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Housing Developers Affordable Housing LIHTC

Holland & Knight LLP

U.S. Tax Court Holds Bond Financing Costs Are Includible in LIHTC Basis

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A U.S. Tax Court decision entered on Feb. 20, 2024, in 23rd Chelsea Associates LLC v. Commissioner of Internal Revenue held that bond issuance and related financing costs incurred in connection with the development of a...more

ArentFox Schiff

DC Mayor Announces Plans To Invest Record $400 Million Into Affordable Housing

ArentFox Schiff on

On May 24, 2021, District of Columbia Mayor Muriel E. Bowser announced plans to invest a record-setting $400 million into the District’s affordable housing production via direct injection into the Housing Production Trust...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

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

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

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

Troutman Pepper

PBV Selection Issues: Previous Competition and PHA-Owned Units

Troutman Pepper on

Two of the most troublesome aspects of selecting project-based voucher proposals have been selection based on previous competition and selection of public housing agency-owned units. Originally published in the...more

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