Author Archives:

There is no excerpt because this is a protected post.

There is no excerpt because this is a protected post.

Real estate developers, investors and professionals are invited to attend the 2013 LOCUS Leadership Summit, taking place on June 4 and 5, 2013 in Washington, DC.

This year’s Summit, titled “Bringing the Market to the Hill: Realigning the Federal Role in Real Estate,” will convene real estate professionals from across the country to connect with members of Congress and discuss how federal policies and investments can support more walkable, sustainable developments and lead to a growing economy.

Participants will hear from industry leaders and chief policymakers on a variety of topics including programs such as the New Markets Tax Credit and TIFIA, best practices for developing smart growth, and the role of policy reform in sustainable development.

There is no excerpt because this is a protected post.

Thank you to everyone who joined LOCUS: Responsible Real Estate Developers and Investors yesterday for an online presentation about using the recently modified federal loan program, Transportation Innovative Financing Infrastructure Act (TIFIA) to finance TOD projects. Presenters: Duane Callender, Director …

There is no excerpt because this is a protected post.

Trumbull Park Homes, a low-income housing development in Chicago, Illinois. Photo by Robert R. Gigliotti via Flickr.

In January, Smart Growth America released Federal Involvement in Real Estate, a survey of over 50 federal programs that influence real estate in some way. This post is the second in a series taking a closer look at some of the programs included in that survey.

Congress began the Low-Income Housing Tax Credit (LIHTC) program in 1986 to incentivize the private sector to develop more affordable rental units for low-income households. Since its creation, the credit has created or preserved nearly two million affordable rental units across the country.

The program offsets investors’ federal income tax liabilities, but the responsibility for administering the program is delegated to the states. States designate housing credit agencies to distribute a pool of tax credits from the U.S. Department of Treasury based on their population. In 2010, the amount of credits agencies received was equal to the greater of $2.10 per capita or $2,430,000. For example, the population of Oklahoma in 2010 was about 3.6 million people, so the state received about $7.7 million in tax credits, or 3.6 million multiplied by $2.10.

In this issue: Please register for the Coalition and Lobby Day Meetings (March 20-21st) and please book your hotel room for the Coalition and Lobby Day ASAP – Deadline is Feb. 25th SGA Coalition Member Survey Call for proposals – …

The Parker Ranch installation in Hawaii. Photo by the U.S. Department of Energy.

Earlier this month, Smart Growth America released Federal Involvement in Real Estate, a survey of over 50 federal programs that influence real estate in some way. This post is the second in a series taking a closer look at some of the programs included in that survey. Today’s post is about Qualified Energy Conservation Bonds .

Qualified Energy Conservation Bonds (QECBs) give state and local governments a low-cost financing option to encourage energy conservation.

Funding from the program has been used to retrofit public buildings, to power buildings with renewable energy, and to improve public transit infrastructure. Authorized by Congress as part of the 2008 Energy Improvement and Extension Act, the original legislation allocated $800 million in federal funding to the effort and has since been increased to $3.2 billion as a result of the 2009 American Recovery and Reinvestment Act. As of July 2012, about $760 million in allocated funding had been spent. Because QECBs do not have to be spent within a certain time period, a great deal remains untapped.

There is no excerpt because this is a protected post.