What's New

New Markets Tax Credit Handbook, 2011 Edition

The 2011 edition of the New Markets Tax Credit Handbook updates all of the major changes to the NMTC program since August 2008, including new information on targeted populations, reasonable working capital, mixed-use projects and active businesses. Additionally, the new edition provides an expanded discussion of the NMTC basis reduction and use of the six-month cure period to meet the initial substantially all test. All this in addition to the solid foundation laid almost a decade ago with the first edition of the New Markets Tax Credit Handbook in 2001.

This most recent edition includes all of the latest facts on the rules and regulations underlying the NMTC program, provides information on receiving and using the credits for the development, financing and compliance of an NMTC project, offers a thorough explanation of the program's structure and crucial terms, describes pertinent statutory requirements, and presents a discussion of credit allocation dates, credit recapture and generally accepted accounting principles.

Click here to view the Table of Contents.

Testimonials:

"The New Markets Tax Credit Handbook by Novogradac & Company is virtually required reading for anyone trying to understand the NMTC program. More importantly, if you actually intend to navigate within the program and make good things happen as a result, there's no better place to begin honing your expertise in how to apply the facts you learn. The world of NMTCs is complex; but the Novogradac team has the technical expertise as well as the larger policy perspective to bring an eminently usable and helpful tool to the community development scene with this book."

Zack Boyers
Chairman & CEO
US Bancorp Community Development Corporation
St. Louis, Mo.

"Novogradac's NMTC Handbook is a wonderful resource. I find myself referring to it as a source of information for applications as well as validating transactions. The Novogradac team continues to be a cutting edge resource from the first days regulations were written for this program to helping its clients use New Markets in creative deal structuring."

Tony Brown
Director
Uptown Consortium Inc.
Cincinnati, Ohio

"The New Markets Tax Credit Handbook has been a important tool for our NMTC group. It has consistently proved to be a valuable reference throughout every phase of a NMTC deal. Novogradac really hit the mark with such a comprehensive guide."

Randy Kahn
Vice President / Managing Director
Capmark
Washington, DC

"The New Markets Tax Credit Handbook is the primary resource I use when questions arise about the program and the issues surrounding our investments. I informally call it the NMTC Bible as the analysis, regulations and examples provide more than sufficient guidance to make a well informed decision."

Robert J. Wasserman
Managing Director, Tax Credit Syndications
US Bancorp Community Development Corporation
St. Louis, Mo.

Renewable Energy Tax Credit Handbook

2010 Edition
The RETC book brings together the latest information, rules and regulations relating to the renewable energy industry; specifically, the investment tax credit, the production tax credit, and the Treasury Grant program under Section 1603 of the American Reinvestment and Recovery Act (ARRA). In addition to details regarding the latest enacted legislation affecting the industry, the book describes the technical rules for the credits, information on financing structures used to structure RETC transactions, and the types of business entities that can best use the tax credits.

Click here to view the Table of Contents.

Low-Income Housing Tax Credit Handbook

2010 Edition

The 2010 Low-Income Housing Tax Credit Handbook contains a trove of updated information on legislation that affected the LIHTC program in 2009 and early 2010. Significant to this edition are in-depth updates to and analyses and IRS clarifications of the Housing and Economic Recovery Act (HERA) of 2008 and the American Recovery and Reinvestment Act (Recovery Act) of 2009 and their measures, including TCAP and the credit exchange program. Updates on the management of LIHTC property include incorporation of Change 3 of HUD Handbook 4350 and the IRS 8823 Guide, as well as the most recent data on qualified census tracts and difficult to develop areas. This leading authoritative guide for affordable housing owners, developers and managers, as well as for those who counsel them, is an essential part of all tax credit housing professionals' libraries.

NOTE: The 2011 Edition of the LIHTC handbook will be released in May. Pre-orders are now accepted! Orders of the 2010 Edition for the remainder of April will be shipped within 10 business days of purchase.

Click here to view the Table of Contents.

Testimonials:

"The LIHTC Handbook is the bible of our industry, and an indispensable 'how-to' guide for anyone - veteran or newcomer - who needs to gain a comprehensive understanding of this complex subject. We make it required reading for everyone on our team, and our people refer to it on a daily basis."

Michael A. Costa
President
MCA Housing Partners LLC
Gardena, Calif.

"Novogradac & Company LLP’s Low-Income Housing Tax Credit Handbook is an excellent and comprehensive guide for all who work in the low-income housing tax credit industry. It is an invaluable resource. If you are serious about your business you must have it on your book shelf. The book provides all of the resources necessary for dealing with the complex body of federal laws of the IRS; HUD rules and policies that direct the LIHTC program. Filled with valuable information, the Low-Income Housing Tax Credit Handbook is a must-have for every LIHTC professional. Our business would not be as successful without this resource; it is a must have."

Frank Hawkins
Executive Director
Community Development Programs Center of Nevada
Las Vegas, Nev.

"When I formed a real estate development company focusing on affordable housing, my first two acquisitions were Novogradac & Company LLP's Low-Income Housing Tax Credit Handbook and the Tax-Exempt Bond Handbook. These resources have been an integral part of our decision making process as we maneuver through the complex world of affordable housing financed by tax credits and tax-exempt bonds. These handbooks have contributed directly to our success as a developer of affordable housing."

Kipling S. Sheppard
President
Wasatch Advantage Group
Mission Viejo, Calif.