Technical Assistance


Tax Credits Finance Update - May 22, 2018

Tax Credits Finance Update
May 22, 2018
View Archives
Tax Credits Finance Update


Small Business Development & Impact Investing White Paper
CDFA's new Small Business Development & Impact Investing White Paper documents the potential of a collaboration between Impact Investors and high performing Development Finance Agencies (DFAs) to fill the capital gaps facing small businesses and to accelerate DFAs as a major source of capital to enable small businesses to grow, create jobs and spur economic and community development.

CDFI Fund Opens $3.5B CY 2018 NMTC Allocation Round
The Community Development Financial Institutions (CDFI) Fund today opened the calendar year 2018 New Markets Tax Credit (NMTC) allocation round. A notice of allocation availability will be published Friday, making $3.5 billion available for the current round. Applications for allocation authority are due June 28.

NMTCs Help Families Get Energy-Efficient Homes in Santa Fe, NM
Homewise received a $5 million NMTC allocation from the Housing Partnership Network (HPN) to rehabilitate an area in a severely distressed census tract in Santa Fe by building and selling about 20 single-family homes as part of the El Camino Crossing development.

New York City Regional Center Closes First New Markets Tax Credit Transaction
To receive $65 million in New Market Tax Credit allocations from the U.S. Department of Treasury, the NYCRC was required to demonstrate a mission and track record of providing investment capital for low income communities.  Since its designation in 2008 by the United States Citizenship and Immigration Services, the NYCRC has secured over $1.5 billion of EB-5 capital for twenty-one economic development projects.

$7.4M Conversion of Former School into Apartment Funded by TCs
Low-income housing tax credits allocated by Michigan State Housing Development Authority and historic credits from the National Park Service helped fund the $7.4 million project. PNC purchased the tax credits and provided the construction, bridge and permanent loans.

LIHTC Property Performance Improves
In 2016, LIHTC portfolios, on a median basis, had a 97.9% occupancy rate, a 1.40 debt-coverage ratio (DCR), and a $688 per-unit per annum net cash flow, reported the firm, which recently examined data collected from about 23,000 properties with nearly 1.7 million LIHTC apartments.

Delaware Passes of Angel Investor Tax Credit Legislation
The Job Creation and Innovation Act for Small Technology Companies (HB 170) provides 25% in tax credit, up to $125,000, to each angel investor who invests over $10,000 in a qualified Delaware company. Investors need not be Delaware residents.

VHFA Awards Tax Credits for Affordable Housing Developments
The $3.5 million in ten-year federal capped credits, $319,000 in ten-year federal uncapped "bond" credits and $173,000 in five-year state credits will support the development of 251 apartments in eight communities across the state.

WI Housing Tax Credit Program Signed Into Law
Wisconsin Governor Scott Walker signed Act 176 into law establishing a Wisconsin housing tax credit program. The new state program provides a tax incentive for private investment in the development or rehabilitation of affordable rental housing.

U.S. Wind Farm Construction Poised to Boom as Tax Credit Wanes
Wind farm developers may add as many as 25 gigawatts of capacity in 2019 and 2020 as the scheduled 20 percent reduction in the production tax credit spurs an unprecedented building boom.

Farmers and Food Banks Reaping Rewards from Tax Credit
Approved growers are entitled to a state tax credit of up to 30 percent of the fair market value of a donation, not to exceed $5,000. The maximum amount the credit allows for all qualifying taxpayers is limited to $250,000 per fiscal year.

Upcoming Events
Intro Public-Private Partnership (P3) Finance WebCourse

A New Paradigm: Impact Investing Through Development Finance Agencies
May 30, 2018 - 2:00 - 3:30 PM Eastern
During this webinar you will hear from several pioneer DFAs about how they are working with foundations to leverage impact investments. This webinar is free for all CDFA members so tune in and learn more about this exciting new prospect for DFAs across the country!

More Headlines

Denver's Arroyo Village Project Supported by Creative Finance
Colorado Real Estate Journal | May. 14 | Access to Capital | Community Reinvestment Act (CRA) | Public-Private Partnership (P3) Financing | Tax Credits

Mix of Tax Credits Brings Back Legendary Buildings in Jacksonville
Novogradac & Company | May. 9 | Access to Capital | Tax Credits

K&D Launches Work On Terminal Tower Remake in Cleveland, OH
Crain's Cleveland Business | May. 7 | Bond Finance | Brownfield Financing | Tax Credits

LIHTC Aids Affordable Housing Complex in NJ
My Central Jersey | May. 3 | Access to Capital | Tax Credits | U.S. Dept. of Housing & Urban Development (HUD)

How the BEAT Could Affect Renewable Energy Investing
Novogradac & Company | May. 3 | Access to Capital | Energy Finance | Tax Credits

Rhode Island Housing Approves LIHTC for Three Developments
Providence Journal | Apr. 30 | Access to Capital | Tax Credits

PA Awards $43.4M in Housing Tax Credits
PA Housing Finance Agency | Apr. 24 | Tax Credits | U.S. Dept. of Housing & Urban Development (HUD)

Monarch Private Capital Closes $14.4M HTC Transaction
Business Wire | Apr. 24 | Access to Capital | Brownfield Financing | Historic Preservation | Tax Credits

Developer Transforming Riverfront Warehouse in Pittsburgh, PA
TRIB Live | Apr. 24 | Brownfield Financing | Tax Credits

New Additions to the Online Resource Database

Housing Tax Credit Investments: Investment and Operational Performance
Community Development | Tax Credits
This report is the seventh in a series of periodic reports issued by CohnReznick LLP that address the performance of properties financed with federal low-income housing tax credits.

The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

Install CDFA's iOS appInstall CDFA's Android app


Displaying 1 - 30 of 51

July 28, 2020
June 23, 2020
May 26, 2020
April 28, 2020
March 24, 2020
February 25, 2020
January 28, 2020
December 24, 2019
November 26, 2019
October 22, 2019
September 24, 2019
August 27, 2019
July 23, 2019
June 25, 2019
June 11, 2019
May 28, 2019
April 23, 2019
March 26, 2019
February 26, 2019
January 22, 2019
November 27, 2018
October 23, 2018
September 25, 2018
August 28, 2018
July 24, 2018
June 26, 2018
May 22, 2018
April 24, 2018
March 27, 2018
February 27, 2018

CDFA National Sponsors

  • Baker Tilly Virchow Krause
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McCarter & English, LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor