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.


Friday, March 17, 2023

The U.S Department of Housing and Urban Development (HUD) released a memorandum describing changes made by the Violence Against Women Reauthorization Act of 2022, which took effect Oct. 1, 2022. The memo describes changes effective Oct. 1, 2022–including expanded definitions and the addition of the HUD Section 202 Direct Loan program to the list of covered programs. The memo also describes provisions enacted but not implemented, as well as additional information being sought.

Wednesday, March 15, 2023

A bill introduced in the Hawaii Legislature would require the Hawaii Housing Finance and Development Corporation to hold a minimum of two application periods per year for affordable housing financing, including the state low-income housing tax credit (LIHTC). H.B. 675 also would allow the application period for four state programs to be combined for administrative efficiency. There currently is one LIHTC application round per year in Hawaii.

Wednesday, March 15, 2023

Legislation introduced in the Montana House of Representatives would create a state low-income housing tax credit (LIHTC). H.B. 829 would create a workforce housing tax credit with an annual statewide cap of $1.5 million. The credit could be claimed over six years and would be effective for tax years beginning on or after Jan. 1, 2024, with a sunset date of Dec. 31, 2029. Similar legislation was passed by the Legislature in 2021 and vetoed by the governor.

Wednesday, March 15, 2023

Taxpayers earning less than $60,000 in a taxable year and who also receive New York’s historic barn rehabilitation tax credit (HTC) would be eligible for refundable credits under legislation introduced in the state Senate. S.B. 3582 would allow taxpayers earning $60,000 or less to receive a credit or refund for the amount of the barn HTC and those earning more than $60,000 would be allowed to carry the credit forward if desired.

Tuesday, March 14, 2023

The Community Development Financial Institutions (CDFI) Fund announced today that 197 community development entities (CDEs) applied for allocation in the calendar year (CY) 2022 round of the new markets tax credit (NMTC).

Monday, March 13, 2023

A bill introduced in the Hawaiian Legislature would allow developers to offer vacant units in low-income housing tax credit (LIHTC) properties set aside for supportive housing to other income-eligible tenants after reasonable attempts to rent the unit to a special-needs tenant. S.R. 49 emphasizes the need for supportive housing under the LIHTC, but cites the need for affordable housing of all types.

Monday, March 13, 2023

Legislation introduced in the Texas Senate would allow an occupancy preference for employees of school districts in which low-income housing tax credit (LIHTC) properties are built. S.B. 2328 would allow teachers and other employees of such school districts to receive preference if all other occupancy requirements are met under state and federal law. It would take effect Sept. 1.

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.