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Novogradac Journal of Tax Credits Volume 3 Issue 2

The February 2012 issue of the Novogradac Journal of Tax Credits.

Journal cover February 2012

Articles

Michael J. Novogradac

Wednesday, February 1, 2012

The inability of lawmakers to agree last year on how to pay for a year-long extension of the payroll tax holiday came with a thin silver lining for the affordable housing, community development and renewable energy communities: a conference committee that has been formed to create another piece of tax extension legislation that will likely be passed by February 29. That legislation would extend the payroll tax holiday, unemployment insurance and other provisions that expire at the end of February.

Rodney C. Sommers

Wednesday, February 1, 2012

Question: After the end of the 15-year compliance period, can a low-income housing tax credit (LIHTC) property using the Housing and Economic Reform Act of 2008 (HERA) special income limits still use the HERA special income limits if a new allocation of credits is received?

John Leith-Tetrault

Wednesday, February 1, 2012

With the February 13 deadline approaching for comments on the Volcker Rule, (Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act), History and the Hill has learned that the National Trust for Historic Preservation and Novogradac and Company LLP are preparing to release the first ever historic tax credit (HTC) recapture study. The timing couldn't be better and the findings on HTC investor recapture experience are very good news for the industry.

Tony Grappone, Novogradac & Company LLP RETC Working Group

Wednesday, February 1, 2012

Question: How will developers whose renewable energy projects are not safe-harbored structure their deals and raise financing now that the Section 1603 grant has expired?


News Briefs

Wednesday, February 1, 2012

Estimates from American Community Survey (ACS) data published in December show that people living in poverty tend to be clustered in certain neighborhoods rather than evenly distributed across geographic areas

Wednesday, February 1, 2012

The Kentucky Housing Corporation (KHC) announced changes that affect owners or managers that participate in affordable rental housing programs requiring annual performance reporting (APR) packets to be submitted to KHC's compliance department.

Wednesday, February 1, 2012

The U.S. Department of Housing and Community Development (HUD) provided $2.4 million to help public housing agencies supply permanent housing and case management for homeless veterans.

Wednesday, February 1, 2012

Michigan Gov. Rick Snyder enacted legislation in December to create incentive programs that will provide $100 million for competitive projects throughout the state.

Wednesday, February 1, 2012

Federal bank regulatory agencies announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association required by the Community Reinvestment Act (CRA).

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