IRS Audits Illinois' 1990 $38 Million Retirement Home Deal

Kinnander, Ola
November 2000
Bond Buyer;11/17/2000, Vol. 334 Issue 31020, p6
Trade Publication
Reports the management audit of Internal Revenue Services (IRS) for the 1990 retirement housing project of Illinois Development Finance Authority. Concerns of IRS for the replacement provisions of arbitrage rules; Implication of a ground lease for land ownership and bonds transaction; Views of lawyer David Walton on defeased bonds.


Related Articles

  • The race to relax. McCrerey, Linda // Colorado Business Magazine;Mar1998, Vol. 25 Issue 3, p16 

    Focuses on the retirement housing projects of Colorado. Demographical information of the Colorado Division of Local Government signaling a long-term need for more housing; Number of personal care boarding homes and assisted-living facilities licensed by the Colorado Department of Health; Details...

  • State reports.  // Journal of Housing & Community Development;May/Jun99, Vol. 56 Issue 3, p39 

    Reports on public housing developments in the United States as of May 1999. Conversion of abandoned school building into affordable senior housing facilities in Illinois; Launch of low-interest mortgage program in Maryland.

  • Paric completes $42-million housing project in Indiana.  // Journal on Active Aging;Jan/Feb2009, Vol. 8 Issue 1, p14 

    The article reports on the $42-million senior housing project completed by Paric Corp. in Carmel, Indiana. It states that the continuing care retirement community project is considered the first developments in the city. It notes that the completed senior housing includes an indoor pool,...

  • Retirement homes get levy reprieve. Carpenter, Jamie // Planning (14672073);1/17/2014, Issue 1974, p7 

    The article offers information on the decision of retirement home developers, Churchill Retirement Living and McCarthy & Stone to drop their objection to a levy proposed by Hertsmere Borough Council, after they were made to understand that the scheme is for regular housing projects only. Topics...

  • Social Entrepreneurs. Slavin, Al // Best's Review;Jun2011, Vol. 112 Issue 2, p71 

    The article features the nonprofit insurers which have met the market needs. It states that Housing Authority Insurance Group has evolved from a risk retention group to a diverse organization offering services for public housing authorities. It says that Caring Communities Inc. has been an...

  • Retirement Focus. Wade, Judy // TravelAmerica;Sep/Oct99, Vol. 15 Issue 2, p26 

    Provides information on several retirement communities in the United States. Fox Hill Farm in Glen Mills, Pennsylvania; Parkview at Ticonderoga in New York; Avalon Village in Bangor, Maine.

  • Battlement Mesa: New life for a Colorado mining town. Davidson, Claud M. // Focus;Win93, Vol. 43 Issue 4, p7 

    Describes the change in purpose and economic base of the mining town of Battlement Mesa in Colorado. Energy development; Creation of an innovative and marketable retirement and residential community; Attractions for retirees in Battlement Mesa.

  • Upscale retiree care center coming online. Schliesman, Kyle // Inside Tucson Business;7/14/2003, Vol. 13 Issue 5, p11B 

    Features the Splendido at Rancho Vistoso retirement community in Oro Valley, Arizona. Area; Cost; Scheduled opening; Developers; Amenities included. INSET: BIZ FACTS.

  • Retirement Communities.  // Las Vegas Business Press;2003 Book of Lists, Vol. 20 Issue 1, p61 

    Presents a chart ranking retirement communities in Nevada.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics