Tag: LIHTC

Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

Filed in Housing Finance by on November 16, 2017 0 Comments
Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

In a positive development that should help boost the affordable housing market, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will be allowed limited re-entry into the Low-Income Housing Tax Credit (LIHTC) market as equity investors, effective immediately.

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Senate Tax Reform Bill Boosts Affordable Housing

Filed in Capitol Hill, Multifamily by on November 16, 2017 0 Comments
Senate Tax Reform Bill Boosts Affordable Housing

Senate Finance Committee Chairman Orrin Hatch (R-Utah) has released an updated version of the Senate tax reform bill that includes a number of changes that are favorable for the Low-Income Housing Tax Credit.

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Senate Tax Reform Bill a Better Starting Point

Filed in Capitol Hill by on November 10, 2017 4 Comments
Senate Tax Reform Bill a Better Starting Point

While NAHB still opposes the current House tax reform legislation, the Senate bill released last night represents a step forward. Unlike the House bill, the Senate package provides meaningful tax relief for small businesses and keeps the complete Low-Income Housing Tax Credit program in place. However, NAHB believes that both the House and Senate bills fall short in maintaining an effective homeownership tax incentive.

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Senate Tax Reform Bill: Better for Affordable Housing

Filed in Capitol Hill, Housing Finance, Multifamily by on November 10, 2017 0 Comments
Senate Tax Reform Bill: Better for Affordable Housing

The Senate tax reform legislation represents a much better deal for multifamily developers and members of the affordable housing community.

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Tax Reform Plan Spells Disaster for Affordable Housing

Filed in Capitol Hill, Codes and Regulations, Multifamily by on November 9, 2017 1 Comment
Tax Reform Plan Spells Disaster for Affordable Housing

Recent analysis illustrates how the tax proposal introduced last week in Congress would have a devastating impact on the industry.

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IRS Authorizes LIHTC Owners to Provide Emergency Housing for Disaster Victims

Filed in Disaster Response by on September 29, 2017 0 Comments

The Internal Revenue Service announced that the owners and operators of low-income housing tax credit (LIHTC) projects may use vacant units to provide emergency housing to individuals, regardless of income, displaced by a major disaster.

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Creating Your Tax Credit Compliance Calendar

Filed in Education, Multifamily by on September 20, 2017 0 Comments
Creating Your Tax Credit Compliance Calendar

Housing Credit Certified Professionals and anyone involved in tax credit compliance for multi-unit housing will learn to plan ahead and take control of their tax credit deadlines with the tools offered in this upcoming webinar.

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HUD Proposes 2018 Difficult Development Areas, Qualified Census Tracts

Filed in Housing Finance, Multifamily by on September 12, 2017 0 Comments

HUD published a Federal Register notice Monday that designates Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for 2018.

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LIHTC a ‘Lifeline’ for these Vets

Filed in Councils & Committees, Multifamily by on August 4, 2017 0 Comments
LIHTC a ‘Lifeline’ for these Vets

Developers of affordable housing know that the Low Income Housing Tax Credit is the lifeline that pulls vets and their families out of a cycle of poverty and into jobs, economic independence and a more meaningful life. It also means a safer, more affordable place for seniors and those with disabilities. Here’s how it works.

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Cantwell-Hatch Bill Would Help Ease Affordable Housing Crisis

Filed in Capitol Hill, Multifamily by on August 1, 2017 1 Comment
Cantwell-Hatch Bill Would Help Ease Affordable Housing Crisis

NAHB today called on Congress to pass the Affordable Housing Credit Improvements Act of 2017 (S. 548), legislation that would promote the construction of sorely needed rental apartments and help alleviate the nation’s affordable housing crisis.

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