Articles of Interest
March 18, 2020
ACTION: Recommendations to Congress for COVID-19 Relief Package Related to the Low-Income Housing Tax Credit
The Low-Income Housing Tax Credit (Housing Credit) finances more than 90 percent of all affordable housing production and preservation. The health of the program is critical for the housing stability of millions of low-income families. The rest of the story...
March 16, 2020
Novogradac Offers COVID-19 Resources for Affordable Housing, Community Development and Renewable Energy Communities
Novogradac has a new web page with legislation, guidance and other information on how federal and state responses to the COVID-19 pandemic affect affordable housing, community development and renewable energy communities. The rest of the story...
March 13, 2020
Novogradac: Affordable Housing Credit Improvement Act Co-Sponsored by Most of House
Four members of the House of Representatives co-sponsored the Affordable Housing Credit Improvement Act (H.R. 3077). The rest of the story...
March 12, 2020
Rubio Introduces Bill Including LIHTC Set-Aside for Single-Family Homes in QCTs
Sen. Marco Rubio, R-Fla., today introduced the Home Advantage for American Families Act. The rest of the story...
posted on TALHFA.org March 12, 2020
NLIHC: The Gap: A Shortage of Affordable Rental Homes
Shortage of 7 Million Affordable Homes for Nation’s Lowest-Income Renters
NLIHC released today its annual report, The Gap: A Shortage of Affordable Homes, which finds a shortage of seven million affordable and available rental homes for extremely low-income renters, those who have incomes at or below the poverty level or 30% of their area median income.The rest of the story...
March 10, 2020
Novogradac: Population Growth Slows, but Temporary Cap Increase Boosts Ceiling for LIHTC
Published by Michael Novogradac
The Internal Revenue Service recently released the population figures used to calculate calendar year 2020 low-income housing tax credit (LIHTC) and private activity bond (PAB) limits for all 50 states, Washington, D.C., and U.S. territories (see Notice 2020-10). The rest of the story...
March 4, 2020
Novogradac: What Tax Policy Center Gets Wrong about LIHTC, NMTC, HTC, and OZs and Why it Matters
Published by Peter Lawrence
The Tax Policy Center (TPC) recently released a paper titled "Are Tax Expenditures Worth the Money?" that critically misunderstands housing and community development tax incentives and as a result mischaracterizes their value. The rest of the story...
February 17, 2020
Novogradac: What You Need to Know About HUD’s FY 2020 Income Limits
Published by Thomas Stagg
It’s that time of year again: the countdown phase for the release of the 2020 U.S. Department of Housing and Urban Development (HUD) income limits. Looking ahead, here are some key questions and answers about the income limits. The rest of the story...
February 10, 2020
Bracewell’s Elizabeth Bowes Appointed to Women in Public Finance National Board
Women in Public Finance has appointed Elizabeth Bowes, a partner in Bracewell LLP’s Austin office, to its National Board for 2020. Bowes previously served on the Executive Council of the Women in Public Finance’s Texas Chapter and as chapter president in 2017. The rest of the story...
Affordable Housing Finance: 10 Red Flags for Year 15 Deals
Learn the warning signs that your project may be headed for a dispute as it nears the end of its compliance period.
By David A. Davenport
Every year, a new group of apartment complexes financed with low-income housing tax credits (LIHTCs) march closer to the end of their Year 15 compliance periods. The rest of the story...
December 17, 2019
Affordable Housing Finance: LIHTC Provisions Left Out of Tax Deal
Advocates will have to try again for a 4% credit fixed rate and other changes.
By Christine Serlin, Donna Kimura
The affordable housing industry narrowly missed getting a permanent 4% low-income housing tax credit (LIHTC) rate. It is an especially frustrating loss because the permanent 4% rate was included in the plan late in the negotiations. The rest of the story...
December 17, 2019
Affordable Housing Finance: IRS Sets 2020 LIHTC, Bond Caps
The minimum credit amount increases to $3,217,500.
The Internal Revenue Service has announced an increase in the low-income housing tax credit (LIHTC) and private-activity bond caps for 2020.The amount used to calculate the state credit ceiling for LIHTCs will be the greater of $2.8125 multiplied by the state population, a 2% increase over this year, or the small state minimum of $3,217,500, a $50,625 increase over this year.The rest of the story...