Navigating COVID-19 compliance during this challenging time is a struggle for many employers. The current global pandemic is something employers have not faced before. Below, we have compiled links to relevant information which may be useful during this time of uncertainty. Because the situation surrounding the global COVID-19 pandemic is constantly evolving, there may be guidance included below that may change …
A PHA Success Story in Developing Tax Credits/RAD Housing [Video Available]
Learn how the Charlotte Housing Authority succeeded in obtaining low-income housing tax credit award Congratulations to the Charlotte Housing Authority on its recent closing on the tax-credit equity financing and RAD conversion of its $14.2 million Tall Oaks redevelopment project. Part of the development costs is financed by a low-income housing tax credit award of over $8.2 million. Despite strong …
Greensboro Housing Authority Shared Valuable Expertise in RAD Portfolio Conversions [Video Available]
In 2015, the Greensboro Housing Authority (“GHA”) took a significant step in repositioning its assets by converting 893 units in eight public housing developments to project-based Section 8 units under the HUD RAD program. Some of the transactions involved FHA mortgage loans, Fannie Mae mortgage loans, tax-exempt bonds and low-income housing tax credits, and some had no outside financing at …
Property Tax Exemptions for Affordable Housing Projects [Video Available]
Filing deadlines are fast approaching in North Carolina Sherrod Banks gave a free seminar on property tax exemptions for affordable housing in North Carolina and South Carolina at the Carolinas Council Conference in Myrtle Beach, South Carolina, just in time for developers, owners and housing authorities to prepare applications for property tax exemptions for 2016. Applications for tax exemptions are …