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Novogradac Journal of Tax Credits Volume 15 Issue 5

Abridged version of the May 2024 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.

Journal Cover May 2024


John Dejovine

Tuesday, May 7, 2024

Question: What should historic tax credit (HTC) developers know about using bridge loans to fill financing gaps?

Thomas Stagg

Monday, May 6, 2024

The U.S. Department of Housing and Urban Development (HUD) issued April 1 the fiscal year (FY) 2024 income limits. The income limits are used by HUD programs such as Section 8. HUD also released a set of income limits specific to Multi Family Tax Subsidy Projects (MTSP) that is used for properties financed by low-income housing tax credits (LIHTCs) and tax-exempt bonds.

Stockton Williams

Friday, May 3, 2024

State housing finance agencies (HFAs) in recent years have taken extraordinary steps in response to unprecedented cost increases in affordable apartment construction. They have helped secure billions in additional funding from the federal government and many state legislatures, created an array of new gap-filling programs across the country and provided substantial cost-saving regulatory and administrative flexibilities to developers and their properties.

Mark O’Meara

Thursday, May 2, 2024

The opportunity zones (OZ) incentive is a powerful tool used to finance community development. Qualified opportunity funds (QOFs) tracked by Novogradac have raised nearly $38 billion since the inception of the incentive in 2017. However, it is expected that actual OZ investment is greater than the Novogradac total by a figure of three or four times.

Michael J. Novogradac

Wednesday, May 1, 2024

Rising construction costs and operating expenses, paired with volatile interest rates, are creating ever-greater headwinds for affordable multifamily rental housing developers. These headwinds come amid increasing competition for private activity bonds (PABs), a key funding tool, and the multiyear phasing out of accelerated tax losses.

News Briefs

Tuesday, May 7, 2024

New markets tax credits news briefs for May 2024 from the CDFI Fund and the states of Mississippi, Minnesota, Pennsylvania and more.

Tuesday, May 7, 2024

Renewable energy tax credit news briefs for May 2024 about guidance and analysis related to the Inflation Reduction Act and the Energy Credits Online (ECO) portal.

Tuesday, May 7, 2024

Historic tax credit news briefs for May 2024 from Maine, Rhode Island, Florida, Arkansas and more.

Monday, May 6, 2024

U.S. Department of Housing and Urban Development news briefs for May 2024 from the agency itself as well as the states of Maryland and Ohio.

Friday, May 3, 2024

Property compliance news briefs from Maryland and the U.S. Department of Housing and Urban Development.

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