IRS Ruling Could Turn Into Deterrent for Multifamily Home Financings

Vadum, Matthew
August 2004
Bond Buyer;8/2/2004, Vol. 349 Issue 31938, p5
Trade Publication
Reports on the issuance of a new revenue ruling by the U.S. Internal Revenue Service that would deter developers from financing multifamily housing with tax-exempt bonds. Overview of the rulings; Relevance of the ruling to the status of tax credits; Impact of the rulings on the attitude of owners to do projects with tax-exempt bonds; Application of the rulings to low-income housing tax credits.


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