Duane Morris LLP blogs

Duane Morris Forms Team for Acquisition Rehabs wit...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy affordable_housing low-income_housing_tax_credit momjian | Affordable Housing | Thursday August 22, 2013 | By Arthur J. Momjian

Duane Morris partners Bob Archie and Art Momjian are working with Bob Jacobs of RCJ Consulting, LLC, Roy Diamond of Diamond and Associates, Eugene ("Geno") Schiavo of Kitchen and Associates, and Pierce Keating of Keating Construction Company as a...

Bipartisan Coalition Proposes Hurricane Sandy Tax ...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy momjian hurricane_sandy low-income_housing_tax_credit new_markets_tax_credits | New Markets Tax Credit Program | Thursday May 23, 2013 | By Arthur J. Momjian

U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) lead a bipartisan coalition including Reps. Joseph Crowley (D-NY), Rodney Frelinghuysen (R-NJ), Michael Grimm (R-NY), John Larson (D-CT), Frank LoBiondo (R-NJ), Charles Rangel (D-NY), Tom Reed (R-NY) and Carolyn McCarthy...

NJHMFA Announces the Fund for the Restoration of M...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy hurricane_sandy affordable_housing momjian low-income_housing_tax_credit | Affordable Housing | Tuesday April 16, 2013 | By Arthur J. Momjian

The New Jersey Housing and Mortgage Finance Agency has held two information sessions on the Additional Tax Credits/Fund for Restoration of Multifamily Housing which will be funded from the Super Storm Sandy CDBG grant provided to the State of New Jersey...

Leveraging Sandy CDBG Grants

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy hurricane_sandy low-income_housing_tax_credit momjian new_markets_tax_credits | General | Tuesday March 26, 2013 | By Arthur J. Momjian

A prominent mandate of the New Jersey, New York City, and New York State action plans is the leveraging of Sandy CDBG grants with other federal programs and private funds.   In this vein, there are several programs which are available to leverage...

Treasury Asked to Clarify Ability to Use Hurricane...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy momjian low-income_housing_tax_credit sandy | Affordable Housing | Wednesday January 09, 2013 | By Arthur J. Momjian

In anticipation of the tax exempt bond financing to be provided by the Hurricane Sandy and National Relief Act of 2012, the Treasury has been requested to clarify the ability to finance the acquisition and rehabilitation with...

Congress Extends New Markets Tax Credit Program, M...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy new_markets_tax_credits momjian low-income_housing_tax_credit | New Markets Tax Credit Program | Wednesday January 02, 2013 | By Arthur J. Momjian

The American Taxpayer Relief Act of 2012 passed by Congress yesterday extends several Federal tax credit benefits critical to the development of affordable housing, low-income community development, and renewable energy.   The Act authorizes...

Senate to Vote on Hurricane Sandy Bill

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy new_markets_tax_credits momjian hurricanse_sandy low-income_housing_tax_credit | Affordable Housing | Monday December 24, 2012 | By Arthur J. Momjian

Voting 91 to 1, Senate Democrats and Republicans joined to move for a vote this week on the Hurricane Sandy and National Relief Act of 2012.   This $60.4 billion Bill would fund recovery efforts in states affected by Hurricane Sandy.   If passed...

Senate Proposes Hurricane Sandy and National Relie...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy new_markets_tax_credits new_jersey low-income_housing_tax_credit momjian hurricanse_sandy | General | Tuesday December 11, 2012 | By Arthur J. Momjian

The Senate introduced a summary of the proposed Hurricane Sandy and National Relief Act of 2012. The major provisions of the Act include special allocations of Federal New Markets Tax Credit authority, Federal Low-Income Housing tax credit allocation; and...

A New Look at the 4% Federal Low-Income Housing Ta...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy tax_credits low-income_housing_tax_credit momjian | Subsidized Financing Programs | Wednesday November 14, 2012 | By Arthur J. Momjian

During the past several years as a result of reduced federal and state subsidies, the 4% Federal low-income housing tax credit has been an infrequently used Federal subsidy. However, with the competitiveness and unclear future of the Federal New Markets Tax...

IRS Provides Relief for LIHTC Projects Affected by...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy momjian low-income_housing_tax_credit | Affordable Housing | Tuesday November 06, 2012 | By Arthur J. Momjian

The Internal Revenue Service has issued Notice 2012-68 in which it suspends certain requirements under § 42 of the Internal Revenue Code for low-income housing credit projects to provide emergency housing relief needed as a result of the devastation...

Developing Real Estate Projects - A New Look at Ol...

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy tax_credits momjian new_markets_tax_credits low-income_housing_tax_credit | General | Friday October 12, 2012 | By Arthur J. Momjian

The change in focus of the Federal New Markets Tax Credit Program to non-real estate businesses together with the high demand on the Program has deprived the real estate industry of a very valuable financing subsidy.  Developers could use the New...

Twinning the New Markets Tax Credit

New Markets Tax Credit, Affordable Housing, and Super Storm Sandy momjian new_markets_tax_credits low-income_housing_tax_credit community_development_entities | New Markets Tax Credit Program | Wednesday May 30, 2012 | By Arthur J. Momjian

While the Federal New Markets Tax Credit Program and the Federal Low-Income Housing Tax Credit Program are mutually exclusive – the former available for non-residential property and the latter available for residential rental property – the New Markets Tax...


Combined RSS feed for site. For a combined RSS feed for this site, right-click, copy link and paste into your newsfeed reader

Search blogs






To subscribe via email to a
combined RSS feed of this entire site,
enter your email address & click Subscribe.