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The Internal Revenue Service (IRS) Seeks Comments on Low Income Housing Tax Credit (LIHTC) Form 8823

The Internal Revenue Service (IRS) Seeks Comments on Form 8823, Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition.  Section 42(m)(1)(B)(iii) of the Internal Revenue Code requires state housing credit agencies to notify the Internal Revenue Service (IRS) of ... read more...

Delaware State Housing Authority (DSHA) Releases the 2011 Low Income Housing Tax Credit (LIHTC) Application Rankings

The Delaware State Housing Authority (DSHA) just released the 2011 Low Income Housing Tax Credit (LIHTC) rankings, which indicate that three applications out of nine for 9% credit were selected for funding. Non-profit Pool Carvel Gardens is a 100 family unit acquisition and rehabilitation tax ... read more...

Updated 2011 Low Income Housing Tax Credit (LIHTC) Application List

The Delaware State Housing Authority (DSHA) updated the 2011 Low Income Housing Tax Credit (LIHTC) Application List in response to this years Qualified Allocation Plan (QAP) to also include the amount of Housing Development Fund (HDF) financing requested by each applicant. You can find the ... read more...

Support for the Gulf Opportunity Zone (Go Zone) Low-Income Housing Tax Credit (LIHTC)

Senator Mary L. Landrieu (D-La) secured a letter of support co-signed by Secretary of the U.S. Department of Treasury, Tim Geithner, and Housing and Urban Development (HUD) Secretary Shaun Donovan for extending the Gulf Opportunity Zone (GO Zone) Low-Income Housing Tax Credit (LIHTC) ... read more...

Internal Revenue Service’s (IRS) 2011 Population Estimates

The Internal Revenue Service (IRS) released its 2011 Calendar Year Resident Population Estimates in Notice 2011-15. State and local housing credit agencies use these estimates to calculate the annual Low Income Housing Tax Credit (LIHTC) ceiling. The Low Income Housing Tax Credit (LIHTC) state ... read more...

House Democrats Introduce Bill to Extend the Low Income Housing Tax Credit (LIHTC) Exchange Program

On March 10, 2011,  House Ways and Means Committee Democrats introduced  H.R. 992, called the Building American Jobs Act of 2011, to create jobs through increased investment in infrastructure.  Building American Jobs Act of 2011 includes a Low-Income Housing Tax Credit (LIHTC) exchange program ... read more...

Taxability of Tax Credit Assistance Program (TCAP) Grants

When the financial crisis left Low Income Housing Tax Credit (LIHTC) projects struggling to find investors, the  American Recovery and Reinvestment Act of 2009 (ARRA) stepped in to provide funding for the Tax Credit Assistance Program (TCAP), a program that provides capital investments to  ... read more...