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News

Thursday, October 18, 2018

Rep. Jimmy Panetta, D-Calif., this week introduced the Farmworker Housing Improvement Act of 2018, legislation that would reform the United States Department of Agriculture’s Section 514 and Section 516 farmworker housing programs to better align them with the Low-Income Housing Tax Credit program. H.R.

Wednesday, October 17, 2018

The National Low Income Housing Coalition and the Public Assisted Housing Research Corporation today released a report, “Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30.” The report, based on data from the National Housing Preservation Database and other sources, explores challenges in preserving low-income housing tax credit (LIHTC) properties and promoting mobility for low-in

Tuesday, October 16, 2018

The Internal Revenue Service posted a reminder that owners and operators of low-income housing tax credit (LIHTC) properties anywhere in the United States and its territories can provide temporary emergency housing to people displaced from their principal residences by a major disaster, regardless of income.

Tuesday, October 16, 2018

Sen. Dean Heller, R-Nev., this week introduced the Seniors Affordable Housing Tax Credit Act. S. 3580 would allocate tax credits to states, which would award them to owners or developers of rental property for low-income seniors. Seniors in those properties would pay no more than 30 percent of their income for rent and utilities and the property owner would receive a federal tax credit as compensation for potential loss.

Monday, October 15, 2018

Two organizations submitted letters concerning the Treasury Department’s ongoing review of proposed guidance for opportunity zones (OZs). Commerce officials from 12 states made a series of recommendations for OZ guidance, including a grace period for opportunity funds before being subjected to the 90 percent qualified property allocation test and the definition of “substantial improvement” of qualified OZ business property.

Friday, October 12, 2018

Ninety-eight percent of House of Representatives and U.S. Senate candidates who responded to a survey say they support the federal historic tax credit (HTC), according to Preservation Action, a national nonprofit advocacy organization.

Monday, October 8, 2018

An early release draft of the Internal Revenue Service’s (IRS’s) Form 3468 for the 2018 tax year indicates that the IRS will require taxpayers to claim the federal historic tax credit (HTC)–for projects not subject to transition rules made after tax reform–at a 4 percent rate per year over five years, beginning with the year it is placed in service.

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.