Between 1986 and 2013, in NJ, the Low-Income Housing Tax Credit developed or preserved 49,064 homes and generated $2.08 billion in tax revenue.
On July 21, 2015, the Senate Finance Committee held a mark-up of legislation to extend tax provisions including the minimum 9% Housing Credit.
On June 25, 2015, state and local officials, project partners and community members celebrated the grand opening of the Village at Garwood.
S.1412 would exempt individuals from the LIHTC student rule if they were homeless at any time in the previous 7 years and met the homeless definition.
The Low-Income Housing Tax Credit supports more than 90,000 jobs each year nationwide and has helped leverage nearly $100B in private investment.
Fifteen (15) formerly homeless families will be moving in on April 1, 2015. Can you help us help them turn their new apartments into homes?
All Housing Credit developments are now underwritten using a floating rate, meaning there is 15 to 20% less equity available for any given property.
CSH has prepared a concise summary of the Administration’s FY2016 Budget Request’s proposed funding for programs relevant to supportive housing.
The reduction to the MID proposed by Chair Camp would be phased-in over four years, becoming $500,000 in 2018 and would be applied to new mortgages.
Two of the witnesses – Andy Berke and Robert Loughery – specifically mentioned LIHTC as an important tool in disaster recovery.