Housing Plus

Housing Plus

Guidance and legal insight for all aspects of housing and community development

By the Housing Group at Ballard Spahr

Category Archives: Tax Reform

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Regulatory comments due in March & other housing news updates

Posted in Fair Housing, Government-Assisted Housing, Legislative Initiatives, Policy, Public Housing, Section 8, Tax Credits, Tax Reform
Comments on the following HUD and housing related guidance are due this month. HOTMA implementation for Section 8 Voucher Programs – Due March 20, 2017 On January 18, 2017, HUD issued a proposed rule to implement certain sections of the Housing Opportunities through Modernization Act of 2016 (HOTMA) that affect the tenant-based Housing Choice Voucher… Continue Reading

Bill introduced in Senate to create permanent LIHTC rate floors

Posted in Legislative Initiatives, Low Income Housing Tax Credits, Tax Credits, Tax Reform
On May 5, 2015, Senators Maria Cantwell (D-WA) and Pat Roberts (R-KS) introduced the “Improving the Low-Income Housing Tax Credit Rate Act” (S. 1193), which would create a permanent 9% minimum low-income housing tax credit rate for non-tax-exempt bond-financed new buildings or substantially rehabilitated buildings, and a permanent 4% minimum rate for acquisition credits. The… Continue Reading

President Obama’s 2016 budget poised to address infrastructure needs

Posted in Budget, Housing Bonds, Tax Reform, Tax-Exempt Bonds
Released in February, the 2016 budget set forth by the Obama administration takes a focused stance towards the country’s growing infrastructure requirements. The 2016 budget features tax-exempt bond proposals seen in the administration’s 2014 and 2015 budgets, and introduces four new bond proposals: 1) A New Category of Qualified Private Activity Bonds for Infrastructure Projects… Continue Reading

Please join us for the fifth annual Western Housing Conference

Posted in Budget, Community Development, Enforcement, Fair Housing, FHA and GSE Financing, FHA-Insured Financing, Government-Assisted Housing, GSE Financing, Housing Bonds, Legislative Initiatives, Multifamily, Policy, Public Housing, RAD, Section 8, Single-Family, Tax Credits, Tax Reform, Tax-Exempt Bonds
Several exciting developments have recently brought changes to the affordable housing industry and we are inviting you to explore them with us at our fifth annual Western Housing Conference. Ballard Spahr and CSG Advisors are pleased to announce this year’s Best of the West in Affordable Housing Development and Financing conference on March 13, in… Continue Reading

Senate passes Tax Extender Package at 11th hour

Posted in Energy Tax Incentives, Historic Tax Credits, Low Income Housing Tax Credits, New Markets Tax Credits, Policy, Tax Credits, Tax Reform, Uncategorized
The Senate passed the “Tax Increase Prevention Act of 2014” (H.R. 5771) on Tuesday night just before Congress adjourned for 2014. As Molly Bryson described in her December 5, 2014 post following the House’s passage of the bill, the tax extenders package provides a one-year retroactive extension of certain tax provisions that expired at the… Continue Reading

Housing Plus welcomes tax credit attorney Molly Bryson to the blogging team

Posted in Policy, Tax Credits, Tax Reform
We are excited that Molly Bryson has joined the firm and our Housing Plus team. Molly is an accomplished tax credit attorney with extensive experience in the financing and development of low-income housing communities and renewable energy initiatives. She guides major banks and companies with structuring their investments in affordable housing and solar energy using tax… Continue Reading

Legislative Update from NCSHA Conference

Posted in Low Income Housing Tax Credits, Tax Credits, Tax Reform
In previous Housing Plus blog posts we’ve discussed various tax credit proposals that have been released since the beginning of the year, which include the comprehensive tax reform proposal from House Ways and Means Committee Chairman Dave Camp (R-MI), the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, which would temporarily extend more than 50… Continue Reading

Proposed Section 752 Regulations and LIHTC Transactions: Part II

Posted in Low Income Housing Tax Credits, Policy, Tax Credits, Tax Reform
In a previous post earlier this week, I described the proposed regulations under Section 752 of the Internal Revenue Code (the “Proposed Regulations”), and in particular, the proposed changes to the rules regarding the characterization of recourse and nonrecourse debt. If enacted, the Proposed Regulations would have a significant impact on Low-Income Housing Tax Credit (“LIHTC”) transactions.… Continue Reading

Proposed Section 752 Regulations and LIHTC Transactions: Part I

Posted in Low Income Housing Tax Credits, Policy, Tax Reform
One of the hot topics at the recent ABA Taxation Section meetings in Washington, D.C. was the IRS’s proposed regulations regarding the allocation of partnership recourse and nonrecourse liabilities under section 752 of the Internal Revenue Code (the “Proposed Regulations”). The Proposed Regulations have been the subject of heavy criticism since they were released in January, in… Continue Reading

Evolving trends in Maryland affordable housing

Posted in Budget, Fair Housing, FHA and GSE Financing, Government-Assisted Housing, Legislative Initiatives, Low Income Housing Tax Credits, Policy, Public Housing, RAD, Section 8, Senior Housing, Tax Reform
On April 30th Ballard Spahr was proud to host representatives from the Maryland Department of Housing and Community Development (DHCD), the Maryland Attorney General’s office, Pennrose Properties and AGM Financial to discuss evolving trends in affordable housing development in Maryland.  The briefing, held in Ballard Spahr’s Baltimore office, included: A discussion by Pat Sylvester, the… Continue Reading

Reading the Tea Leaves of Tax Reform

Posted in Legislative Initiatives, Policy, Tax Credits, Tax Reform
In prior Housing Plus blog entries we’ve discussed the various tax proposals that have been released over the past four months, including the comprehensive tax reform proposal from House Ways and Means Committee Chairman Dave Camp (R-MI), the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, which would temporarily extend more than 50 expired or… Continue Reading

Obama administration FY 2015 budget would extend NMTCs, tweak LIHTCs

Posted in Policy, Tax Credits, Tax Reform
The Obama administration recently revealed its proposed $3.9 trillion federal budget for fiscal year 2015. Like Chairman Camp’s tax reform proposal and the proposed EXPIRE Act tax extenders package discussed in previous blog posts, the Obama administration’s budget includes a number of interesting tax credit-related proposals. Highlights include: Permanently extending the New Markets Tax Credit… Continue Reading