Reserve your spot at the 2024 CDFA Federal Policy Conference on April 2-3, 2024, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and Grow America, will bring together leaders from the Biden administration, Congress, federal agencies, nonprofit organizations, and finance agencies who will discuss a range of federal legislative and policy topics. Interact with reps from the Department of the Treasury, the Small Business Administration, and the Environmental Protection Agency. Space is limited; act fast!

Affordable housing developers can now benefit from 45L tax credits significantly expanded by the Inflation Reduction Act. The maximum tax credit has nearly tripled with it now being set at $5,000 per unit. Additionally, every multi-family building is now eligible regardless of height. Coordinating with Low-Income Housing Tax Credit (LIHTC) is much easier than before and developers have more of a runway to plan.

The Inflation Reduction Act added Section 6417 to the Internal Revenue Code of 1986. Under this new section, certain taxpayers may make an elective payment, which will treat certain eligible taxpayers as making a payment against their federal income tax liability in lieu of claiming certain energy tax credits. Tax-exempt entities, state or local governments, and other specified taxpayers may make a Direct Payment Election for all applicable tax credits. Other taxpayers are eligible to make a Direct Payment Election with respect to some or all of the tax credits available under Sections 45Q, 45V, and 45X.

A recent report ranks Georgia second in the nation for clean energy projects, creating nearly 30,000 clean energy jobs. Throughout the state, new clean energy projects have spurred $23.12 billion in investment, the second highest in the nation, in four sectors − solar, batteries, electric vehicles, and other clean energy technologies.

Revolving Loan Fund WebCourse Week is returning with the intro level on May 13-14 followed by the advanced level on May 15-16. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

Baker Tilly, a leading advisory CPA firm, has unveiled a groundbreaking compliance solution designed to help clean energy projects maximize tax credits available through the Inflation Reduction Act (IRA) by adhering to Prevailing Wage & Apprenticeship requirements. This innovative tool aims to simplify the complex compliance landscape, offering a full suite of services to ensure organizations can fully leverage the financial benefits of the IRA's enhanced credits for clean energy initiatives.

The National Park Service certified historic rehabilitation projects in fiscal year 2022 totaling $7.3 billion of private investments as part of the Federal Historic Preservation Tax Incentives Program, contributing more than $13.7 billion of output in goods and services to the United States economy, generating approximately 122,000 jobs, and adding an overall $7 billion in gross domestic product (GDP).

Merchants Capital has provided more than $54 million of debt and $49 million in Low-Income Housing Tax Credit equity financing for the rehabilitation of a 21-story affordable housing property in Chicago. Merchants Capital maximized equity via a structure called "twinning," which leveraged both 4 percent and 9 percent tax credits issued by the Illinois Housing Development Authority and the City of Chicago. This syndication generated $31.8 million and $17.3 million, respectively, matched by two corresponding HUD-insured permanent loans totaling more than $22 million and two equity bridge loans totaling more than $32 million.

Intro Revolving Loan Fund WebCourse
May 13-14, 2024 - Daily: 12:00 PM - 5:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Why Bond Deals Go Bad
April 16, 2024 - 2:00 PM - 3:00 PM Eastern

>>> VIEW THE TAX CREDITS RESOURCE CENTER