Novogradac Journal of Tax Credits Volume 12 Issue 7
Abridged version of the July 2021 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
Influence in affordable housing and community development comes in various forms. There are organizational leaders, elected representatives, thought leaders and more. What they have in common is significant: the ability and drive to use affordable housing, community development, historic preservation and renewable energy tax incentives to better the lives and communities of others.
Major developments in Columbus, Ohio, and Norfolk, Virginia, along with a senior property in rural Durango, Colorado, are among the winners in the Novogradac Journal of Tax Credits Developments of Distinction (DOD) Awards.
A one-stop service center for low-income special needs individuals in San Antonio and the only physical career and technical education high school in the Oglala Lakota Nation in South Dakota are among the winners of the 2021 Novogradac Journal of Tax Credits Community Development Qualified Low-Income Community Investment of the Year Awards.
Two former hospitals, an old high school and a foundry were all redeveloped into properties that received 2021 Novogradac Journal of Tax Credits Historic Rehabilitation Awards.
A key part of funding infrastructure is through the enhancement and expansion of existing Internal Revenue Code (IRC) community development and renewable energy tax incentives, as well as by creating new tax-based tools to address needs that existing incentives are not designed to address.
A new $35 million, 95,000-square-foot data center facility is in the works in Eatonville, Florida, with $6.5 million in new markets tax credit (NMTC) financing.
A report released May 13 by the America
The U.S. Department of Housing and Urban Development (HUD) announced May 17 the allocation of $5 billion in emergency vouchers to combat homelessness under the American Rescue Plan Act of 2021.
The California Tax Credit Allocation Committee (CTCAC) proposed changes to the language and dollar amounts for a slate of compliance violations in a May 20 letter to property owners and management agents of low-income housing tax credit (LIHTC) developments.