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Tax Credits Housing Developers

ASKramer Law

Energy Tax Credits for a New World Part VII: Low-Income Communities Bonus Credits

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What is the Low-Income Communities Bonus Credit? The Low-Income Communities Bonus Credit available through the Inflation Reduction Act of 2022 (IRA) is designed to increase the siting of, and access to renewable energy...more

Husch Blackwell LLP

Proposed Federal Legislation Aims to Address Underutilized Commercial Real Estate

Husch Blackwell LLP on

Earlier this summer, bipartisan legislation was introduced in the U.S. House of Representatives aimed at spurring the redevelopment of existing underutilized or vacant commercial properties and converting them for residential...more

Sullivan & Worcester

Housing Bill Becomes Law, But It’s Not Just About Housing

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On Tuesday, August 6th, Governor Healey signed into law House Bill 4977, “An Act relative to the Affordable Homes Act.” The 181-page Bill provides for $5.1 billion in capital funding to support housing production and...more

Seyfarth Shaw LLP

House Representatives Introduce Bipartisan Bill to Facilitate Residential Conversions of Buildings

Seyfarth Shaw LLP on

On July 12, 2024, a bipartisan bill was introduced in the U.S. House of Representatives titled the “Revitalizing Downtowns and Main Streets Act” (H.R. 9002) (the “Bill”), which, if enacted, will provide an investment tax...more

Polsinelli

Colorado General Assembly Passes Trendsetter Affordable Housing Initiatives

Polsinelli on

Colorado’s General Assembly passed two bills this legislative session dedicated to improving the state of affordable housing in Colorado. HB24-1316 and HB24-1434 aim to supplement the State’s oversubscribed affordable housing...more

Pullman & Comley - For What It May Be Worth

Connecticut Bill Aims to Incentivize Commercial to Residential Building Conversions

National and local news has been replete with stories discussing the challenges and benefits of converting underutilized commercial properties such as office buildings into needed housing.  A recently introduced bill pending...more

Bilzin Sumberg

Live Local Act 2024 vs 2023 - Everything You Need to Know

Bilzin Sumberg on

Yesterday, the Florida Senate on the opening day of legislative session unanimously passed by a vote of 40 to 0, Senate Bill 328 also known as the “Live Local Act 2024”. SB328 is in response to a mix of reactions to the...more

Pillsbury - Gravel2Gavel Construction & Real...

Bill Proposes First-Ever Federal Workforce Housing Tax Credit for Middle-Class Housing

Legislation was recently introduced to the U.S. Senate and House of Representatives proposing the creation of the first-ever Workforce Housing Tax Credit (WHTC) for middle-income housing developments....more

Orrick, Herrington & Sutcliffe LLP

Tax-Exempt Bond Financing for Middle-Income Housing

As housing costs have risen in the first part of the 21st century, American households have struggled to compete for high-quality housing near areas of employment in major cities, suburbs, exurbs and rural areas (especially...more

Harris Beach PLLC

New York Gov. Hochul Announces Aggressive, Statewide New Housing Strategy

Harris Beach PLLC on

On Tuesday January 10, 2023, New York Governor Kathy Hochul announced an ambitious, strategic plan to address New York’s statewide housing shortage. The proposal, called the New York Housing Compact (“Housing Compact”),...more

Allen Matkins

Sustainable Development and Land Use Update - July 2022 #3

Allen Matkins on

State Supreme Court decision could complicate CEQA review of certain housing projects - San Francisco Chronicle – July 14 - The state Supreme Court has left intact a ruling by the First District Court of Appeal that rejected...more

Lasher Holzapfel Sperry & Ebberson PLLC

Revitalizing Downtowns Act and Other Efforts to Resuscitate Downtown Areas in the Post-COVID Era

The Revitalizing Downtowns Act was introduced in Congress this summer with the goal of converting unused or outdated office buildings into residential or mixed-use spaces. The goal of this legislation is to amend the tax code...more

Cozen O'Connor

Broad Street Brief: As Gun Violence Surge Continues, City Council Considers Proactive Measures to Reduce Harm

Cozen O'Connor on

As Gun Violence Surge Continues, City Council Considers Proactive Measures toReduceHarm - With a historic surge in gun violence continuing through the start of the fall, City Council is now aiming to take proactive measures...more

Pillsbury - Gravel2Gavel Construction & Real...

