Novogradac Journal of Tax Credits Volume 14 Issue 3
Abridged version of the March 2023 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
It is no secret that there is a homelessness crisis nationwide; especially in larger urban areas such as Los Angeles, which has garnered significant media attention nationwide.
A record $9.68 billion in equity investment was made in 2022 in qualified opportunity funds (QOFs) tracked by Novogradac.
On Jan. 7, 2021, the national average for a United States 30-year fixed mortgage rate hit a historic low of 2.65%, according to Primary Mortgage Market Survey data reported by Freddie Mac. Lower borrowing costs brought many renters into the home ownership market.
Total multifamily housing starts (for properties with five or more units) in 2021-2022 was the highest two-year total since 1985-1986, according to data from the U.S. Census Bureau. This recent influx of new properties is causing many in the affordable housing community to review recent trends in market rate multifamily rental rates and assess the derivative effects on low-income housing tax credit (LIHTC)-financed properties.
Question: What are final costs certifications and who requires them?
Historic tax credits news briefs for March 2023, with updates from Missouri, Florida, Utah, Virginia and more.
New markets tax credit news briefs for March 2023, with updates about federal legislation, the CDFI Fund, state legislation and more.
Renewable energy tax credit news briefs for March 2023, with updates from Texas and the solar developer Silicon Ranch.
Department of Housing and Urban Development news briefs for March 2023, including updates about the Blueprint for a Renters Bill of Rights, a HUD final rule and more.