Twiiter friends:I need help from the #LIHTC community. We invested in a deal transforming a historical schoolhouse into 49 rental apartments for low-income households. Will generate both historic and low-income housing tax credits. Looking for a tax credit investor -80% complete
Yesterday, the U.S. House of Representatives passed the Moving Forward Act (HR 2), a $1.5 trillion bill that funds infrastructure projects. In addition to dedicating roughly $400 billion in infrastructure investments for roads, bridges, and transit.
Let’s go! The RI budget bill signed last week by Gov. Raimondo continues funding for the state historic tax credit #HTC, thereby extending the HTC sunset date until June 30, 2021. H. 7170 transfers $5 million in appropriations for the Rebuild Rhode Island Tax Credit. #taxcredits
3/3 establish a permanent 4% LIHTC rate, temporarily reduce the 50% financed-by test for bond-financed housing to 25% permanently extend the #NMTC at a $5BN annual allocation adjusted for inflation, temporarily increase the #HTC applicable % and delay phasedown of #ITC until 2026
2/3 The House of Representatives today approved a sweeping infrastructure bill, voting to send the $1.5 trillion legislation to the Senate. The Moving Forward Act (H.R. 2) includes provisions to increase the annual 9 percent low-income housing tax credit (LIHTC) allocation amount
This is helpful news for our projects: In response to the COVID-19 pandemic, the IRS today issued Notice 2020-53 to provide tax relief to issuers, operators, owners, and tenants of qualified #LIHTC projects or qualified residential rental projects financed with tax exempt bonds.
RIP Gracie girl. We loved u deeply. U were by my side every step of this journey. Ur @peace I am broken but will keep this going. Thanks to #LIHTC we’re building 330 rental apts 4 low income residents. 1st 49 units this my girl-Gracie Realty Holdings (doing well by doing good).
@BookEndsJessica As a public rejection is better than no response for months: My book #unraveled conveys the expanse of human failings & inaction. A Bus School Prof’s life unraveled when memories/serious problems from his younger days safely hidden in the furthest reaches of his mind resurface.
Positive news for the OZ Industry-Federal Regulatory Agencies Finalize Rule that Exempts Qualified Opportunity Funds from Volcker Rule, Allows Banks to Participate in OZ Investments. DEPARTMENT OF TREASURY Office of the Comptroller of the Currency 12 CFR Part 44 #OpportunityZone