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December 1, 2012
Periodical News Brief
Novogradac & Company opened a new office in St. Louis, Mo. on Nov. 1.
June 1, 2011
Periodical News Brief
Fannie Mae released two white papers that outline the company's multifamily rental activities and the outlook for affordable rental housing and the small multifamily loan market.
September 6, 2018
Periodical News Brief
The Fundrise Opportunity Fund was launched by Fundrise LLC in mid-July. The company plans to raise $500 million by the end of 2019, with clients investing as little as $10,000. The investments will be used for projects in census tracts throughout the United States that were recently designated opportunity zones under the new federal tax law. The fund will concentrate on metropolitan areas starting with Los Angeles, Seattle, Washington, D.C., Atlanta and the San Francisco/Oakland area. 
Award Winner

Winner of the 2018 HTC Residential Development that best Exemplifies Major Community Impact

Award Winner
April 1, 2015
Periodical News Brief

U.S. Bank announced a $7.9 million investment Feb. 12 of historic tax credit (HTC) and new markets tax credit (NMTC) equity for the renovation of former Goodyear Hall and the Ohio Savings and Bank Trust buildings into a mixed-use development in Akron, Ohio. ...

July 1, 2014
Periodical News Brief

On May 14, the Colorado Job Creation and Main Street Revitalization Act (H.B. 14-1311) was signed into law. The bill provides an income tax credit for rehabilitation costs for the preservation of historic structures. For commercial properties, the tax credit amount is 25 percent of qualified...

June 1, 2012
Periodical News Brief

Twenty lenders were approved to participate in the U.S. Department of Housing and Urban Development's (HUD's) Multifamily Low Income Housing Tax Credit Pilot program.

March 1, 2016
Periodical News Brief

The Office of Inspector General (OIG), Department of the Treasury released the audit report, OIG-16-026 Domestic Assistance Recovery Act: Audit of North Dakota Housing Finance Agency’s Payment Under 1602 Program, on Jan. 5. As part of its ongoing oversight of the Department of the Treasury’s payments to states for low-income housing properties in lieu of low-income housing tax credits (LIHTCs) for 2009, OIG conducted an audit of awards made to the North Dakota Housing Finance Agency (NDHFA). OIG found that NDHFA complied with Treasury’s program terms and conditions, and that NDHFA met the applicable requirements for receiving its $7.4 million award, as well as requirements for sub-awarding funds to eligible low-income housing developments. The audit report is available at www.taxcredithousing.com.

October 1, 2011
Periodical News Brief

The Internal Revenue Service (IRS) announced in a press release that it will provide tax relief to certain taxpayers in designated areas that were impacted by Hurricane Irene

January 1, 2014
Periodical News Brief

On Nov. 15, the U.S. Department of Housing and Urban Development (HUD) designated difficult development areas (DDAs) for 2014. Qualified census tracts (QCTs) published on April 20, 2012 remain in effect. The notice also announced a change in the designation methodology

January 18, 2017
Blog Article
November 1, 2014
Periodical News Brief

On Oct. 3, the U.S Department of Housing and Urban Development (HUD) published the fiscal year (FY) 2015 fair market rents (FMRs). HUD uses FMRs to determine payment standard amounts for the Housing Choice Voucher program...

October 1, 2015
Periodical News Brief

The U.S. Department of Housing and Urban Development (HUD) released the fiscal year 2016 (FY 2016) proposed fair market rents (FMRs) Sept. 3. FMRs are used to determine payment standards for the Housing Choice Voucher (HCV) program. ...

September 1, 2017
Periodical News Brief

The Office of the Comptroller of the Currency (OCC) announced Aug. 2 that it is seeking public comment on revising the Volcker Rule, the final regulation implementing Section 619 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010. The OCC is specifically seeking public input on whether certain aspects of the implementing regulation should be revised to better accomplish the purposes of Section 619 while decreasing the compliance burden on banking entities and fostering economic growth. Input on ways to tailor the rule’s requirements and clarify key provisions that define prohibited and permissible activities is also invited. The OCC requests that respondents provide any comments within 45 days of publication in the Federal Register.

May 1, 2012
Periodical News Brief

The Federal Housing Finance Agency (FHFA) released the 2012 Conservatorship Scorecard, which includes specific objectives and timetables for Fannie Mae.

August 1, 2014
Periodical News Brief

On June 17, the Federal Home Loan Bank of Atlanta announced the award of approximately $24.5 million of 2014 Affordable Housing Program (AHP) funds for 3,590 affordable housing units in 60 affordable housing developments. Awards range from $500 to $28,200 per ...

October 2, 2017
Periodical News Brief

The Office of the Comptroller of the Currency (OCC) released Aug. 29 its fourth quarter 2017 and first quarter 2018 Community Reinvestment Act (CRA) evaluation schedule. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA. The OCC will consider all public comments received before the close of the CRA evaluation. The CRA evaluation schedule is available at www.novoco.com/cra. The OCC released Sept. 1 a list of CRA performance evaluations for August. The evaluations are for national banks, federal savings associations and insured federal branches of foreign banks. Of the 27 evaluations released, seven rated as outstanding, 19 rated as satisfactory and one rated as needs to improve. A full list of the evaluations is available at www.occ.gov.

May 1, 2014
Periodical News Brief

On March 27, Rep. Maxine Waters, D-Calif., Ranking Member of the Financial Services Committee, released the Housing Opportunities Move the Economy (HOME) Forward Act of 2014. The legislation would create a secondary mortgage market reform and end Fannie Mae and Freddie Mac...