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February 6, 2018
Podcast
Continuing Resolution, Debt/Statutory Limit; Infrastructure; CPI Changes; Ongoing Tax Extenders Talks; Atlantic’s CityLab Report; Novogradac & Company Opportunity Zone Resource Center; Colorado Affordable Housing Tax Credit Program.
March 1, 2019
Periodical News Brief
The Greater Cleveland Partnership (GCP) released its nonpartisan 2019-2020 Public Policy Agenda Feb. 1. The document is a guide that outlines the top policy priorities of its members for the next two years. This includes the call to create a statewide opportunity zones (OZ) incentive to complement the federal incentive in underserved communities. The mission of the GCP is to mobilize private-sector leadership, expertise and resources to create attractive business conditions that create jobs, grow investment and improve economic prosperity in the region. 
November 1, 2019
Periodical News Brief
The Internal Revenue Service (IRS) published a draft Form 8997 Sept. 27 for the initial and annual statement of qualified opportunity fund (QOF) investments. An investor will use Form 8997 to inform the IRS of the QOF investments and deferred gains held at the beginning and end the current tax year, as well as any capital gains deferred and invested in a QOF and QOF investments disposed of during the current tax year. The draft form is available at www.opportunityzonesresourcecenter.com.
April 1, 2019
Periodical News Brief
Legislation was introduced in Ohio Feb. 20 to create a nonrefundable 1 percent tax credit for investments of $250,000 or more in Ohio qualified opportunity funds, which must hold 100 percent of their assets in Ohio opportunity zones (OZs). This proposal is scaled back from legislation introduced last year that would have provided a 10 percent tax credit. S.B. 8 includes an additional credit equal to 2 percent of the investment if there are sufficient estimated increased tax collections for projects funded by the opportunity fund. Unused credit could be carried forward five years. The bill is available at www.opportunityzonesresourcecenter.com.
December 2, 2019
Periodical News Brief
The Internal Revenue Service released Oct. 31 a draft of Form 8996, which is used by qualified opportunity funds (QOFs).
October 1, 2019
Periodical News Brief

The U.S. Department of Housing and Urban Development (HUD) announced Aug. 9 that the Federal Housing Administration (FHA) will insure mortgages on mixed-use development in OZs under the agency’s Section 220 program. In a speech, HUD Secretary Ben Carson said FHA can be a key partner for developers in OZs. The HUD Section 220 program insures lenders against loss on mortgage default.

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September 3, 2019
Periodical News Brief
A report issued July 15 by the Multifamily Research Center at Freddie Mac found that the percentage of multifamily rental units affordable to very low-income (VLI) households fell from 56 percent in 2010 to 39 percent in 2017, representing a loss of 2.4 million affordable rental homes. The report, “Diminishing Affordability–Inescapable,” also said that metropolitan areas with the greatest population growth experienced a greater loss in the share of rental homes affordable to VLI households.
May 2, 2017
Periodical News Brief
On March 14, the Haas Institute released the study, “Opportunity, Race, and Low-Income Housing Tax Credit Projects: An Analysis of LIHTC Developments in the San Francisco Bay Area,” which comprehensively analyzes the administration of the Low-Income Housing Tax Credit (LIHTC) program. The Haas Institute examined LIHTC properties in the San Francisco Bay Area, and results showed that developments financed by the LIHTC in the Bay Area were relatively well distributed across boundaries of opportunity. According to the report, nearly two-thirds of LIHTC developments (64.9 percent) in the nine-county area were sited in moderate, low-, and very-low-opportunity neighborhoods during the years for which data was available (1987-2014). In addition, the Haas Institute stated that 9 percent credits were more frequently used to create housing in high-opportunity neighborhoods than 4 percent credits. However, more than 45 percent of large family developments were sited in low- and very-low-opportunity areas, with these types of properties disproportionately placed in low-opportunity areas where resources for families with children are inadequate to support healthy development and upward mobility. In addition, results indicate that 9 percent LIHTC developments are sited in neighborhoods that are not racially integrated; on a ratio of 3.78-to-1 basis, and 9 percent developments were sited in neighborhoods where 50 percent or more of the population were people of color. The report is available at www.taxcredithousing.com.
April 1, 2019
Periodical News Brief
Ben Carson, secretary of the U.S. Department of Housing and Urban Development (HUD), announced Feb. 21 his pledge to work with homebuilders to tackle the nation’s affordability crisis. During his address to the National Association of Home Builders board of directors during its annual meeting in Las Vegas Feb. 19-21, Carson announced that HUD’s Office of Multifamily Housing programs is expanding the Low Income Housing Tax Credit pilot program into the agency’s New Construction and Substantial Rehabilitation loan products. This is expected to make it easier for builders to use FHA-insured loans to finance low-income housing tax credit developments. As chairman of the White House Opportunity and Revitalization Council, Carson spoke about opportunities for builders and other private sector participants to invest in opportunity zones (OZs). Developers may use a qualified opportunity fund to help finance developments that could help increase residential housing within OZs.
November 1, 2010
Periodical News Brief

The New Hampshire Community Development Finance Authority (CDFA) awarded more than $4 million to a dozen organizations to further their affordable housing and economic development programs.

June 3, 2019
Periodical News Brief

Herb Collins, co-founder of Boston Capital, died in March after a lifetime of contributions to affordable housing. Collins co-founded Boston Capital in 1974 and championed the passage of the low-income housing tax credit (LIHTC) in 1986. Collins was 89.