HUD Office of Community Renewal is Offering a Bbroadcast Regarding Approximately $19 billion

Thursday, February 16, 2006 - 7:30AM

Beginning February 27, 2006, the U.S. Department of Housing and Urban Development (HUD) Office of Community Renewal is offering a broadcast regarding approximately $19 billion that is reserved exclusively for businesses in Renewal Communities, Empowerment Zones and in the Gulf Opportunity Zone (GO Zone) through special tax incentives. A panel of experts from IRS will provide information and answer questions on the incentives for businesses in these designated areas. In preparation for this broadcast, HUD has posted background information on the tax incentives. Click here for more information on HUD’s webcast and copies of background information.

In addition, Novogradac & Company LLP will offer a Solutions and Development Opportunities in the Gulf Opportunity Zone seminar that will explore opportunities for affordable housing and community development in the Gulf States, provided for in the GO Zone Act of 2005. The GO Zone Act provides an emergency increase in tax credit and bond authority in Alabama, Louisiana, Mississippi and other Gulf States. These tax credits and tax-exempt bonds will be used directly to begin the rebuilding process of the Gulf Coast region.

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