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News

Thursday, March 21, 2019

The U.S. Department of Housing and Urban Development’s (HUD’s) Real Estate Assessment Center (REAC) inspections of HUD-assisted or HUD-insured multifamily housing need improvement, according to a report issued today by the Government Accountability Office (GAO). The GAO report makes 14 recommendations, focused on how REAC selects, trains and monitors contractors who perform the inspections.

Thursday, March 21, 2019

A bipartisan group of 34 state representatives introduced legislation in the North Carolina House of Representatives to extend and expand the state historic tax credit (HTC). H.B. 399 would extend the HTC sunset date from Jan. 1, 2020, to Jan. 1, 2030, and would increase the maximum amount of qualified rehabilitation expenses eligible for the 15 percent and 10 percent state HTC.

Wednesday, March 20, 2019

Legislation to extend the state New Markets Tax Credit program 18 months has passed both houses of the state Legislature in Mississippi and awaits the signature of Gov. Phil Bryant. S.B. 2598 would extend the program until July 1, 2021. It currently is set to expire Jan. 1, 2020. Bryant has until Thursday to veto the bill. If he signs it or takes no action, it becomes law.

Tuesday, March 19, 2019

The Oklahoma Department of Commerce announced Monday that it will use priority enterprise zones (PEZs) created in the Oklahoma Enterprise Zone Act to attract capital to federal opportunity zones (OZs) in the state.

Tuesday, March 19, 2019

Six U.S. Senators have formally asked the Internal Revenue Service (IRS) to clarify that housing developments for veterans still qualify for private activity bonds (PABs). Sens.

Monday, March 18, 2019

Legislation in the Maryland state Senate to provide a 5 percent bonus for state historic tax credit (HTC) properties in opportunity zones (OZs) advanced from the Budget and Taxation Committee. S.B. 656 is a companion bill to legislation introduced in the House of Representatives. The legislation would expand projects eligible for the 5 percent increase to include OZs.

Monday, March 18, 2019

The Advisory Council on Historic Preservation will hold its quarterly business meeting April 4 at 8:30 a.m. in the Russell Senate Office Building in Washington, D.C. The agenda includes the transition to a full-time ACHP chair and issues concerning Section 106 of the National Historic Preservation Act. Meetings are open to the public.

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.