Tags Posts tagged with "LIHTC"

Tag: LIHTC

Industry Pans GAO Plan for HUD to Oversee LIHTC

The Government Accountability Office (GAO) released a report on July 23 recommending that HUD and the Internal Revenue Service (IRS) jointly oversee the Low-Income Housing Tax Credit (LIHTC) program. The recommendation came as GAO criticized the IRS’ lack of oversight of the program. This includes the fact that the IRS has only conducted seven audits of the 56 state housing finances agencies that administer the program.

NEW HUD STUDY FINDS AFFORDABLE HOUSING REMAINS AFFORDABLE 15 YEARS AFTER LOW INCOME HOUSING...

WASHINGTON, Dc - August 23, 2012 - (RealEstateRama) -- Since its inception, the nation’s Low-Income Housing Tax Credit (LIHTC) Program helped produce more than 2.2 million affordable apartments, accounting for roughly one-third of all multi-family rental housing constructed between 1987 and 2006. A new report by the U.S. Department of Housing and Urban Developmentfinds that after an initial 15-year required ‘affordability period,’ the vast majority of these LIHTC properties remain affordable for working families.

AFFORDABLE HOUSING DEVELOPMENTS PLANNED

BISMARCK, ND - April 22, 2011 - (RealEstateRama) -- The Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has granted conditional commitments for $2.9 million in Low Income Housing Tax Credits (LIHTC) for constr...

Business Real Estate Press Releases

CVS Portfolio

The Boulder Group Arranges Sale of Net Lease CVS Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased CVS property locations in Ohio for $5,207,500. The Hartville location is strategically positioned at the signalized intersection of Maple Street and Kent Avenue. Maple Street is the primary east-west thoroughfare in the trade area.

Recent Gov & Nonprofit Real Estate Press Releases

BOMA

BOMA 360 PROGRAM CONTINUES GLOBAL EXPANSION

The Building Owners and Managers Association (BOMA) International conferred the BOMA 360 Performance Program® designation upon dozens of properties in the second quarter of 2018, including the Shanghai Tower, the tallest building in China and the second tallest building in the world.