The Tax Exempt Bond
Division administers VCAP to help governmental issuers resolve violations of the federal tax laws applicable to their tax-exempt bonds, tax credit bonds, or direct pay bonds.
The organization, along with a number of other groups, formed the Tax Exempt Bond
When asked why he robbed banks, Willie Sutton responded, "Because that's where the money is." A similar spirit has informed the early efforts of the Internal Revenue Service's Tax Exempt Bond
(TEB) Group in its choice of which bonds to audit.
THE PENNSYLVANIA HOUSING FINANCE AGENCY (PHFA), Harrisburg, Pennsylvania, is allocating $32.65 million of tax exempt bond
authority for rental housing developments in Philadelphia and Allegheny County.
Albee Development plans to use $20 million in tax exempt bond
financing to spur construction of its City Point development project.
Thirteen of the round three Cornerstone sites proposed funding from HDC programs: HDC's New Housing Opportunities Program (New HOP), an initiative designed to meet the affordable housing needs of middle income New Yorkers; HDC's Tax Exempt 80/20 Program, which creates affordable housing for low-income tenants in some of the most desirable locations in the City; and HDC's Low-Income Affordable Marketplace Program (LAMP), which combines the use of tax exempt bond
financing with Federal Low Income Housing Tax Credits and other subsides to produce housing affordable to those earning less than 60% of area median income.
Farrell Fritz, PC announced that Peter Curry, a partner in its new Melville office, represented Michael Reilly Designs, Incorporated and its affiliate, Plant 7 Calverton, Inc., in a $7.1 million tax exempt bond
financing with the Town of Riverhead Industrial Development Agency on Oct.
* Completed a merger with American Tax Exempt Bond
Charter Municipal Mortgage Acceptance Company and American Tax Exempt Bond
Trust jointly announced that the merger of ATEBT with and into a wholly-owned subsidiary of CharterMac, CM Holding Trust, was finalized and certificates were mailed to shareholders on Nov.
In addition, most sites are eligible for wage tax credits, investment credits, utility rate reductions, employee training benefits and tax exempt bond
The New Jersey Economic Development Authority, an independent self-supporting state agency, has issued a $17.86 million tax exempt bond
to help finance the project.
The execution utilized publicly-issued tax exempt bonds
and 4% tax credit equity, provided by PNC Bank, to fund approximately USD 11 million in repairs, renovations and upgrades to the community.