Novogradac Journal of Tax Credits Volume 13 Issue 3
Abridged version of the March 2022 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
During the period of isolation and uncertainty of the COVID-19 crisis, one place people went for comfort was pets. Since the start of the pandemic, approximately one in five American households acquired a dog or cat, according to a poll conducted by the American Society for the Prevention of Cruelty to Animals.
Changes brought about by the COVID-19 pandemic hit nearly everything, including market studies for low-income housing tax credit (LIHTC) properties.
The annual U.S. inflation rate for 2021 was 4.7%, nearly a full percentage point above the previous peak (3.8% in 2008) in the years since 1993, when the low-income housing tax credit (LIHTC) became a permanent part of the tax code.
Investment in qualified opportunity funds (QOFs) tracked by Novogradac increased nearly 40% over the final six months of 2021–climbing from $17.52 billion to $24.40 billion.
The landscape for new markets tax credit (NMTC) equity in 2022 looks good–but there’s a possible hurdle.
Historic tax credit news briefs for March 2022, including updates about regulations, legislation, state awards and active projects.
March 2022 updates for new markets tax credits news briefs, including news from California and the Office of the Comptroller of the Currency.
Renewable energy tax credit news briefs for March 2022, including Department of Energy and American Clean Power updates.
U.S. Department of Housing and Urban Development news briefs for March 2022, including a safety-related notice and a letter about the valuation of rent comparability for nonshelter services.