Low-Income Housing Tax Credit

Walker & Dunlop’s New Website Spotlights Its Expanded Platform And User Experience

Retrieved on: 
Monday, March 4, 2024
Commercial Building & Real Estate, Technology, Construction & Property, Finance, Consulting, Banking, Professional Services, Internet, Other Professional Services, LIHTC, Growth, Low-Income Housing Tax Credit, Walker & Dunlop, Multimedia, Financial services

Walker & Dunlop, Inc. launched its new website, www.walkerdunlop.com today to feature its growth and expanded offerings, showcasing the company’s breadth and depth.

Key Points: 
  • Walker & Dunlop, Inc. launched its new website, www.walkerdunlop.com today to feature its growth and expanded offerings, showcasing the company’s breadth and depth.
  • The new site touts an enhanced digital user experience with a modernized design, intuitive navigation and improved functionality.
  • The expanded, innovative brand platform makes W&D one of the largest commercial real estate finance and advisory services firms in the United States.
  • “Our website marks a new digital chapter for the company that aligns seamlessly with our identity and technological advancements.”

Creating More Affordable Homes Critical for Revitalizing the American Dream

Retrieved on: 
Tuesday, January 9, 2024
Health, Housing, Low-Income Housing Tax Credit, Policy, Dreams Come True, History, ESG, LIHTC, CREA

NEW YORK, Jan. 9, 2024 /PRNewswire/ -- American Dream Come True: Why Affordable Housing Is Good Policy, Good Business, and Good for America, by Tony Bertoldi, is now available. The book is published with Forbes Books, the exclusive business book publishing imprint of Forbes, and is available on Amazon today.

Key Points: 
  • NEW YORK, Jan. 9, 2024 /PRNewswire/ -- American Dream Come True: Why Affordable Housing Is Good Policy, Good Business, and Good for America, by Tony Bertoldi, is now available.
  • The book is published with Forbes Books, the exclusive business book publishing imprint of Forbes, and is available on Amazon today.
  • Can affordable housing make the American dream a reality?
  • With American Dream Come True, co-president of the affordable housing syndication company, CREA LLC, Tony Bertoldi leverages 25+ years of experience to explain the role of affordable housing in building a healthy, just, and vibrant society full of opportunities.

The NHP Foundation Enters Colorado Affordable Workforce Housing Market with 3 Deals in The Mountain Resort Region

Retrieved on: 
Thursday, January 4, 2024
Workforce, Hotbed, Partnership, Sale, Consultant, Low-Income Housing Tax Credit, Housing, Town, Mountain resort, Summit, Tourism

NEW YORK, Jan. 4, 2024 /PRNewswire-PRWeb/ -- The NHP Foundation ("NHPF"), a national not-for-profit provider of affordable housing, is expanding its footprint west with development deals in the works in two different mountain resort area towns which present unique opportunities and challenges. NHPF has previously created or preserved housing as far west as Texas.

Key Points: 
  • The Mountain Resort region of Colorado is home to some of the nation's top ski and recreational areas, notably Vail and Aspen, yet is notoriously short on housing inventory, particularly workforce housing affordable to the thousands of employees who make up a labor pool including police personnel, teachers, restaurant staffers, childcare workers, etc.
  • NHPF has committed resources to three affordable housing endeavors now in pre-development to bring a potential total of 350+ apartments, townhouses and duplexes to the region.
  • Separately, NHPF has worked with the Town to inform zoning incentives for affordable housing to minimize cost and streamline the permitting process.
  • At 602 Galena, NHPF plans to construct up to 54 units of workforce housing.

NMHC President Sharon Wilson Géno Hosts High-Level Bipartisan Conversation on Housing Solutions

Retrieved on: 
Thursday, November 30, 2023
Residential Building & Real Estate, Banking, Commercial Building & Real Estate, Construction & Property, Professional Services, White House, Federal Government, State, Local, Public Policy, Government, Other Construction & Property, Finance, Politics, Policy, Multimedia, YIMBY, BMAC, Council, Conference, Low-Income Housing Tax Credit, HUD, Federation, Housing, NIMBY, Administration, Congress, NMHC, Property management

and Ron Wyden (D-Ore.); HUD Deputy Secretary Adrianne Todman; NMHC President Sharon Wilson Géno (Photo: Business Wire)

Key Points: 
  • and Ron Wyden (D-Ore.); HUD Deputy Secretary Adrianne Todman; NMHC President Sharon Wilson Géno (Photo: Business Wire)
    At the Bisnow Multifamily Annual Conference (BMAC) East, NMHC President Sharon Wilson Géno moderated a discussion with Senator Ron Wyden (D-Ore.), Senator Todd Young (R-Ind.)
  • “The housing affordability challenges facing the nation are clear, but so are the opportunities for bipartisan paths forward,” said NMHC President Sharon Wilson Géno.
  • “I was pleased to join National Multifamily Housing Council with Senator Young, Deputy Secretary Todman and NMHC President Sharon Wilson Géno to discuss expanding the Low-Income Housing Tax Credit and encouraging pro-housing policymaking nationwide.
  • “The President’s Housing Supply Action Plan seeks to do just that by lowering housing costs, boosting housing supply, and ensuring fair access to housing opportunities.

