Outlook Uncertain for Tax Bill
Congress appeared headed for adjournment for the November elections without taking final action on a tax extender bill that includes a number of critical housing-related provisions, including funding for the national affordable housing trust fund and a re
Vacant Offices Become Housing
FITCHBURG, MASS.— An old five-story office building has been renovated into 31 apartments, including eight affordable units, with the help of historic and New Markets Tax Credits (NMTCs).
RALEIGH, N.C.—State officials here are done worrying about the credit crisis, which stranded hundreds of affordable housing developers without investors to buy their low-income housing tax credits (LIHTCs).
Affordable Housing Lenders to Focus on Preservation Deals in 2011
Fannie Mae, Freddie Mac, and the Federal Housing Administration will prioritize preservation deals in 2011 to capture a wave of expiring Sec. 8 and tax-credit properties.
House Committee OKs Bills
The House Financial Services Committee has approved a housing preservation bill (H.R. 4868) aimed at maintaining the affordability of the current assisted housing stock.
More Equity Flows into LIHTC Market
Low-income housing tax credit (LIHTC) pricing will increase or, at the very least, hold steady for the next several months, according to a survey of 17 national and regional syndicators.
The Tax Credit Conundrum
An unfair property valuation by a local tax assessor can cripple the operation of a low-income housing tax credit (LIHTC) operation.
Oklahoma Sees First ARRA Project
ADA, OKLA.— The renovation of a 56-unit development here nearly came to a halt as the economy tanked, but Red-Wood Development was able to complete the work this year with the help of federal stimulus dollars.
Congress Pushes to Raise Foreign Investment Levels in Real Estate
The Real Estate Jobs and Investment Act, which seeks to raise the amount a foreign entity can invest in REITs, recently passed the House and is awaiting consideration in the Senate.
Financial Reform Act's Impact on Multifamily Borrowers Yet to be Seen
The Dodd-Frank Wall Street Reform and Consumer Protection Act will effect both banks and conduit lenders. But as regulators struggle to reconcile the Act's principles with real-world rules, those effects won't be known for some time.