BLUFFTON, S.C. (WSAV) — Affordable and workforce housing has been the talk of the Lowcountry for years. Now, one local town isn’t just talking about it, they are acting. The Town of Bluffton and the developer, Workforce State of Mind, LLC, have partnered to build......
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......
Checking in from sunny Amelia Island! ☀️ Jesse Speltz is attending CBA of Georgia Connect Conference at the Ritz Carlton this week. Have a great conference, Jesse!...
It was another record-setting year for revenue generated by Georgia-made film and television productions. Governor Brian Kemp announced in August that film and television industry productions spent $4.4 billion in Georgia during the fiscal year 2022. “When the pandemic struck, we worked hard in Georgia......
Savannah’s historic Manger building may be converted (back) to hotel About 37 years after it was converted into an office building, the historic Manger building overlooking downtown Savannah’s Johnson Square may be returning to its roots. A zoning amendment approved by the Metropolitan Planning Commission......
SAVANNAH, Ga. (WSAV) — The late Savannah civil rights pioneer W.W. Law was honored on Tuesday. Community leaders and representatives from the Historic Savannah Foundation gathered at Law’s home to unveil a historic marker at the site. Law lived there until his death in 2002.......
Today is Jesse Speltz’s 2nd Anniversary with Cabretta Capital! Jesse is our Director of Tax Credit Investments and is an expert in his field. Jesse is critical to the success of our company and we are lucky to have him! Thank you for all you......
Washington, DC, August 23, 2022-Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo......
Brent Watts, president of Cabretta Capital, on the financial sector’s performance and the complexities of housing credit investment. NOV 11, 2020 – By Timea-Erika Papp The demand for affordable rental housing has long been a pressing issue throughout the U.S. The low-income housing tax......
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......
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......
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......
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......
By Les Shaver | June 15, 2020 at 06:58 AM | The original version of this story was published on Globe Street Certain investors have until the end of the year to roll over capital gains into Opportunity Zone funds. The Internal Revenue Service in early June provided Opportunity Zone investors......
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......
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......
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......
By Riley Bunch rbunch@cnhi.com Apr 8, 2020 Jill Nolin | The Valdosta Daily Times A wall is designed to protect the fictional town of Alexandria from zombies as well as fans of the popular AMC show ‘The Walking Dead.’ ATLANTA — While demand for movies and......
Published by H. Blair Kincer on Thursday, April 16, 2020 – 12:00am The coronavirus pandemic, or COVID-19, is having a huge impact on global health and the economy. At this time, opinions from low-income housing tax credit (LIHTC) investors and syndicators present a wide range......
April 5, 2020 Dean Boerner, Bisnow San Francisco Although all of commercial real estate has entered the world of uncertainty that is April 2020, it can be safely said the affordable housing crisis isn’t going anywhere. How equipped the multifamily sector is to address that......
‘Stranger Things’, Donald Glover’s ‘Atlanta’, AMC’s ‘The Walking Dead’, ‘Tyler Perry’s The Oval’, John Cena’s ‘Vacation Friends’ have all been halted. Author: Ryan Dennis (11Alive) Published: 12:15 PM EDT March 16, 2020 Updated: 3:18 PM EDT March 17, 2020 ATLANTA — Following President Trump’s order for businesses and......
By Rebecca Fenwick Posted Feb 6, 2020 at 5:54 PM Have you ever heard someone in the construction industry bemoan the costs associated with historic rehabilitation? “It would have been cheaper to build it new,” is a common lament. Often, however, money is left on the table, as many......
DIANE COSTAGLIOLA MARCH 5, 2020 in MORTGAGES At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. Jennifer Photography Imaging/Getty Images Maybe you’ve been......
Thu, 02/27/2020 – 6:01pm admin The Illinois Department of Natural Resources, IDNR, recently announced the second round of recipients for a new statewide historic preservation income tax credit program. The program encourages private investment in historic properties in Illinois. The second round allocated credits to......
Feb 18, 2020 Mark Wilson, Gonzalo Marquez and Michael Thompson are shown near their studio. “Location is everything, and Decatur offers a diverse community, so we are excited to be here,” Marquez said. (Lily Oppenheimer/WABE) BY LISA RAYAM, LILY OPPENHEIMER, WABE Greater Decatur, GA –......
Post written by Zachary Ulman COO and a partner at Lincoln Avenue Capital, one of the nation’s fastest-growing developers, investors, and operators of affordable housing. Photo: Getty Housing does more than provide physical shelter: It gives people a sense of belonging, a safer living environment......
Enlarge Since November 2017, 52 commercial and industrial properties have sold in Atlanta Opportunity Zones, funneling a total of $78 million in new capital to those areas. Dan Reynolds Photography By Heather Martin – Contributor Sep 25, 2019 Atlanta’s population and job numbers are booming.......
