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On October 25, IRS published Revenue Procedure 2016-55, which outlines the inflation adjustments for nearly 50 federal tax provisions, including the amount of Low Income Housing Tax Credit (Housing Credit) authority and Private Activity Bond (PAB) authority each state will receive.

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement in response to Senate Finance Committee Ranking Member Ron Wyden’s (D-OR) proposal to create a Middle-Income Housing Tax Credit (MIHTC)

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement in response to Senate Finance Committee Ranking Member Ron Wyden's (D-OR) proposal to create a Middle-Income Housing Tax Credit (MIHTC), which would work in conjunction with the Low-Income Housing Tax Credit (LIHTC) for the development of affordable rental homes:

The National Association of Home Builders (NAHB) today commended Sen. Ron Wyden (D-Ore.) for introducing the Middle-Income Housing Tax Credit Act of 2016. The legislation builds on the successful Low-Income Housing Tax Credit (LIHTC) by creating a new tax credit to spur the development of rental homes affordable to Americans with moderate incomes

The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A total of 76 organizations (Allocatees) across the country will receive tax credit allocation authority under the 2014 round of the New Markets Tax Credit Program

COLUMBUS - May 5, 2014 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) encourages first-time buyers to take advantage of multiple savings through the Agency's First-Time Homebuyer program. Qualified buyers receive down payment assistance of up to 2.5 percent of the home's purchase price, a new mortgage tax credit, and a special interest rate reduction of .25 percent on all home loans. The special mortgage rate is limited to the first 250 loans reserved through a participating OHFA lender.

Washington, DC - February 27, 2013 - (RealEstateRama) -- Congressman Mike Turner, Co-chairman of the Historic Preservation Caucus, reintroduced the Historic Homeownership Revitalization Act of 2013. Enactment of this legislation would create jobs in t...

WASHINGTON, D.C. - January 08, 2012 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.

New York, NY - September 14, 2012 - (RealEstateRama) -- NYCHA Chairman John B. Rhea announced the recent receipt of $44 million in low-income housing tax credit equity payments associated with NYCHA’s Federalization transaction. The purpose of the Fe...

Washington, DC - July 16, 2012 - (RealEstateRama) -- In anticipation of its likely publication in the Federal Register on July 19, 2012, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today its 2012 Notice of Allocation Availability (NOAA) which officially opens the 2012 round of competition under the New Markets Tax Credit Program (NMTC Program)

Harrisburg PA - July 12, 2012 - (RealEstateRama) -- On Saturday, June 30, Pennsylvania became the 30th state in the country to have a state historic tax credit when Governor Tom Corbett signed the FY 2013 Commonwealth Budget and established the Histori...

March 6, 2012 - (RealEstateRama) -- The Connecticut Housing Finance Authority is pleased to announce Application Overview Sessions on the Housing Tax Credit Contribution (HTCC) Program for 2012 on Monday, April 2, 2012 and Tuesday, April 3, 2012 beginn...

WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.

SANTA MONICA, CA - November 15, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise) today announced it has closed an $8.3 million Low Income Housing Tax Credit (Housing Credit) syndication deal to help Community Corporation of Santa Monica (CCSM) build High Place West Apartments, which will offer 47 units of affordable housing. High Place West will enable families earning 35 percent to 60 percent of area median income to live in the 32 two-bedroom and 15 three-bedroom apartments in a three-story building.

July 6, 2011 - (RealEstateRama) -- Federal tax credits and other financing awarded last week to build affordable apartments is expected to support 6,900 jobs statewide. More than $300 million in development will result from the federal tax credit...

June 16, 2011 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decreases in 2009, and established a new system for owners to hold their income limits and rents harmless beginning in 2010.

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- CHFA is currently accepting 2011 applications for the Housing Tax Credit Contribution (“HTCC”) Program.

BEDFORD, N.H. - May 11, 2011 - (RealEstateRama) -- At its recent meeting, New Hampshire Housing Finance Authority’s Board of Directors approved the commitment of nearly $3 million in federal tax credits that will be used to support construction of 21...

Destin, FL - May 6, 2011 - (RealEstateRama) -- A majority of homeowners surveyed say they want Congress to leave the federal tax credit for homeowners alone, and institute other tax advantages to re-stimulate the U.S. housing market, according to a Housing Predictor opinion poll.