News & Analysis as of

Real Estate Development Construction Project Tax Credits

Ballard Spahr LLP

Case Study: Innovative Affordable Housing Financing in Fairfax County, Virginia

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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

Vorys, Sater, Seymour and Pease LLP

Material Changes Transform the Ohio TMUD Tax Credit

The new Ohio budget signed June 30, 2025 (the Budget Bill or HB 96) enacts substantial changes to Ohio Revised Code Section 122.09, the Transformational Mixed-Use Development Tax Credit (TMUD Tax Credit). The TMUD Tax...more

Goulston & Storrs PC

Boosting Boston’s Housing: City & State Partner to Overcome Market Challenges

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According to recent news coverage, about 30,000 housing units proposed for Boston are approved by the Boston Planning Department (BPD) yet unable to break ground due to market conditions. In response, the Wu administration,...more

Kohrman Jackson & Krantz LLP

Rural Historic Tax Credit Preservation Act Aims to Revitalize Small Markets

Last month, U.S. Senate Energy and Public Works Committee Chairman Shelley Moore Capito (R-WV) and U.S. Senator Mark Warner (D-VA) have reintroduced the bipartisan Rural Historic Tax Credit Preservation Act (S. 631). At a...more

Pullman & Comley - For What It May Be Worth

Public Hearing Today on Connecticut Bills to Spur Residential Development on Commercial Sites

Today, March 4, 2025, the Connecticut General Assembly's Housing Committee will hold a public hearing on two bills designed to incentivize the development of housing on the sites of commercial and retail properties....more

Ballard Spahr LLP

Seattle Passes Bill to Incentivize “Office-to-Residential” Conversions

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The Seattle City Council passed Council Bill 120937 on February 11, 2025, aimed to encourage developers and commercial property owners to convert underutilized commercial properties into residential housing. Set to take...more

Seyfarth Shaw LLP

House Representatives Introduce Bipartisan Bill to Facilitate Residential Conversions of Buildings

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On July 12, 2024, a bipartisan bill was introduced in the U.S. House of Representatives titled the “Revitalizing Downtowns and Main Streets Act” (H.R. 9002) (the “Bill”), which, if enacted, will provide an investment tax...more

Stikeman Elliott LLP

Enhanced GST/HST Rebate for Purpose-Built Rental Housing: Latest Developments

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Incentivizing construction of new rental homes is a key policy priority for Canadian governments. As discussed in an earlier post, the federal Department of Finance issued a news release on September 14, 2023 relating to...more

Polsinelli

Not-For-Profits Gain Access to Historic Tax Credits with Enactment of Missouri HB 2062

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On May 16, Missouri passed HB 2062 modifying the state’s existing Historic Tax Credit (HTC) program. The bill alters the program in several significant ways. The program will now feature a year-round application cycle,...more

Burr & Forman

South Carolina Extends and Increases the State Abandoned Buildings Revitalization Tax Credit

Burr & Forman on

On May 20, 2024, South Carolina Governor Henry McMaster signed into law S.1021, a new law that extends and increases tax credits available to taxpayers who rehabilitate or renovate an existing, abandoned building. The new law...more

Polsinelli

Alabama To Offer State Tax Credit for Federal 4% LIHTC Projects

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As affordable housing has continued to be a topic of concern across the United States, states are evaluating ways to spur and support affordable housing development. In response to affordable housing needs, Alabama became the...more

Polsinelli

Colorado General Assembly Passes Trendsetter Affordable Housing Initiatives

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Colorado’s General Assembly passed two bills this legislative session dedicated to improving the state of affordable housing in Colorado. HB24-1316 and HB24-1434 aim to supplement the State’s oversubscribed affordable housing...more

Pullman & Comley - For What It May Be Worth

Connecticut Bill Aims to Incentivize Commercial to Residential Building Conversions

National and local news has been replete with stories discussing the challenges and benefits of converting underutilized commercial properties such as office buildings into needed housing.  A recently introduced bill pending...more

Bilzin Sumberg

Live Local Act 2024 vs 2023 - Everything You Need to Know

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Yesterday, the Florida Senate on the opening day of legislative session unanimously passed by a vote of 40 to 0, Senate Bill 328 also known as the “Live Local Act 2024”. SB328 is in response to a mix of reactions to the...more

Pillsbury - Gravel2Gavel Construction & Real...

Bill Proposes First-Ever Federal Workforce Housing Tax Credit for Middle-Class Housing

Legislation was recently introduced to the U.S. Senate and House of Representatives proposing the creation of the first-ever Workforce Housing Tax Credit (WHTC) for middle-income housing developments....more

Ballard Spahr LLP

New Inclusionary Housing Mandates for Baltimore City

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Summary - The Baltimore City Council has passed a new inclusionary housing law which will require most new multifamily, market-rate projects to make at least 10% of their units available to households with limited incomes,...more

Goulston & Storrs PC

Reimbursement for Remediation: Massachusetts Brownfields Tax Credits Program Extended

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Today Governor Maura Healy signed legislation extending the eligibility deadlines for the Massachusetts Brownfields tax credits program by five years. The legislation had been included in the budget bill, which had recently...more

Polsinelli

Texas Offers State Low-Income Housing Tax Credits

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Texas Governor Greg Abbott (R) recently signed Texas House Bill (H.B.) 1058, making Texas at least the 28th state, plus the District of Columbia, to offer state low-income housing tax credits to bridge the growing affordable...more

Polsinelli

Rhode Island State LIHTC: Another Step Towards Affordable Housing

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Rhode Island joins 26 other states in offering state low-income housing tax credits to bridge the growing affordable housing gap in the United States. Rhode Island Governor Daniel McKee recently signed the FY24 RI Ready...more

Goulston & Storrs PC

New Massachusetts Brownfields Tax Credits Regulations Just Released

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The Massachusetts Department of Revenue (DOR) issued final regulations effective July 9, 2021 (the Regulations) that are intended to aid in the implementation of the Massachusetts Brownfields Tax Credits program, which was...more

Orrick, Herrington & Sutcliffe LLP

Developers and Tax Equity Investors Receive Section 45Q Carbon Capture and Sequestration Credit Program Guidance

The IRS issued guidance in February 2020 for the Section 45Q tax credit program, which is aimed at supporting carbon capture and sequestration. The guidance reflected comments received by the IRS in response to Notice...more

Holland & Knight LLP

West Coast Real Estate Update: January 2017 #1

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Proposed Landmark Rules Could Make LA Redevelopment More Difficult - Los Angeles City Council Member Jose Huizar has proposed a new set of rules that could make it more difficult for owners of historic properties in Los...more

McAfee & Taft

Gavel to Gavel: State tax credits needed

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Drive through any downtown in Oklahoma, and you’re bound to see one. A remnant from the community’s history, now boarded up or perhaps just not being used to its full potential. The bones are still there. You can see them,...more

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