Artists Lofts Receive LIHTC Equity
PATCHOGUE, N.Y—Raymond James Tax Credit Funds announced that it has partnered with Capital One Financial Corp. to provide $8 million in low-income housing tax credit equity for the construction of 45 units of studio and living space for artists.
Raymond James Invests in HOPE VI Project
Raymond James Tax Credit Funds announced that it is providing nearly $12 million in low-income housing tax credit equity for the construction of McKenzie Court Phase II in Tuscaloosa, Ala.
PNC Closes $71 Million LIHTC Fund
PNC has closed a $71 million low-income housing tax credit (LIHTC) fund for developments in eight states
Raymond James, Citi Invest in S.F. Project
Raymond James Tax Credit Funds announced that it has partnered with Citi Community Capital to provide more than $25 million in low-income housing tax credit equity for a 120-unit single-room occupancy development in San Francisco.
Carryback Proposal Introduced
Sen. Maria Cantwell (D-Wash.) introduced the Job Creation and Affordable Housing Act last week, which contains several of the key measures being sought by low-income housing tax credit (LIHTC) advocates.
HUD Submits Bill to Congress on TransformingRental Assistance
The Department of Housing and Urban Development (HUD) submitted the Preservation, Enhancement, and Transformation of Rental Assistance Act of 2010 (PETRA) to Congress on May 11.
Ohio Developments Receive Exchange Funds
The Ohio Housing Finance Agency (OHFA) recently approved $17.2 million in tax credit exchange funds to help develop more than 140 units of affordable housing.
Firm Acquires Credit Suisse’s Tax CreditManagement Business
Morrison Grove CAPREIT, LLC, has entered into an agreement to acquire the low-income housing tax credit asset management business of Credit Suisse (USA), Inc.
Tax-Exempt Bond Market Sings the Blues
The NRP Group has employed tax-exempt bonds on many new developments throughout its 15-year history.
NCSHA Speakers Cite Market Changes
CHICAGO—The low-income housing tax credit (LIHTC) market is better than it was a year ago thanks to additional equity, according to many at the National Council of State Housing Agencies conference.