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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

  • Redeveloped Villas Kick-Start LIHTC Development in U.S. Virgin Islands

  • New Issue Bond Program Helps HFAs Achieve Record Production Levels

  • Demographic Data: The Method Behind the Numbers

  • Focus On
    Manhattan, N.Y.

  • Recertification and Processing Issues for LIHTC Properties with Project Based Vouchers

  • Q&A: Charging for Garages

  • One on One: Industry Insight
    Q&A with Denise Muha: Outlook for Section 202 and Section 811

  • Minnesota HTC Helps Bring Affordable Housing to Uptown Minneapolis

  • San Jose Closes Innovative NMTC Transaction

  • NMTC Working Group Update: February 2012

  • Q&A: Substantial Rehabilitation Testing Period

  • Q&A: Using State Rehabilitation Credits Part 1 of 3

  • State of the State Historic Tax Credits

  • The Current
    Don't Worry About Capital — I've Got a Rich Friend Who'd Like to Invest in My Energy Project

  • Fairfield Budweiser Plant Brews with a Breeze


Editorial Board

Publisher

Michael J. Novogradac, CPA

Managing Editor

Alex Ruiz

Editor

Jane Bowar Zastrow

Assignment Editor

Jennifer Dockery

Staff Writer

Jennifer Hill

Technical Editors

Robert S. Thesman, CPA
James R. Kroger, CPA
Owen P. Gray, CPA
Thomas Boccia, CPA
Daniel J. Smith, CPA

Contributing Writers

Brandi Day
Brad Elphick
Tony Grappone
Jim Kroger
Peter Lawrence
John P. Lee
John Leith-Tetrault
Diana R. Letsinger
George F. Littlejohn
Forrest David Milder
Charles A. Rhuda III
Rodney C. Sommers
John Tess
Phong T. Tran

Cartographer

David R. Grubman

Production

Jesse Barredo
James Matuszak

Information

Address all correspondence and
editorial submissions to:
Jane Bowar Zastrow / 415.356.8034

Address inquiries regarding
advertising opportunities to:
Emil Bagalso / 415.356.8037

Editorial material in this publication is for informational purposes only and should not be construed otherwise.

Advice and interpretation regarding the low-income housing tax credit or any other material covered in this publication can only be obtained from your tax advisor.

© Novogradac & Company LLP
2011 All rights reserved.
ISSN 2152-646X

Reproduction of this publication in whole or in part in any form without written permission from the publisher is prohibited by law.

Advisory Board

Low-Income Housing Tax Credits

Bud Clarke
Boston Financial Investment Management
Jana Cohen
Barbe SNR Denton
Tom Dixon
Boston Capital
Valerie White
Standard & Poor's Corporation
Rick Edson
Housing Capital Advisors Inc.
Richard Gerwitz
Citi Community Capital
Rochelle Lento
Dykema Gossett PLLC
John Lisella
U.S. Bancorp Community Dev. Corp.
Phillip Melton
Centerline Capital Group
Thomas Morton
Pillsbury Winthrop Shaw Pittman LLP
Stephen Ryan
Cox, Castle & Nicholson LLP
Arnold Schuster
SNR Denton
Mary Tingerthal
Minnesota Housing Finance Agency
Rob Wasserman
U.S. Bancorp Community Dev. Corp.

Property Compliance

Rose Guerrero
California Tax Credit Allocation Committee
Sharon Jackman
SIG Services LLC
Michael Kotin
Kay Kay Realty
Michael Snowdon
MCA Housing Partners
Gianna Solari
Solari Enterprises
Ruth Theobald Probst
TheoPRO Compliance & Consult. Inc.
Kimberly Taylor
Housing Development Center

Housing and Urban Development

Sheldon Schreiberg
Pepper Hamilton LLP
Monica Sussman
Nixon Peabody LLP

New Markets Tax Credits

Frank Altman
Community Reinvestment Fund
Bruce Bonjour
Perkins Coie LLC
Neil Kimmelfield
Lane Powell
Marc Hirshman
U.S. Bancorp Community Dev. Corp.
Scott Lindquist
SNR Denton
Ruth Sparrow
Futures Unlimited Law PC
Herb Stevens
Nixon Peabody LLP
Tom Tracy
Hunter Chase & Company
Joseph Wesolowski
Enterprise Community Investment Inc.

Historic Tax Credits

Don Holm
Holm Law Firm
John Leith-Tetrault
National Trust Comm. Investment Corp.
Bill MacRostie
MacRostie Historic Advisors LLC
Donna Rodney
Bryan Cave LLP
John Tess
Heritage Consulting Group

Renewable Energy Tax Credits

Ed Feo
USRG Renewable Finance
Michael Hall
Borrego Solar Systems
Jim Howard
Dudley Ventures
Forrest Milder
Nixon Peabody LLP
Darren Van't Hof
U.S. Bancorp Community Dev. Corp.