Read this article in this month's Novogradac Journal of Tax Credits View Web Version go NOVOGRADAC - Jourral of Tax Credils. ABRIDGED EDITION September 2024  • VOLUME XV • ISSUE IX REGIONS AFFORDABLE HOUSING Strengthening communities o from the ground up. WASHINGTON WIRE RECKONING WITH A 10-PLUS YEAR DECLINE IN THE VALUE OF FEDERAL HTCS MICHAEL J. NOVOGRADAC, CPA, NOVOGRADAC Over the past decade-plus, the historic preservation community experienced a nearly 25% decline in the equity value of federal historic tax credits (HTCs). This drastic decline in equity value was predictably caused in large part by four major events. A similar large percentage decline in historic preservation activity was averted due in large measure to the enactment and expansion of state HTCs. READ MORE >> p VIO it At o A R PO DS NEW MARKETS TAX CREDIT SENATE FINANCE COMMITTEE HEARING PROVIDES COMMUNITY DEVELOPMENT INCENTIVE STAKEHOLDERS A VOICE AHEAD OF TAX LEGISLATION TALKS PETER LAWRENCE, DIRECTOR OF PUBLIC POLICY AND GOVERNMENT RELATIONS, NOVOGRADAC Community development tax incentive advocates got a preview of upcoming tax legislation negotiations during a July 30 hearing of the Senate Finance Committee–or at least a preview of how committee members feel about the community development tax incentives. READ MORE >> PROPERTY COMPLIANCE WHAT DOES HOTMA FINAL RULE MEAN FOR IMPLEMENTATION OF HOUSING CHOICE VOUCHERS AND PROJECT-BASED VOUCHERS? KARINA VARGAS, MANAGER, NOVOGRADAC A final rule on the implementation of provisions of the Housing Opportunity Through Modernization Act (HOTMA) of 2016 affecting Housing Choice Voucher (HCV) and Project-Based Voucher (PBV) was issued May 7 by the U.S. Department of Housing and Urban Development (HUD). READ MORE >> ¢ NOVOGRADAC 2024 Fall New Markets Tax Credit Conference Oct. 24:25 | The Roosevelt New Orleans HISTORIC TAX CREDITS LOPER BRIGHT ENTERPRISES V. RAIMONDO: WHAT DOES THE END OF CHEVRON DEFERENCE MEAN FOR THE TAX CREDIT WORLD? NICHOLAS IRMEN AND SCOTT DEMARTINO, KUTAK ROCK LLP In the recent court case of Loper Bright Enterprises v. Raimondo, the Supreme Court ruled that the Administrative Procedure Act requires courts to exercise their independent judgment in determining whether federal agencies have acted within their authority and that courts may not defer to a federal agency’s interpretation of the law simply because a federal statute is ambiguous.  READ MORE >> Documenting Compliance of Prevailing Wages and Apprentceanip webmer 4 REGISTER TODAY. HISTORIC TAX CREDITS LATEST TAX AND NATIONAL PARK SERVICE EFFORTS AT THE HISTORIC TAX CREDIT COALITION FOREST MILDER AND PATRICK ROBERTSON, HISTORIC TAX CREDIT COALITION As we make our way through 2024, it is a good time to recap where we are and where we are headed with the historic tax credit (HTC). We will do this through the window of the Historic Tax Credit Coalition (HTCC), an organization of project developers, investors, tax-exempt organizations and professionals who advocate for preserving historic structures using the HTC as the primary tool. READ MORE >> ALSO IN THIS ISSUE SPECIAL FEATURES * HTCs Add New Chapter to Story of Alcazar Hotel in Cleveland Heights, Ohio * Safeguarding Sandpiper Cove: How a New Floodwall Seeks to Protect a Historic Affordable Housing Complex * How States Calculate Qualified Rehabilitation Expenditures Differently–Part 2 * Fine Tuning: Former Player Piano Factory Becomes Affordable Housing in Meriden, Connecticut * HTCs, LIHTCs Help Reinvigorate History in Lewistown, Montana OPPORTUNITY ZONES * OZs are ‘Icing on the Cake’ for Mixed-Use Development in Summerville, South Carolina VALUATION * Focus on: Akron, Ohio LOW-INCOME HOUSING TAX CREDITS * 4% LIHTCs Finance Permanent Supportive Housing Development in Los Angeles’ Skid Row NEW MARKETS TAX CREDITS * Integrated Unit Rule Frequently Asked Questions * NMTC Qualified Equity Investment Report RENEWABLE ENERGY TAX CREDITS * Advantage Renewables’ New CEO Steven Lichtin Hired to Lead ‘Next Phase of Growth’ DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT * Centerline on Glendale Uses Variety of Sources to Deliver 386 Apartments in Arizona MORE INFORMATION Got a question, comment or suggestion? 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The September 2024 edition of the Novogradac Journal of Tax Credits is available online: www.novoco.com/periodicals/novogradac-journal-tax-credits-volume-15-issue-9 This email was sent by: Novogradac 1160 Battery St. East Building, Suite 225 San Francisco, CA, 94111 |