Recent News
In a Notes from Novogradac blog post, Michael J. Novogradac, discusses how the opportunity zones guidance issued today by Treasury provides answers to many questions and includes information that will help guide investors, fund managers and others.
The California Debt Limit Allocation Committee (CDLAC) today asked potential applicants, project sponsors or related parties for upcoming low-income housing tax credit applications to complete a demand survey. The survey is not mandatory, but will help CDLAC prepare the 2019 reservations for various tax credit pools. Completed demand surveys should be emailed to cdlac@treasurer.ca.gov by Nov.
The U.S. Department of Housing and Urban Development today released the list of difficult development areas (DDAs) and qualified census tracts (QCTs) for 2019 for the low-income housing tax credit (LIHTC). DDAs and QCTs are eligible for as much as a 30 percent basis boost while receiving the LIHTC.
The Treasury Department today released the first tranche of proposed guidance for the opportunity zones (OZ) incentive, addressing gains invested in qualified opportunity funds. Treasury also released a related revenue ruling. Treasury will accept comments for 60 days.
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.
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