In the News
August 31, 2015
In response to a report from the Government Accountability Office (GAO) suggesting that a joint administration between the IRS and HUD would benefit the LIHTC program, LIHTC industry groups have opposed the GAO’s recommendations. The GAO report suggests that the IRS currently lacks...
In the News
August 31, 2015
Ten years after Hurricanes Katrina and Rita devastated the Gulf Coast, Louisiana State University researchers have analyzed and documented the recovery effort for the state. Initial reports were recently released. Due to the unprecedented destruction of the 2005 storm season, recovery efforts...
In the News
August 31, 2015
When developers seek financial resources for affordable rental housing development, many combine funds generated through the LIHTC program offered by the IRS with housing block grant funds provided through the HOME Investment Partnerships (HOME) program administered by HUD. For example, to...
Feature
July 30, 2015
By Carolyn E. Zezima, Esq.
Q & A
July 30, 2015
Q As the manager of several tax credit sites, I’ve been asked to lead an effort to create an environmental sustainability plan for one of our sites, as a pilot plan for our portfolio of sites. I’ve heard of these plans, but don’t know much about them. What is a sustainability plan...
Feature
July 22, 2015
The owner of a tax credit site you manage may tell you that the site also participates in the tax-exempt bond program. But you might not be entirely sure as to what this means and what compliance issues to be mindful of when management participates in the bond program.
Dealing with State Housing Agency
July 22, 2015
On June 25, the U.S. Supreme Court held in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. that a state’s “Qualified Allocation Plan” (QAP) implemented by an allocating agency violates the Fair Housing Act if it “disparately impacts...
In the News
July 22, 2015
Recently, Harvard University’s Joint Center for Housing Studies (JCHS) released “State of the Nation’s Housing 2015,” which suggests that an expansion of the Low-Income Housing Tax Credit is needed in order to respond to increasing pressures on the program.
In the News
July 22, 2015
Recently, the Senate Finance Committee led by Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) released reports from five bipartisan tax working groups. The groups were tasked earlier this year to examine and recommend changes to particular elements of the federal tax code.
In the News
July 22, 2015
On July 16, bipartisan bills were introduced in both the House and the Senate to provide tax relief to communities affected by natural disasters from 2012 to 2015. The legislation includes provisions to increase allocations of low-income housing tax credits and new market tax credits. The National...