Nixon Peabody recognized by U.S. Bank for commitment to diversity in legal profession

Retrieved on: 
Thursday, December 7, 2023
MTN, Nixon Peabody, Organization, Creativity, Low-Income Housing Tax Credit, Equity, Nury, Masovian Voivodeship, LIHTC, Lawyer, U.S. Bank Center (Milwaukee), DEI, Workflow, Corporate trust, U.S. Bancorp

BOSTON, Dec. 7, 2023 /PRNewswire-PRWeb/ -- Nixon Peabody LLP is proud to announce that the U.S. Bank Law Division has selected the firm as recipient of the 2023 "U.S. Bank Invested in Diversity" award, which recognizes Nixon Peabody's ongoing dedication to diversity, equity, and inclusion (DEI) in the legal profession.

Key Points: 
  • Nixon Peabody LLP is proud to announce that the U.S. Bank Law Division has selected the firm as recipient of the 2023 "U.S. Bank Invested in Diversity" award, which recognizes Nixon Peabody's ongoing dedication to diversity, equity, and inclusion (DEI) in the legal profession.
  • BOSTON, Dec. 7, 2023 /PRNewswire-PRWeb/ -- Nixon Peabody LLP is proud to announce that the U.S. Bank Law Division has selected the firm as recipient of the 2023 "U.S. Bank Invested in Diversity" award, which recognizes Nixon Peabody's ongoing dedication to diversity, equity, and inclusion (DEI) in the legal profession.
  • The annual "U.S. Bank Invested in Diversity" honor is presented to a law firm that works closely with U.S. Bank and is making a meaningful difference for DEI.
  • Representative of the firm's ongoing commitment to build a more diverse, equitable, and inclusive legal profession, Nixon Peabody has earned Mansfield Rule Certification Plus recognition from legal industry incubator Diversity Lab for six consecutive years.

LIHTC Properties' NOI, Rental Income, Operating Expenses Set Record

Retrieved on: 
Monday, November 27, 2023
NOI, CPA, Housing, Benchmarking, COVID-19, History, Insurance, Database, SAN, Tax credit, Low-Income Housing Tax Credit, LIHTC, Cryptocurrency

SAN FRANCISCO, Nov. 27, 2023 /PRNewswire-PRWeb/ -- Net operating income (NOI) at properties financed by low-income housing tax credit (LIHTC) equity and tracked by Novogradac increased by 7.4% in 2022, surpassing the inflation rate as the nation emerged from the worst of the COVID-19 pandemic and faced the highest inflation in 40 years.

Key Points: 
  • Data in the 2023 Low-Income Housing Tax Credit Income and Operating Expenses Report , published by Novogradac, showed that operating expenses grew at a faster rate than rental income, but both surpassed the inflation rate–a 9.2% year-over-year increase in rental income and a 10.4% jump in operating expenses.
  • The percentage and the nominal dollar increases in rental income, operating expenses and NOI were the highest in the 13 years for which Novogradac has tracked the data.
  • The combination of the increased rental income and increased operating expenses led to an all-time high NOI per unit of $4,188.
  • Novogradac has been issuing the LIHTC income and expenses reports since 2014 and has been tracking expenses and income since 2010.

Catchlight Crossings Sets New Standard for Affordable Housing Communities

Retrieved on: 
Wednesday, November 1, 2023
Orlando International Airport, Education, Housing, United States Secretary of Housing and Urban Development, Quality of life, Orange County Convention Center, University, International Drive, Transport, Partnership, Low-Income Housing Tax Credit, Crossings, Universal, U.S. Department of Agriculture Cotton Annex, Chase, Interior design, Central Florida

ORLANDO, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Today, Universal Destinations & Experiences and Wendover Housing Partners marked the beginning of construction and revealed all-new renderings for Catchlight Crossings – a first-of-its-kind affordable housing solution that features 1,000 affordable apartment homes, on-site amenities and services, retail and play areas, and access to transportation and nearby jobs. 

