August 19, 2008

Published by Michael Novogradac on Tuesday, August 19, 2008 - 11:00am

Today is Tuesday, August 19th, 2008. This week we’ll review the updated NMTC regulations that the IRS released on August 8th. We’ll also discuss the New Markets Tax Credit Coalition’s 50 Projects - 50 States Project. Finally, we’ll talk about a recent finance agreement in Puerto Rico that the Department of Housing and Urban Development (HUD) describes as the largest single equity investment in the 22-year history of the Low-Income Housing Tax Credit program. I also have a reminder for affordable housing professionals who want to learn more about the impact of the momentous housing stimulus legislation that was enacted into law last month.