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The clarification allows dozens of otherwise stalled housing projects around the nation to move ahead with financing that includes a combination of tax exempt multifamily PABs and the 4% federal housing tax credit.
April 4 -
The Stockton City Council voted to issue multifamily housing revenue bonds.
April 3 -
If the IRS fails to provide a regulatory fix, two members of Congress may address the issue legislatively in bicameral affordable housing legislation that had wide bipartisan support in the last Congress.
March 20 -
Though Rep. Peter DeFazio, D-Ore. sees public-private partnerships as a viable option, he said it won’t work everywhere.
February 5 -
Janet Mills authorized voter-approved senior housing bonds that were held up for three years by predecessor Paul LePage.
January 17 -
California's Governor and San Diego's mayor launch separate efforts to combat housing crisis
January 16 -
Affordable housing got a boost this week when the City Council approved tax-exempt financing for a commercial real estate firm's purchase and renovation of a large apartment complex on the city's western edge.
January 14 -
The Sacramento Housing and Redevelopment Agency plans to issue up to $25 million in tax-exempt mortgage revenue bonds to finance the renovation of 74 low-income housing units in south Sacramento. The financing does not include the addition of any new affordable housing units.
January 14 -
The tax fix is being lost in the rush by Congress to enact a temporary spending measure to keep the government operating through Feb. 8.
December 19 -
The Internal Revenue Service has told bond attorneys that the law doesn’t explicitly say that veterans are a special needs population under the rules for the tax-exemption for multifamily private activity bonds.
December 3