Key Points: 
  • Catchlight Crossings sits on 20 acres of land that was donated by Universal’s not-for-profit, Housing for Tomorrow .
  • Catchlight Crossings supports Orange County’s Housing for All initiative designed to create lasting community-based solutions for expanding housing options, improving affordability, and providing access to diverse and vibrant neighborhoods for Orange County residents.
  • Developed by Wendover Housing Partners, an expert in affordable housing communities, with primary construction lending provided by Chase, Catchlight Crossings will feature an on-site, tuition-free Bezos Academy preschool, in addition to educational opportunities offered in partnership with the University of Central Florida.
  • “Affordable housing with access to education and opportunity levels the playing field for all to thrive and sets an example for what can be done in other communities.”
    The first phase of Catchlight Crossings is expected to open in 2026.

Regions Bank Announces Ward Cheatham to Retire; Leadership Promotions Announced for Corporate Banking and Capital Markets

Retrieved on: 
Thursday, October 26, 2023
Banking, Professional Services, Finance, HUD, Capital market, Regions Financial Corporation, Real estate, Treasury, NYSE, Health care, RF, Low-Income Housing Tax Credit, Ward, Commercial property, Public sector banks in India, Freddie Mac, Corporation, Acquisition, Multimedia, First Franklin Financial Corp., Commercial, Fannie Mae, Management, Financial services, Sales, Bank, Region

Regions’ current head of Capital Markets, Joel Stephens, has been named to succeed Cheatham, and the bank’s current head of Corporate and Institutional Markets, Rit Amin, will succeed Stephens.

Key Points: 
  • Regions’ current head of Capital Markets, Joel Stephens, has been named to succeed Cheatham, and the bank’s current head of Corporate and Institutional Markets, Rit Amin, will succeed Stephens.
  • Regions’ current head of Capital Markets, Joel Stephens (center), has been named to succeed Cheatham, and the bank’s current head of Corporate and Institutional Markets, Rit Amin (right), will succeed Stephens.
  • Throughout his time at Regions, he served in a variety of leadership roles across the Corporate Banking Group, including division executive for Commercial and Industrial Lending, Capital Markets, Leasing, Healthcare and Asset-Based Lending.
  • During his 15 years at Regions, Stephens has been instrumental in expanding Regions’ services and solutions for Capital Markets clients.

Fannie Mae Commits $3.2 Billion Since Re-entering LIHTC Market to Expand Affordable Housing Supply, Meet Critical Housing Needs in Underserved Communities

Retrieved on: 
Tuesday, October 17, 2023
Olive, Investment, Federal Housing Finance Agency, Fannie Mae, Campfire, OTCQB, Veteran, Native, Community, Case management, Summer Breeze, Homelessness, Hearing, Community Reinvestment Act, Low-Income Housing Tax Credit, Summer Breeze Festival UK, LGBTQ, Rehabilitation, Person, Tranquillity, Domestic violence, DSM-IV codes, FNMA, Housing, Property management, LIHTC

WASHINGTON, Oct. 17, 2023 /PRNewswire/ -- Since restarting its equity investments in the Low-Income Housing Tax Credit (LIHTC) market in 2018, Fannie Mae (OTCQB: FNMA) has supported the creation or preservation of rental housing units in communities throughout the country, providing critical access to affordable housing and supportive services for thousands of households in the U.S. and its territories, the company announced today. The company's LIHTC investments continue to expand access to affordable housing supply when and where those needs are greatest, with a focus on underserved markets, populations with unmet needs, supportive housing developments, and disaster-impacted areas. 

Key Points: 
  • The company's LIHTC investments continue to expand access to affordable housing supply when and where those needs are greatest, with a focus on underserved markets, populations with unmet needs, supportive housing developments, and disaster-impacted areas.
  • "LIHTC investment is a proven and effective way to create and preserve affordable housing supply for low- and very-low-income families, particularly in underserved markets.
  • Fannie Mae doesn't fit into either of these categories, which makes it unique as an investor in the LIHTC market.
  • Instead, in furtherance of its mission to facilitate equitable and sustainable access to quality affordable rental housing, Fannie Mae focuses on investing in underserved markets and properties.

Did you know that there are business services that can make it faster and easier for you to meet your tax obligations?

Retrieved on: 
Wednesday, October 11, 2023
Online, RP, Canada Revenue Agency, SIN, RT, Social insurance, RC, CRA, BN, RU, Low-Income Housing Tax Credit, BRO, Small business, Casino, Bookkeeping

You can find me on the Canada.ca/CRA webpage where I can answer questions about your business and other tax-related matters.

Key Points: 
  • You can find me on the Canada.ca/CRA webpage where I can answer questions about your business and other tax-related matters.
  • From April to July 2023, I was asked just over 854,000 questions in English and 156,000 questions in French.
  • When you're running a business, certain activities will require you to have a business number (BN) or program account.
  • For more information about My Business Account and how to access it, go to