A major affordable housing development underway in Fairfax County, Virginia, is setting a new precedent for large-scale, multi-phase transactions in high-cost suburban markets. Located adjacent to the County’s Government...more
7/31/2025
/ Affordable Housing ,
Construction Project ,
Financing ,
Housing Market ,
LIHTC ,
Loans ,
Multi-Family Housing ,
Municipalities ,
Real Estate Development ,
State and Local Government ,
Tax Credits ,
Virginia ,
Zoning Laws
Summary -
The IRS has extended certain deadlines relating to affordable housing projects with Low Income Housing Tax Credits (LIHTC) under Section 42 of the Internal Revenue Code of 1986, as amended (the Code) or financed...more
Summary -
The IRS released Revenue Ruling 2021-20 and Revenue Procedure 2021-43 to address uncertainty about whether the minimum 4% applicable percentage (4% minimum rate) under the federal income tax code applies to...more