COLUMBIA, MD - February 25, 2011 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise), a national leader in community development and affordable housing, today secured $62 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). Enterprise is one of 99 Community Development Entities receiving an allocation of the $3.5 billion in NMTC awarded as part of the Tax Relief, Unemployment Insurance Authorization and Job Creation Act of 2010. This new allocation brings Enterprise’s total NMTC awards to $672 million, $595.5 million of which has previously been invested in low-income communities nationwide, making it one of the largest allocatees of NMTCs in the country
WASHINGTON, D.C. - February 15, 2011 - (RealEstateRama) -- Most home buyers who claimed the federal tax credit of up to $7,500 for buying their first home in 2008 are required to start repaying the credit in 15 annual installments, beginning with their 2010 tax returns. The credit—some form of which was offered for qualified home purchases in 2008, 2009 and 2010—has different repayment rules depending on when and under what circumstances the home was purchased. As tax season approaches, this may cause confusion among home buyers who received the tax credit.
WASHINGTON, D.C. - December 17, 2010 - (RealEstateRama) -- At its December 16th, 2010 meeting, the CHFA Board of Directors approved the Resolution Authorizing for Public Comment Purposes Amendments to the Low-Income Housing Tax Credit Procedures
12Page 2 of 2