Novogradac Journal of Tax Credits Volume 14 Issue 9

Abridged version of the September 2023 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.

Journal Cover September 2023

Articles

John Dejovine

Friday, September 8, 2023

Q When evaluating historic tax credit (HTC) term sheets, there are various economic terms for developers to understand–and they’re not always intuitive.

Brad Stanhope

Thursday, September 7, 2023

Rowena West was an outsider.“When I came into housing, the development space was like an old boys’ club,” said West, who is employed by the federal government while pursuing a career in affordable housing. “You would be in the [early stage] discussions, but when the team got into predevelopment, design and construction and all aspects of financing and creating the capital stack, the meeting doors were closed.”

Forrest D. Milder and Patrick Robertson

Wednesday, September 6, 2023

Over its more-than-four-decade history, the federal historic tax credit (HTC) has been responsible for enormous redevelopment across the country.  But it has also faced:a mix of adverse statutory and regulatory changes while other tax credit industries have seen favorable improvements, andthe difficulty of complying with the rules and regulations of two significant federal agencies, as well as local regulation, which varies across the 50 states.

Michael J. Novogradac

Tuesday, September 5, 2023

The use of federal historic tax credits (HTCs) across the nation demonstrates how well-designed and coordinated state and local financial incentives attract disproportionately more federal tax credit assistance to a given area. State HTCs are an example of such a subsidy. States with HTCs attract more federal HTCs. More federal tax credit assistance in a particular state equals greater levels of community development, economic activity and state and local tax revenues.

Alvin Lee

Thursday, August 31, 2023

The clean energy community received much-anticipated proposed guidance from the Internal Revenue Service (IRS) in June regarding two new options under the Inflation Reduction Act (IRA) of 2022 that allow tax-exempt and governmental entities to benefit from clean energy tax credits, namely elective pay and transferability.


News Briefs

Monday, September 11, 2023

New markets tax credits updates for September 2023, with news about federal legislation, CDFI Fund rule changes and requests for comment, and development updates in Minnesota and Puerto Rico.

Monday, September 11, 2023

Renewable energy tax credits news briefs for September 2023, including updates from the IRS, Boston Consulting Group and American Clean Power.

Monday, September 11, 2023

Historic tax credits news briefs for Septemebr 2023, including updates from Rhode Island, Illinois and more.

Friday, September 8, 2023

Department of Housing and Urban Development news briefs for September 2023, including a scoring notice and a development update in Ohio.

Thursday, September 7, 2023

Property compliance news briefs for September 2023, with updates from California and Mississippi.

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