By Ravi Malhotra Originally posted in Tax Credit Advisor, January 2025 After the 2024 elections, many in the multifamily affordable housing sector worry that key Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) funds may be clawed back by the incoming administration. These funds provide tax credits, grants and other forms of incentives for green and clean energy deployment and have been crucial to closing …
Funding for Green Retrofits
By Ravi Malhotra Originally posted in Tax Credit Advisor, October 2024 Federal Tax Credits, Rebates, Low-Cost or Forgivable Loans, and Grants are Hitting the Ground The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are in their second and third years, respectively. Treasury guidance is now available for almost all of the IRA’s clean energy tax credit provisions. Furthermore, …
ICAST’s AmeriCorps VISTA Program: Meet the VISTA Members
ICAST has proudly hosted members of Volunteers in Service to America (VISTA) since 2021. Their hard work and dedication help us reduce low-income households’ energy burden, preserve affordable housing, and fight climate change. Mitch Labe Policy Research VISTA Mitch joined ICAST in August 2024. He assists the policy research team in staying up-to-date with the latest policy trends and changes …
IRA Tax Credits in Action
The US Department of the Treasury (“Treasury”) recently released a report showing the benefit of the IRA’s clean energy tax incentives for consumers. More than 3.4 million families claimed $8.4 billion in IRA-enabled tax credits in 2023 alone. With IRA funds starting to make their way into the homes of Americans, the deep impact of the bill is beginning to …
Accessing Solar for Multifamily Affordable Housing
Originally published in Utah Rental Housing Journal. Ryan Kristoff The Inflation Reduction Act and Bipartisan Infrastructure Law have created a once-in-a-generation opportunity for multifamily affordable housing (MFAH) to leverage tax credits, rebates, and other incentives for holistic upgrade projects. Technologies like solar and heat pumps can improve net operating income; reduce operations and maintenance costs; and create healthier, safer, more …