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This information was published in the Novogradac Journal of Tax Credits. The complete version is available by paid subscription only. Click here for more information on subscribing.

Also in this Issue

  • Intergenerational Community Fulfills Need for Senior, Family Housing

  • Growing Transportation Costs Complicate Decisions for Rental Housing Industry

  • Focus On: Dallas, Texas.

  • The Complexities of LIHTC Unit Qualification and Credit Delivery in an Acq/Rehab Deal - Part One

  • Web-Based Resident Service Platforms Offer Services on Demand

  • Q&A: Effective Date for Income Limits

  • A Review of Section 8

  • Depression-Era Department Store Becomes Recession-Era Beacon

  • DiMenna Center Strikes a Chord with New York City Musicians

  • Tobacco Factory Reborn as Biotech Center

  • The Current: Valuing Renewable Assets – How Much is Eligible for a Grant or Credit?

  • Research Indicates Solar Installations Won’t Hurt Commercial Property Values

 




Home / Journal
May 2012, Volume III, Issue V Published By Novogradac & Company LLP

This is an abridged web edition of the Novogradac Journal of Tax Credits. Subscribe here to receive the complete magazine.

Will Lawmakers Find Inspiration Through Desperation?

By Michael J. Novogradac, CPA

Congress faces no critical fiscal deadlines before September 30; however, the number and magnitude of fiscal deadlines start to build October 1 and reach epic proportions by April 15, 2013. One member of Congress has suggested that the number and magnitude of fiscal issues just might lead to bipartisan congressional action finding “inspiration through desperation.”

 

 


Q&A: How a Real Estate Entity Qualifies as a QALICB Under the Targeted Populations Rules

By Gregory Clements, CPA, Novogradac & Company LLP

Question: How does a real estate entity qualify as qualified active low-income community business (QALICB) under the new markets tax credit (NMTC) targeted population regulations?

 

Lobbying Congress on the Historic Tax Credit Just Got Easier

By John Leith-Tetrault, National Trust Community Investment Corporation

When the California Supreme Court ruled on two redevelopment agency (RDA)-related budget bills in late December 2011, the outcome was one that affordable housing stakeholders had considered the worst case scenario. The court upheld Assembly Bill (A.B.) X1 26, which dissolved the state's RDAs, and struck down A.B. X1 27, which allowed RDAs to continue operating if they made specified contributions to local school and special districts.

 

Q&A: ITC Investments – Comparing Solar ITCs to Historic ITCs

By Tony Grappone, CPA, Novogradac & Company LLP

Question: How do investment tax credits (ITCs) generated by solar projects compare to those generated by historic rehabilitation building projects?

 

News Briefs


he Federal Housing Finance Agency (FHFA) released the 2012 Conservatorship Scorecard, which includes specific objectives and timetables for Fannie Mae....


The U.S. Department of Housing and Urban Development (HUD) through the Energy Innovation Fund awarded nearly $23 million to a dozen organizations. The fund is a pilot program....


The U.S. Department of Agriculture (USDA) Rural Housing Service (RHS) will hold a series of public teleconference meetings regarding the Section 538 Guaranteed Rural....


By a vote of 41 to 9, the Iowa Senate passed Senate File 2326 to increase the state’s renewable energy production incentives. From 2015 to 2019, the bill would add 15 megawatts .....


The Local Initiatives Support Corporation (LISC) named Matt Josephs its senior vice president for policy, based in the Washington, D.C. office. Josephs brings more than 20....


The Department of the Interior (DOI) announced $46.9 million in National Preservation Grants that will enable recipients across the country to preserve historic sites....


The Armed Forces may not be taking full advantage of the various financing approaches available to meet renewable energy goals, according to an April 4 Government Accountability Office....

  

 


 

The Novogradac  Journal of Tax Credits offers news, opinions and features about affordable housing, community development and renewable energy tax credit industries. The complete version is available by paid subscription only. Click here for more information on receiving a monthly print subscription.

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