2019 Affordable Housing Credit Improvement Act Gains Steam with Bipartisan Support

As 2019 winds down, the Affordable Housing Credit Improvement Act of 2019 is gaining momentum in Congress. The Act, which is aimed at expanding and strengthening the low-income housing tax credit, was originally introduced in...more

Holland & Hart LLP

Nevada Legislative Update - August 2019

Holland & Hart LLP on

The Nevada State Legislature’s 80th regular session made history with the first female majority in the nation. This session focused on issues such as healthcare, energy, construction, and employment. ...more

Sheppard Mullin Richter & Hampton LLP

California State Budget Summary: Allocations for Housing and Homelessness

On June 26, 2019, California Governor Gavin Newsom signed the Fiscal Year 2019-20 State Budget into law. The State’s fiscal year begins July 1st and funding will be available by end of July 2019. The approved budget allocates...more

Rosenberg Martin Greenberg LLP

New Legislation Proposed to Lower Threshold for Projects to Qualify for Baltimore City's High-Performance Market-Rate Rental...

On May 9th, Councilman Bill Henry introduced CCB #19-389, which proposes to modify the number of rental units required to qualify a multi-family dwelling project for the City’s High-Performance Market-Rate Rental Housing Tax...more

Rosenberg Martin Greenberg LLP

Newly Constructed Dwelling Unit Property Tax Credit Due to Expire on June 30, 2019

Expiring opportunity to obtain significant reductions in property taxes for newly constructed or substantially rehabilitated homes in Baltimore City - Time is running out for buyers of newly constructed homes to obtain a...more

Miles & Stockbridge P.C.

Income Averaging Set-Aside – Opportunities and Risks

The Consolidated Appropriations Act of 2018, which was signed into law on March 23, 2018, included two provisions affecting the low-income housing tax credit (“LIHTC”) program. One provision temporarily increased the total...more

Parker Poe Adams & Bernstein LLP

CDFI Fund Issues $3.5 Billion Notice of Allocation for New Markets Tax Credits

The annual application period has opened for businesses and other organizations that want to invest in distressed communities with the help of federal tax credits. This week, the Community Development Financial...more

Miles & Stockbridge P.C.

Bipartisan Budget Bill Improves LIHTC Program

The corporate rate reductions included in the Tax Cuts and Jobs Act decreased the value of the Low-Income Housing Tax Credit (“LIHTC”) projects because a significant portion of an investor’s return is composed of federal...more

Sheppard Mullin Richter & Hampton LLP

Real Estate Aspects of Tax Reform

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the most extensive overhaul of the United States tax regime in over thirty years. The new tax laws will have a significant impact upon...more

Ballard Spahr LLP

Tax Reform Actualized and the Impact on Affordable Housing and Community Development

Ballard Spahr LLP on

As we know, the President has signed what was originally titled Tax Cuts and Jobs Act, the most significant overhaul to the U.S. Tax Code since 1986. The President signed the Act into law after the first of the year in order...more

Downs Rachlin Martin PLLC

News from the Vermont State House - An analysis from DRM's Government & Public Affairs Team

PFOA Contamination Likely to Spur Legislative Action - The discovery of Perfluorooctanoic Acid contamination in southern Vermont drinking water has prompted legislators to examine whether more action is necessary to...more

Ballard Spahr LLP

The EB-5 Program gains short-term extension in Congress

Ballard Spahr LLP on

Congress recently passed a short-term extension to keep the EB-5 Regional Center Program (commonly known as the EB-5 Program or the Immigration Investor Program) from expiring. The EB-5 program adds versatility to the...more

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