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Novogradac Journal of Tax Credits Volume 2 Issue 2

The February 2011 issue of the Novogradac Journal of Tax Credits.

Journal cover February 2011

Articles

Michael J. Novogradac

Tuesday, February 1, 2011

The 112th Congress convened in early January and the topics of tax reform, deficit reduction and fiscal policy were front and center as lawmakers discussed goals and priorities for the year. As the affordable housing, community development and renewable energy communities chart their legislative courses for 2011 it is important to understand the challenges they will likely face amidst political climate change.

Peter Lawrence

Tuesday, February 1, 2011

By the time you read this column, the Obama Administration will have (or at least should have, according to congressional mandate) released its plan to reform the U.S. mortgage finance system, with much of the focus, attention and controversy on how the plan proposes to restructure the two titans of mortgage finance: Fannie Mae and Freddie Mae, also known as housing government sponsored enterprises (GSEs).

Mark Shelburne

Tuesday, February 1, 2011

While the low-income housing tax credit (LIHTC) industry has spent a great deal of time discussing stimulus funding, from a long-term perspective the more consequential legislation was enacted a year before the American Recovery and Reinvestment Act.

Charlie Rhuda, CPA

Tuesday, February 1, 2011

Question: What can cause recapture of federal rehabilitation (historic) tax credits? How is recapture calculated?

Forrest D. Milder

Tuesday, February 1, 2011

As ably discussed by my friend John Leith Tetrault in this issue of the Journal, the Tax Court delivered something of a blockbuster decision right at the start of 2011. 


News Briefs

Tuesday, February 1, 2011

The Securities and Exchange Commission (SEC) approved a proposed rule to expand its definition of "municipal advisors" to include the appointed board members of housing and other government finance agencies.

Tuesday, February 1, 2011

The U.S. Department of Housing and Urban Development (HUD) now requires owners and managers of properties with project-based Section 8 rental assistance contracts or Section 202 or 811 project rental assistance contracts to obtain Dun and Bradstreet Numbering System (DUNS) numbers and to register in the Central Contractor Registration (CCR).

Tuesday, February 1, 2011

The U.S. Department of Housing and Urban Development (HUD) last month announced fiscal year (FY) 2010 Section 8 Housing Choice Voucher (HCV) program funding awards to public housing agencies.

Tuesday, February 1, 2011

Colorado Gov. Bill Ritter announced two programs that will finance energy efficiency improvements in the state's commercial buildings and renewable energy businesses.

Tuesday, February 1, 2011

Enterprise Community Investment and Citi Community Capital closed on a combined $25 million new markets tax credit (NMTC) transaction to finance the construction of a new facility for the Whittier Street Health Center in Boston, Mass.

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