Novogradac Journal of Tax Credits Volume 10 Issue 12
Abridged version of the December 2019 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
Articles
Meals on Wheels of San Francisco Inc. (MOWSF) is building a new state-of-the-art kitchen which will allow it to expand, increase meal production and continue its mission of helping people stay in their homes and remain independent.
The opportunity zones (OZ) incentive is a tool designed to spur economic development and job creation in distressed communities by closing the financing gap that has prevented low-income communities from achieving economic development success.
During 2019, the Low-Income Housing Tax Credit (LIHTC) Working Group focused its efforts on a number of legislative and regulatory items that the group identified as warranting attention.
As banks eye the upcoming Dec. 31, 2019, deadline to invest in a qualified opportunity fund to get the maximum tax benefit, the Novogradac Journal of Tax Credits spoke with Barry Wides, deputy comptroller for community affairs at the Office of the Comptroller of the Currency (OCC).
Another affordable rental housing funding crisis is brewing–a crisis in the supply of private activity bonds (PABs). The crisis is one of demand, as well as one of choices.
News Briefs
California Gov. Gavin Newsom signed S.B. 451 into law Oct. 9 to create a state historic tax credit (HTC).
The Community Development Financial Institutions (CDFI) Fund Oct. 3 released an updated new markets tax credit (NMTC) application and NMTC application frequently asked questions document.
The New Home Energy Efficiency Act (S.B. 2595 and H.R. 4646) was introduced Oct. 15 and includes a provision to reinstate and increase the Internal Revenue Code Section 45L credit for energy efficient new homes.
The U.S.
The National Council of State Housing Agencies (NCSHA) released updated model forms Oct. 4 for low-income housing tax credit (LIHTC) compliance monitoring.