February 25, 2015
Wednesday’s Academic Roundup
Regulation and Liability of Credit Rating Agencies – A More Efficient European Law?, by Thomas M.J. Mollers & Charis Niedorf, ECRF 2014, 333-363. How Federal Tax Expenditures that Support Housing Contribute to Economic Inequality, by Henry Rose, Loyola University Chicago … Continue reading
February 25, 2015 in Federal tax matters | Permalink | No Comments
January 28, 2015
Who Benefits from the Low Income Housing Tax Credit?
HUD’s Office of Policy Development and Research has released a report, Understanding Whom the LIHTC Program Serves: Tenants in LIHTC Units as of December 31, 2012. By way of background, The Low-Income Housing Tax Credit (LIHTC) Program provides tax credits … Continue reading
January 28, 2015 in Federal tax matters | Permalink | No Comments
January 24, 2014
Preserving Low-Income Housing
NYC Mayor De Blasio announced an aggressive goal of producing and preserving 200,000 units of affordable housing over the next ten years. New York City will need to be as creative as possible to achieve this goal and will need … Continue reading
January 24, 2014 in Federal tax matters | Permalink | No Comments
January 10, 2014
Tax Incentives for Sustainable Homeownership
Harris, Steuerle and Eng have published New Perspectives on Homeownership Tax Incentives in Tax Notes. The report presents three tax reforms designed to promote homeownership that are fundamentally different from earlier proposals. Many of those earlier proposals would convert existing … Continue reading
January 10, 2014 in Federal tax matters | Permalink | No Comments
September 30, 2013
Borden & Reiss on REMIC Failure, in a Big Way
Brad and I posted REMIC Tax Enforcement as Financial-Market Regulator to SSRN (as well as to BePress). The article is forthcoming in the University of Pennsylvania Journal of Law and Business and it provides our extended analysis of how the … Continue reading
September 30, 2013 in Federal tax matters | Permalink | No Comments
July 22, 2013
Dirty REMICs, Revisited
Brad and I have posted, Dirty REMICs, Revisited (also on BePress). The abstract reads: We review the differences between two visions for the residential mortgage markets, one driven by the goal of efficiency and the other driven by the goals … Continue reading
July 22, 2013 in Federal tax matters | Permalink | No Comments
June 6, 2013
REMIC Armageddon on the Horizon?
Brad Borden and I have warned that an unanticipated tax consequence of the sloppy mortgage origination practices that characterized the boom is that MBS pools may fail to qualify as REMICs. This would have massively negative tax consequences for MBS … Continue reading
June 6, 2013 in Federal tax matters | Permalink | No Comments