Published by John M. Tess on Thursday, January 9, 2020 As a new decade begins, there is value in contemplating opportunities for using the 20 percent federal historic tax credit (HTC) program in real estate redevelopment. From a financial perspective, the program is very attractive.......
https://www.wtoc.com/2020/01/23/historic-savannah-foundation-hosts-revitalization-tour/ January 22, 2020 at 10:43 PM EST – Updated January 22 at 11:46 PM SAVANNAH, Ga. (WTOC) – Lots of improvements are happening in the Thomas Square/Starland Neighborhoods. Wednesday night the Historic Savannah Foundation’s 13th Colony hosted a Revitalization Tour. It started at a......
By Mike Stover When tax season arrives, everyone wants to know the magic trick to lower their tax burden. But terms like credits, exemptions, and deductions often have clouded meanings. Are they the same thing, or does each have a distinct purpose? Do I as......
POLITICAL INSIDER Dec 31, 2019 By Jim Galloway Georgia’s generous tax credits to film and TV production companies have sparked a billion-dollar studio boom here. This is a solid fact. The question now is whether the financial lure will remain a sacred cow in a......
By Doug Walker DWalker@RN-T.com Craig Dominey, manager of the Camera Ready program for the Georgia Film Commission, tells Rome hospitality association leaders the exponential increase in production would not have happened without a tax credit incentive program adopted about 16 years ago. Public officials and......
http://www.11alive.com/video/news/entertainment-news/too-much-tax-money-paid-to-ga-film-industry/85-2f76b2ed-a20b-407e-8de1-ecd23b5c5456?jwsource=cl But lawmakers aren’t ready to undo tax credit Author: Doug Richards Published: 4:46 PM EST January 8, 2020 Updated: 6:59 PM EST January 8, 2020 ATLANTA — Though it’s come under fire in two separate state-backed reports, Georgia lawmakers appears to be sticking behind the government program......
Jan. 6, 2020, 5:00 AM Forrest Milder walks us through highlights of the recently finalized Opportunity Zone regulations under tax code Section 1400Z-2. He praises the IRS for including a great deal of flexibility in these regulations, but he also cautions that many technical and......
David Sjoquist December 22, 2019 5:26 pm By Guest Columnist CHRIS WOMACK, executive vice president and president of external affairs for Southern Company Without federal tax policy that fueled sorely needed capital investment in her long-neglected community, Gloria Kitchens might not be where she is today......
Spending Bill Signed Into Law Today Authorizes $1.5 Billion Increase in Allocation WASHINGTON, Dec. 20, 2019 /PRNewswire/ — The Fiscal Year 2020 appropriations bill , H.R. 1865, signed into law today by President Trump, includes a one-year, $5 billion extension of the New Markets Tax Credit......
Steven Bertoni Forbes Staff Opportunity Zones have been having a rough time in the press. The tax policy—bipartisan, market based, and designed to inject billions of dollars into long overlooked communities—has recently been cast in the media as another tax loophole for billionaires, giving investors......
One SC homeowner saved $700K renovating his historic house. You may save, too. By Robert Behre rbehre@postandcourier.com May 5, 2019 This house at 93 Broad St., which underwent one of the most thorough restorations in Charleston’s history, is the largest historic homeowner tax credit in......
New Poll: Nearly All Americans Want Congress to Extend Clean Energy Tax Incentives Extending Clean Energy Tax Credits Would Fulfill 25% of U.S. Paris Climate Agreement Tuesday, Dec 03 2019 Press Release A new survey released today shows that Americans overwhelmingly support extending tax incentives for clean energy......
NEWS RELEASE Federal Historic Preservation Tax Incentives Generated $7.4 Billion in GDP and 129,000 Jobs in 2018 Federal Historic Preservation Tax Incentives Program Generates $176.2 Billion in GDP Since 1978 Photo Credit: Trent Bell 17 Alfred Street store front News Release Date: October 2, 2019 Contact: NewsMedia@nps.gov......
‘Opportunity Zones’ hope to bring economic boost to Savannah communities By Jessica Savage | November 12, 2019 at 5:31 PM EST – Updated November 12 at 7:24 PM SAVANNAH, Ga. (WTOC) – A federal initiative meant to transform poor communities by offering lucrative tax breaks......
AFFORDABLE HOUSING FINANCE Historic Tax Credit Fuels Housing Development The federal program rehabilitated 6,994 housing units and created 12,527 units in fiscal 2018. The federal historic tax credit helped rehabilitate or produce more than 6,000 low- and moderate- income housing units in fiscal 2018, according......
AFFORDABLE HOUSING FINANCE Bill Introduced to Expand Access to Historic Tax Credit Senators seek to make smaller projects more feasible. By Donna Kimura A group of bipartisan senators has introduced legislation to expand the historic tax credit (HTC) and encourage the redevelopment of smaller projects.......
For Immediate Release. Wednesday, October 23, 2019 WASHINGTON — A bipartisan group of more than 230 mayors called on federal lawmakers Monday to support the continued growth of clean energy and extend the investment tax credit (ITC). The ITC, which allows customers to save 30......
Cabretta Capital, a specialty finance firm with expertise in structured tax credit equity funds, recently opened a new office located at 2108 Drayton St. in Savannah, Ga. Previously located on 41st Street in downtown Savannah, Cabretta’s new office includes additional team members and expanded client......