Multifamily Tax Items • Extends the 9percent LIHTC credit rate for allocations through the end of 2013; absent the credit fix, the LIHTC program would suffer a loss of equity
investment for affordable housing projects • Extension through the end of 2013 of base housing allowance rules for affordable housing Also noteworthy are items that are not in H.R. 8, including an itemized deduction cap or a defined fast - track tax reform process.
As the Times Union reported in 2015, the Birches at Schoharie received state support despite getting a low initial score from the staff of Homes and Community Renewal, which allocates competitive state and federal grants and tax
benefits for affordable housing projects.
Edward Ott, a labor expert at CUNY and former executive director of the New York City Central Labor Council, said that Building and Construction Trades Council of Greater New York's agreement may encourage more developers to hire union
workers for affordable housing projects.
A firm representing the Swan Street LLC in the deal was Cannon, Heyman and Weiss, an Albany law firm that puts together the financing
for affordable housing projects through tax credits and incentives.
Developers, bankers and de Blasio administration officials said they were told in meetings with aides to Cuomo the city would lose a sizable share of up to $ 900 million a year that the state provides in federal tax - exempt bonds
for affordable housing projects in the five boroughs.
• Extends the 9percent LIHTC credit rate for allocations through the end of 2013; absent the credit fix, the LIHTC program would suffer a loss of equity investment for affordable housing projects
As the Times Union reported in 2015, the Birches at Schoharie received state support despite getting a low initial score from the staff of the state Division of Housing and Community Renewal, which allocates competitive state and federal grants and tax
benefits for affordable housing projects.
The company says it has given $ 40 million
for affordable housing projects in Seattle.
Despite a very tight state budget, REALTORS ® and their communities throughout Florida are walking away from the 2018 session of the Florida Legislature with several key victories: a $ 31 million cut to the Business Rent Tax, $ 110 million
for affordable housing projects and more than $ 400 million for Florida's natural resources.
• The 9 percent LIHTC credit rate: absent the credit fix, the LIHTC program would suffer a loss of equity investment
for affordable housing projects; in place for 2013 allocations.