News

In the April 2014 issue of the Tax Credit Advisor, Armand Tiberio of the Tax Credit Group of Marcus & Millichap Real Estate Investment Services (TCG) provides a summary of trends in LIHTC property sales in recent history.

As thousands of low-income housing tax credit properties approach Year 15 every year, the importance of planning for and managing Year 15 transactions

As reported in the March 2014 issue of the Tax Credit Advisor, Fannie Mae and Freddie Mac have gradually sold their interests in LIHTC investments since being placed in conservatorship, however, the massive sale that was expected by many throughout the LIHTC industry has entirely subsided.

On April 3, the Senate Finance Committee approved the Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act to extend for two years dozens of expiring tax provisions.

We’re excited to announce that members of the TCAM team will be participating in a number of conferences in the first few weeks of April.

History can be instructive. During the 1990s savings and loan crisis government regulators strongly encouraged lenders to dump troubled assets, which they did – many at deep discounts. As a result, savvy investors were enriched.

On February 26, House Ways and Means Chairman David Camp (R-MI) revealed his long-awaited tax reform proposal, which includes some version of the Low Income Housing Tax Credit.

The federal Community Reinvestment Act (CRA), enacted in 1977, charges federal bankingregulators to ensure that banks, “serve the credit needs of their local communities in a safe and sound manner.

Through 2013 it appears that as long as Fannie Mae and Freddie Mac remain in business, they will continue to lend to affordable housing, particularly to existing and aging affordable developments.

On February 11, 2014, one of our clients, the Housing Partnership Equity Trust (“Equity Trust” or “HPET”) was featured on NPR’s national broadcast of All Things Considered for its innovative approach to preserving affordable housing.