Tax Agreement Includes Key LIHTC Provisions - Housing Finance
Jan 16, 2024 · Two key provisions of the Affordable Housing Credit Improvement Act (AHCIA) have been included in a bipartisan tax agreement. Following intense Congressional negotiations, the agreement calls for a temporary restoration of a 12.5% allocation increase to the low-income housing tax credit (LIHTC) as well as a temporary reduction of the …
Senators Seek to Triple the Amount of LIHTCs - housingfinance.com
Sep 26, 2024 · According to Whitehouse, the new bill would: Make permanent the temporary 12.5% boost to the LIHTC program that recently expired; Triple the LIHTC state allocation of $2.90 per capita to $9.79 and triple the small state minimum from $3.36 million to $11.34 million, beginning in 2025; and. Set aside one-third of each state allocation for boosts ...
Avanath Capital Management Embraces Technology to Tackle …
Jul 30, 2024 · Avanath Capital Management, a multifamily owner and operator focused on affordable and workforce housing, is looking to technology to address the nation’s housing shortage. The Irvine, California–based company has partnered with Vessel Technologies, a mission-driven housing product company, to acquire, entitle, develop, and operate ...
AHF Upcoming Events| Housing Finance Magazine
AHF Live 2024. Nov 18, 2024 - Nov 20, 2024 | Hyatt Regency Chicago. AHF Live is the premier conference and exposition serving affordable housing developers, owners, management firms, and state housing agencies nationwide. Get insight on the latest strategies and tools to help make deals feasible to create and preserve much-needed housing.
House Passes Tax Package With LIHTC Improvements - Housing …
Feb 1, 2024 · A tougher fight may be in store in the Senate. The House of Representatives passed a $78 billion tax bill that includes key measures to boost the low-income housing tax credit (LIHTC) program. The tax package passed 357-70, with 188 Democrats and 169 Republicans in favor of the bill. “We are encouraged by the decisive bipartisan support in ...
Top 50 Affordable Housing Developers of 2020 - Housing Finance
May 27, 2021 · AFFORDABLE HOUSING FINANCE Top 50 Affordable Housing Developers of 2020 LDG Development remains No. 1 after starting construction on 2,679 units last year.
After a Decade of Success, What's Next for RAD? - Housing Finance
Jan 18, 2024 · Aided by newer RAD-Section 18 blends, recent average hard-cost expenditures exceed $252,000 per unit—enabling 12% of RAD conversions to support replacement housing construction; Financing has included $9.5 billion in debt and another $11.5 billion in low-income housing tax credit (LIHTC) equity—much as other low-income housing; and.
HUD Releases Final HOTMA Rule - Housing Finance
Jan 31, 2023 · After extensive public comments and review, the Department of Housing and Urban Development (HUD) has unveiled its final rule for implementing the Housing Opportunity Through Modernization Act (HOTMA) today. Signed into law in 2016, HOTMA makes numerous changes to the statutes governing HUD’s rental assistance programs, including Section 8 ...
Top 50 Affordable Housing Developers of 2021 - Housing Finance
Jun 2, 2022 · The Michaels Organization. The Pacific Cos. Kittle Property Group. Rise Residential Construction. TWG Development. Commonwealth Development Corporation of America. Woda Cooper Cos. Find out who made the top 50 list of the nation's affordable housing developers for number of units started last year.
ORIX Real Estate Capital Changes Name to Lument - Housing …
Oct 20, 2020 · ORIX Real Estate Capital has announced a new name, Lument, effective immediately. Lument unifies the company’s legacy brands—Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group—under a single banner. Jim Flynn. “We chose Lument, with its associations with light and energy, to emphasize that our combined company has the ...