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.
Housing Finance Reform Conference Set for Aug. 17
Fresh on the heels of President Obama signing legislation to reform Wall Street, federal officials are turning their attention to revamping the housing finance systems.
Syndicators Report Improved LIHTC Market
An increased flow of low-income housing tax credit (LIHTC) equity led to a better-than-expected first six months of the year for many tax credit syndicators.
CTCAC Offers Reminder for Sec. 1602 Deals
The California Tax Credit Allocation Committee (CTCAC) issued an important notice to developers who have received Sec. 1602 tax credit exchange funds.
Google Expands Its LIHTC Investments
Google, the popular search engine company, is investing more funds into the low-income housing tax credit (LIHTC) market.