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Federal tax credit programs that are essential to affordable housing production are under threat

Federal tax credit programs that are essential to affordable housing production are under threat
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Last week's "Affordable Housing Summit,"sponsored by Bisnow, a leading online e-letter and information service on real estate, was excellent, with two stellar panels on affordable housing financing and production.

Left: Reznick's Mark Einstein(left, with moderator Herb Stevensof Nixon Peabody) filled the crowd in on historic tax credits, which can equal up to 20% of a company's rehabilitation expenditures. Photo credit and caption: Bisnow.

Federal tax credit programs produce affordable rents, not just housing

Fred Copeland of the Reznick Group a national accounting firm specializing in real estate finance, made the point that federal tax credit programs--there are three programs, Low Income Housing Tax Credits, Historic Preservation Tax Credits, and New Markets Tax Credits, and certain of... [via Urbanplacesandspaces]

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