Congress Budget Package Good for Multifamily Investors, Businesses, Foreign Investors, and others

January 5, 2016


Affordable Housing / Sustainable Development 


Competitive 9 percent LIHTC value is now set at 9% per year of the eligible basis over the 10-year lift of the tax credit. 4 percent LIHTC will still float. 


NMTC (New Markets Tax Credit) program, which helps pay for mixed-use development in less desirable areas, was renewed through 2019. 


Green building / LEED development tax deduction extended through 2016. 


Bonus Depreciation 


Bonus depreciation extended through 2019. 


Foreign investors 


FIRPTA imposed taxes of 30-45% on certain foreign investor profits was eliminated. Foreign investors can now own 10% of a REIT, up from 5%. 


The preceding highlights were taken from this "National Real Estate Investor" magazine article

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