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Tax Extenders; Report on Tax Reform Options; Section 1602 Recapture Guidance; Upcoming Deadlines for NMTC Allocatees; Maryland Rehabilitation Tax Credit; Report on Renewable Energy Subsidies; Tax Credit Tidbits
On April 10, Rep. Charles B. Rangel, D-N.Y., introduced the Renters Tax Credit Act of 2014 (H.R. 4479). The act would provide a renter’s credit for low-income tenants that would be administered and implemented by state agencies through a public-private partnership with property owners and lenders...
On Aug. 21, the Internal Revenue Service (IRS) released Revenue Procedure 2014-49 and Revenue Procedure 2014-50. Both documents provide guidance about temporary disaster relief for qualified developments that were financed with low-income housing tax credits (LIHTCs) or tax-exempt bonds...
Super Committee Members; Tax Reform; Tax Exempt Bond Voluntary Closing Agreement Program; FHFA Comment Invitation; Calif. Redevelopment Agencies; Louisiana Housing Corporation; Health Food Financing Initiative; Maryland Historic Tax Credit; Army Energy Initiatives Office Task Force.
Now in its fourth edition, this booklet is an introduction to the basics of the Low-Income Housing Tax Credit (LIHTC) program. The Introduction to Low-Income Housing Tax Credits provides a brief but substantive look into the background and structure of the LIHTC. It gives readers an opportunity to learn the LIHTC players, credit types and how they are awarded, how to apply for credits, the role that bonds play, how the LIHTC is calculated, how transactions are financed and how to comply with LIHTC rules. The booklet can be a primer for real estate professionals who are considering entering the world of LIHTC projects or a resource for the new hires at companies that have years of experience investing in, lending to, consulting for or producing affordable rental housing. The fourth edition has been updated to reflect today’s LIHTC landscape and market conditions, including the effect of the prospect of comprehensive tax reform and the minimum 9 percent rate on the LIHTC as well as updates on state caps, compliance regulations and more. Charts and illustrations have also been refined and updated.
Introduction to Low-Income Housing Tax Credits
Now in its fifth edition, this booklet is an introduction to the basics of the Low-Income Housing Tax Credit (LIHTC) program. The Introduction to Low-Income Housing Tax Credits provides a brief but substantive look into the background and structure of the LIHTC.