce that it has released all PowerPoint slide presentations from the 2010 Summer Institute & Pre-Conference Symposium on New Markets Tax Credits.

Red Stone Partners, a national real estate finance company active in the affordable multifamily housing market, recently established a new $250 million investment fund for the acquisition of fixed rate tax-exempt multifamily housing bonds.

Standard & Poor’s has issued a new research report entitled “The U.S. Treasury’s New Issue Bond Program Offers Housing Finance Agencies Possible Increased Market Access.”