Novogradac Journal of Tax Credits Volume 13 Issue 2
Abridged version of the February 2022 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
Question: What are some structuring challenges when using the opportunity zones (OZ) incentive in a historic tax credit (HTC) development?
Nicola Viana’s article, “Six Ways to Support BIPOC Developers,” which appeared in the December 2021 Issue of the Novogradac Journal of Tax Credits, describes several ways to increase the number of Black, Indigenous and people of color (BIPOC) low-income housing tax credit (LIHTC) developers.
Q: When is the right time to start working on a new markets tax credit (NMTC) financial forecast?
Child support payments are considered a source of income and typically must be included when calculating income to determine household eligibility in properties financed by equity from low-income housing tax credits (LIHTCs). This includes all amounts received, even amounts received for children not in the household or no longer in the household.
We at Novogradac are regularly engaged by developers and property managers of low-income housing tax credit- (LIHTC-)financed properties, and their investors, to review tenant files. From this vantage point, we witness the high degree of property compliance across properties.
Historic tax credits news briefs for February 2022, including NPS certifications, development news and state legislation updates.
CDFI and OCC updates for the NMTC and CRA programs as of February 2022.
Renewable energy news briefs, including a personnel change and an American Clean Power report, for February 2022.
HUD news briefs for February 2022, including regulatory notices and project updates.
Property compliance news briefs from Kentucky, Washington, Florida, Minnesota, Montana and Alabama for February 2022.