The New Jersey Housing Mortgage Finance Agency released the 2008 Low Income Housing Tax Credit awards today for the spring round on July 1, 2008. The total tax credit allocation in this round was $15,087,652. Twelve (12) different projects were funded. A total of eight hundred thirty four (834) low income units will be developed. […]
Posts on supportive housing in NJ.
We found this update on tax credit pricing in the Wall Street Journal on June 18, 2008. Is this a sign that the long decline and near collapse of the tax credit market coming to an end? The federal government’s largest program for producing affordable housing is showing signs of stability after months of being […]
Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Chuck Grassley (R-Iowa) announced on June 17, 2008, that they intend to offer tax measures as part of a larger amendment to a housing bill, H.R. 3221. We reported on the House passage of the H.R. 3221 on May 11, 2008. To view all of […]
We recived this very sad news from our friend Leslie Stivale from Triple C Housing. We will miss Ms. Ambruso. Dorothy Ambruso, a trailblazer in community mental-health and supportive housing, died early Tuesday morning at Somerset Hospital. Born in Hershey, Pennsylvania, she moved to New Jersey as a teenager, residing in Middlesex, Morris and Somerset […]
The House Ways and Means Committee has approved H.R. 5720: Housing Assistance Tax Act of 2008 a bill sponsored by committee Chairman Charles Rangel (D-N.Y.). The bill according to Affordable Housing Finance will “temporarily expand the low-income housing tax credit (LIHTC) and tax exempt housing bond programs, revise some of the program rules and requirements, […]