Sign Up For Novogradac Industry Alert Emails

MISSISSIPPI CALLS FOR RETURNED HOUSING TAX CREDITS

Wednesday, September 3, 2008 - 7:30AM

The Mississippi Home Corporation (MHC) last week issued a program bulletin announcing that in response to recent trends in the low-income housing tax credit (LIHTC) market, the agency is offering an opportunity for developers that received an allocation of 2006-2008 annual credit authority and 2008 Gulf Opportunity (GO) Zone LIHTCs and that are experiencing difficulty completing their developments to return those tax credits. All credits that are returned will be re-allocated to developments that are experiencing funding gaps to due a decreased credit purchase price or are experiencing certain cost overruns. 

An update on the LIHTC equity market will be featured in the October 2008 issue of the Journal of Tax Credit Housing, a trade journal covering affordable housing news and trends.

Learn more about Novogradac's expertise and many services