Products Center:
What's New
Effect of HUD's Revised Income Calculations on Housing Tax Credit Properties: How Long Until Qualifying Incomes & Tax Credit Rents Rise?
2007 Edition
This White Paper*:
- Clarifies the effect the static rent and income levels on tax credit and tax-exempt bond housing.
- Determines in which locations a lack of AMI growth may be a real concern for LIHTC properties - and for how long.
- Provides access to an online database of the information on which the analysis was based.
- VLI and AMI comparisons for every MSA in the country
- Data on the size each area's critical gap
- The estimated time it will take for the area to recover and for rent and income levels to begin to grow again
- Poster-sized versions of the national maps
Click here to view the Table of Contents.
*Those who purchase Effect of HUD's Revised Income Calculations on Housing Tax Credit Properties: How Long Until Qualifying Incomes & Tax Credit Rents Rise? will be assigned a unique username and password that will allow them to access an online database of the information on which the analysis was based. The database will provide VLI and AMI comparisons for every MSA in the country, as well as data about the size each area's critical gap and the time Novogradac & Company LLP estimates it will take for the area to recover and for rent and income levels to begin to grow again. Poster-sized versions of the national maps used to illustrate the White Paper, created using the firm's in-house GIS system, will also be available for download.
Historic Rehabilitation Handbook: Documentation
2007 Edition
The 2007 edition of the Historic Rehabilitation Handbook contains significant updates and revisions to earlier editions and presents in-depth information on the technical aspects of the historic rehabilitation tax credit, including a comprehensive discussion of the issues related to charitable donations of facade easements, provisions contained in the Gulf Opportunity Zone Act of 2005, and a new chapter on GAAP for accounting for the historic tax credit. The handbook features exhibits and includes information on who can use the historic tax credit, a brief history and general explanation of the credit, as well as National Park Service forms, historic preservation certification application, and recapture basis reduction requirements, pass-through leases, and much more.
Click here to view the Table of Contents.
Testimonials:
"If you want a single authoritative source for the tax and accounting rules that apply to federal historic investment tax credits, Novogradac & Company's Historic Rehabilitation Handbook is the reference you need. This comprehensive guide walks logically through the program, the reg's, the tax forms, and examples of the math that show how the 20 percent and 10 percent federal credits can be used to finance preservation. Particularly helpful are the updates that apply in the GO Zone, how to combine historic credits with affordable housing and new markets tax credits, and how to steer clear of problems. Put this book on your team."
David W. Kunhardt
Investor, developer, syndicator, and consultant on historic and affordable projects for 21 years
Corte Madera, Calif.
"Novogradac's Historic Rehabilitation Handbook is required reading for all employees of our company. It's the most comprehensive resource available on the federal historic tax credit. It provides all the fundamentals in an easy-to-read format. My staff also use it as a quick reference when issues come up on a deal. That helps keep our transaction costs down."
John Leith-Tetrault
President
National Trust Community Investment Corporation
Washington, DC
"Novogradac & Company provides tax credit expertise that our firm has counted on since our inception. We recommend the Historic Rehabilitation Handbook as a desk reference for structuring, closing and managing compliance on transactions that involve historic tax credits. We use it often to review the regulations and strategize on the best uses of state and federal historic tax credits. It's an invaluable tool for both our existing, experienced employees, and new staff just being introduced to the business of tax credits."
Norris Lozano
Developer, investor and lawyer
Portland, Ore.
"Novogradac & Company is the go-to resource in the tax credit industry
for program expertise and practical application. The Historic Rehabilitation Handbook will be useful to people who want a comprehensive guide on the Historic Tax Credit program. Novogradac's handbooks can be found on the desks of everyone on our team; they are an essential resource for everyone in the industry - investors, financiers, and developers alike."
Patrick Vahey
Vice President
Capmark
Denver, Colo.