Tax Credits

  • Overview
  • Attorneys
  • News
  • Publications
November 10, 2017
11/3/2017
July 1, 2015

In a decision issued on June 25, 2015, the United States Supreme Court ruled that the Fair Housing Act of 1968 (the FHA) prohibits unintentional, or “disparate,” discrimination as well as intentionally discriminatory practices. The case was decided in the context of disparate-income claims against a state agency administering the federal Low Income Housing Tax Credit (LIHTC) program. The Supreme Court’s opinion, while allowing FHA disparate-impact claims to proceed, also included cautionary language counseling lower courts against adjudicating disparate-impact claims in a manner that would discourage housing authorities and developers from engaging in housing development for low-income persons. The case will now return to the federal trial court for a determination, on the merits, of whether the LIHTC allocation decisions by the state housing agency constituted disparate-income discrimination. For more information, please read our client alert.

Client Alert
April 2, 2011
Article details the first-of-its-kind transaction where new markets tax credits (NMTCs) and qualified school construction bonds (QSCBs) were combined to provide financing for a new Utah charter school in an underperforming school district.
Article
February 17, 2011

The purpose of this memorandum is to describe the status of certain tax provisions subsequent to the end of calendar year 2010 that are of interest to the attorneys and clients of Kutak Rock LLP’s public finance practice.

Client Alert