News

As reported in the March 2014 issue of the Tax Credit Advisor, Fannie Mae and Freddie Mac have gradually sold their interests in LIHTC investments since being placed in conservatorship, however, the massive sale that was expected by many throughout the LIHTC industry has entirely subsided.

BOSTON, MA – TCAM announced today that it has been engaged by a bank investor to manage a fund of affordable housing properties. TCAM’s services include property oversight as well as fund management, investor reporting and fund accounting. This engagement will help expand the capacity of the bank’s asset management group and help it meet … Continue reading TCAM Announces New Engagement with Tax Credit Investor →

On April 3, the Senate Finance Committee approved the Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act to extend for two years dozens of expiring tax provisions.

We’re excited to announce that members of the TCAM team will be participating in a number of conferences in the first few weeks of April.

History can be instructive. During the 1990s savings and loan crisis government regulators strongly encouraged lenders to dump troubled assets, which they did – many at deep discounts. As a result, savvy investors were enriched.

On February 26, House Ways and Means Chairman David Camp (R-MI) revealed his long-awaited tax reform proposal, which includes some version of the Low Income Housing Tax Credit.

BOSTON, MA – Today, TCAM announced that it is offering a new service for capital providers in the affordable housing industry: asset management training.

Today, TCAM announced the promotion of Allen Feliz to Managing Director. The promotion recognizes Mr. Feliz’s role in managing the Company’s engagements with a wide range of clients, including for-profit and non-profit developers and public agencies. As Managing Director, Mr. Feliz will be part of TCAM’s senior staff setting policy and guiding the Company’s growth.

The federal Community Reinvestment Act (CRA), enacted in 1977, charges federal bankingregulators to ensure that banks, “serve the credit needs of their local communities in a safe and sound manner.

BOSTON, MA – Today, TCAM announced a new engagement with another organization that develops, owns and operates affordable housing. The client has engaged TCAM to help refine and implement strategies for an asset approaching Year 15 of the initial tax credit compliance period.