Novogradac Journal of Tax Credits Volume 7 Issue 6
Articles
Like many rural areas across the country, the economy of Douglas, Ga., revolves around its natural resources. In this instance, it’s peanut farming. Premium Peanut, a newly formed organization, built a peanut-shelling facility to benefit a collection of 225 member farms in a cooperative-like arrangement. ...
The Erskine Green Training Institute in Muncie, Ind., is more than a vocational school–it’s a place where adults with disabilities can learn to reach their full potential. “The program itself is designed so perfectly for special needs adults,” said Jana Arbogast, whose son, Ethan, was a member of Erskine Green Training Institute’s first graduating class in March. “They go above and beyond to help students.” ...
When Sen. Maria Cantwell, D-Wash., and Sen. Orrin Hatch, R-Utah, introduced legislation May 19 that was highlighted by a 50 percent expansion of allocations of the federal low-income housing tax credit (LIHTC), it was more than a boost for the affordable housing community. It was also a strong show of bipartisan support for the LIHTC.
The numbers are in, and the good news is that the federal Historic Tax Credit (HTC) program, now celebrating its 40th anniversary, is healthy and growing. For the past five years, the Historic Tax Credit Coalition (HTCC) has worked very closely with the National Park Service (NPS) and Rutgers University’s Center for Urban Policy Research to track the use of the HTC and measure its economic impact. ...
The Community Development Financial Institutions (CDFI) Fund issued updated New Markets Tax Credit Certification, Compliance Monitoring and Evaluation Frequently Asked Questions (FAQ) in December 2015. The document included three FAQs related to the new restrictions included in the 2015 Notice of Allocation Availability (NOAA)
- 1 of 2
- next ›
News Briefs
The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced April 21 that it received 125 applications under the fiscal year (FY) 2016 round of the Capital Magnet Fund ...
On May 31, Rhone Resch retired as president and chief executive officer (CEO) of Solar Energy Industries Association (SEIA). Resch was with SEIA for 12 years and played a key role in securing policies that fostered the explosive growth of the U.S. solar industry ...
A bill to extend Alabama’s state HTC program until 2022 died May 9 without a vote in the Senate when Alabama’s legislative session ended. The bill, H.B. 62, was passed by the Alabama House of Representatives in April ...
The U.S. Department of Housing and Urban Development (HUD) released Fair Housing Act guidance April 4 for housing property managers and owners. ...
The California Tax Credit Allocation Committee (TCAC) released a placed-in-service checklist update April 19. The updated items include 1-01, the complete application; 3-01, total funds raised, costs associated with the syndication, total payment to the partnership and the pay-in schedule; 3-05, documentation of deeds of trust and other financing. The updated placed-in-service checklist is available at www.taxcredithousing.com.