Novogradac & Company LLP provides online resource centers that present the most comprehensive and up-to-date information for the affordable housing and community development industries.

News

Thursday, May 28, 2020

The National Low-Income Housing Coalition and the Public and Affordable Housing Research Corporation today released a report that highlights the need for additional resources for affordable housing, saying nearly 300,000 affordable homes could be lost in the next five years.

Thursday, May 28, 2020

The Community Development Financial Institutions (CDFI) Fund will publish in Friday’s Federal Register a notice opening the fiscal year 2020 round for the Capital Magnet Fund (CMF). Through the CMF, the CDFI Fund will award up to $173.8 million in grants to CDFIs and nonprofit organizations to finance affordable housing and related economic development and community service facilities.

Thursday, May 28, 2020

The U.S. Small Business Administration, in consultation with the U.S. Treasury, announced today it is setting aside $10 billion exclusively for community development financial institutions (CDFIs) to lend under the second round of funding for the Paycheck Protection Program (PPP). The PPP is a forgivable loan program that provides small businesses emergency capital during the COVID-19 pandemic.

Wednesday, May 27, 2020

The Internal Revenue Service today issued a notice to extend the continuity safe harbor for renewable energy production tax credit (PTC) and investment tax credit (ITC) properties that began construction in 2016 or 2017. Notice 2020-41 adds an extra year to the four-year continuity safe harbor in existing guidance, stating that those projects placed in service within five years will be deemed continuous.

Friday, May 22, 2020

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released an outline of policies to preserve and expand affordable housing that he will push to have included in the next round of COVID-19 relief legislation–including several provisions related to the low-income housing tax credit (LIHTC).

Friday, May 22, 2020

Three Republican senators sent a letter Thursday to Treasury Secretary Steven Mnuchin, asking for relief from certain requirements for renewable energy investment tax credit (ITC) and production tax credit (PTC) properties due to the COVID-19 pandemic.

Thursday, May 21, 2020

The Internal Revenue Service will publish in tomorrow’s Federal Register proposed amendments to Treasury Regulation 1.47-7 concerning the historic tax credit (HTC), including rules to coordinate the new five-year period over which the credit may be claimed with other special rules for investment credit property.

Industry-Leading LIHTC Guide
The Low-Income Housing Tax Credit Handbook is the authoritative guide for affordable rental housing owners, developers, managers and investors, and the professionals who counsel them.
Comprehensive NMTC Insights and Information
From application and financing to development and compliance, the Novogradac New Markets Tax Credit Handbook is your definitive guide to the new markets tax credit (NMTC).
Essential Historic Rehabilitation Resource
The Novogradac Historic Rehabilitation Handbook contains the most current guidance on rehabilitating historic properties with the historic tax credit.