More than 50 members of Congress are calling on House leadership to include an expansion of the low-income housing tax credit (LIHTC) in year-end legislation. The representatives urged action in a Nov. 28 letter to House Speaker Nancy Pelosi (D-Calif.) and Minority Leader Kevin McCarthy (R-Calif.), citing a...
ATLANTA — Georgia’s film industry took off after the General Assembly significantly strengthened the state income tax credit for movie and TV productions in 2008. The industry’s annual economic impact has soared from a relatively paltry $242 million the year before lawmakers upped the ante on...
By Reba Hull Campbell Richard Burts, Robert Lewis, and Bob McConnell bought 701 Whaley in Olympia in 2006. Over the course of the next two years, they restored the building so it could be used as an event space and as office space. Photography by Clark...
Published by Mark O’Meara on Tuesday, June 2, 2020 While COVID-19 is affecting the global economy, low-income housing tax credit (LIHTC) investors and syndicators say the tax credit equity market is still active. “Investors are continuing the course. They are moving forward on projects and continuing their business plans,” said...
By Astrid Martinez Published: Jul. 10, 2020 at 11:27 PM EDT ATLANTA Ga. - Coronavirus is affecting state’s economies in so many ways. And here in Georgia, shutdown orders have brought the state’s film industry to a halt. Now unions and guilds that represent film and TV workers have released...
It is not just that housing costs are too high, but that incomes are too low, says a Tufts urban planning professor “The COVID-19 outbreak and stay-at-home orders shine a spotlight on the fundamental importance of housing,” said Shomon Shamsuddin. By Kalimah Redd Knight June 2, 2020 America is...
May 19, 2020 Jarred Schenke, Bisnow Atlanta A Three weeks ago, the phones at Atlanta film production studio Mailing Avenue Stageworks finally started ringing again. Production houses are starting to ask Georgia studio owners about available space, expecting to ramp up the start of film and TV series...
The low-income housing sector won’t be greatly affected and will recover quicker than other real estate categories. By Tasha Norman | May 15, 2020 at 05:14 PM The COVID-19 crisis is leading to economic uncertainty and it is predicted will result in an economic recession. Yet, according to studies, the...
The South Carolina General Assembly passed the Workforce and Senior Affordable Housing Act on May 12, 2020, and the Act was signed into law by the Governor on May 14, 2020. The Act is effective for qualified projects placed in service after January 1, 2020...
INSIGHT: Reverse Loophole Exploited by IRS Threatens Economic Revitalization May 12, 2020, 10:14 AM The IRS is taking advantage of a “reverse loophole” to deny a benefit to taxpayers intended by Congress. Jenny Johnson Ware of McDermott shows how the IRS is denying conservation easement deductions to...