Through its Home First program, IFF constructs affordable and accessible housing for people with disabilities. Their innovative Access Housing project in Chicago's Logan Square and Humboldt Park communities used LIHTC and other funding sources to construct 54 units of community-integrated housing. These units feature designs specifically tailored for people with disabilities.

The Missouri Low-Income Housing Tax Credit program was halted by former Gov. Eric Greitens in 2017, and in 2018, no state tax credits were allocated to low-income housing development projects. Now, the state appears to be reversing course; the Missouri Senate passed bipartisan legislation that would restore the credit and cap the number of credits issued at 72.5% of the federal rate.

Legislation has been introduced in the House and Senate to make permanent the New Markets Tax Credit (NMTC). The New Markets Tax Credit Extension Act of 2019 was introduced in the House by Reps. Terri Sewell (D-AL) and Tom Reed (R-NY), and in the Senate by Sens. Roy Blunt (R-MO) and Ben Cardin (D-MD).

The bill would extend the end date for the state's historic tax credits from next year to 2030. It would also increase the amount that developers can apply toward the credit and add a new tax credit for people rehabilitating a historic building after a natural disaster.

This year, the administration is calling for the immediate elimination of the Investment Tax Credit (ITC) for solar, which is already scheduled to begin phasing down at the beginning of 2020 to only 10% as of 2022, with the individual credit disappearing altogether.

There generally are two credits for renewables, the production tax credit (PTC) and the investment tax credit (ITC). Taxpayers utilizing the PTC only can hope to salvage a portion of the credit before it disappears entirely at year's end, taxpayers utilizing the ITC have until the end of the year to qualify for the full credit before the phasedown begins.

The NJ Economic Development Authority approved three multi-million dollar Grow New Jersey tax break awards as questions linger over what that program will look like when it expires in July. The tax credits awarded will be given out to in yearly increments only if companies meet job creation and economic activity requirements.

CDFA // BNY Mellon Development Finance Webcast Series: Emerging Structures for Investing in Low-Income Communities
Tuesday, April 23, 2019 - 1:00 PM Eastern

>>> VIEW THE TAX CREDITS RESOURCE CENTER   

Public and private partners are finding ways to serve more healthy food options to economically distressed communities with a few helpings of new markets tax credits (NMTCs).

This study was published by the Lincoln Institute. The authors examine how to make property-tax incentives for business more effective. They find that governments should not approve every incentive request, target use of incentives, avoid incentive wars, cooperate with surrounding localities, and conduct regular evaluations.

>>> MORE TAX CREDIT RESOURCES