On Friday April 26th the U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced federal approval of New York State's recovery action plan to help homeowners and businesses following Superstorm Sandy, Hurricane Irene, and Tropical Storm Lee.

The Federal Register recently provided notice on the initial $5.4B of HUD CDBG Disaster Recovery Funds allocated to NYC, NY, NJ, MD, CT and RI.

As New York, New Jersey and the City of New York begin to administer HUD CDBG monies for Super Storm Sandy recovery efforts, recipients of CDBG grants must comply with the HUD CDBG procurement requirements.

The United States Supreme Court granted certiorari in Third Circuit Court of Appeals decision in the Township of Mount Holly, NJ vs. Mount Holly Gardens Citizens in Action.

Hurricane Sandy Tax Relief Act of 2013 is aimed at providing tax relief for victims of Hurricane Sandy in areas designated as Federal Disaster Areas by the President.

A group of 32 U.S. representatives sent House Speaker John Boehner a letter urging tax relief for the victims of Super Storm Sandy.

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released the Notice of Allocation Availability (NOAA), which officially opens the next round of competition under the New Markets Tax Credit Program (NMTC Program)

The CDFI Fund announced today its plans to award $3.5 billion of Federal New Markets Tax Credit authority for the 2012 round in April of 2013.

In the aftermath of the Third Circuit Court of Appeals reversal of the lower Tax Court decision of the Historic Boardwalk case while industrial investments in the Federal historic tax credits continue the Historic Tax Credit industry has been waiting from promised guidance by the Internal Revenue Service (the "IRS") in the form of a Revenue Procedure.

In response to the decline in manufacturing jobs in certain parts of the Country, the Manufacturing Communities Investment Act was introduced to the Senate.

The National Disaster Tax Relief Act of 2014 has been introduced to the Senate by a bipartisan group of senators.

Last week the "Invest in the United States Act of 2014" was introduced into the House of Representatives as H.R. 3939.

The New Jersey Economic Opportunity Act of 2013 was signed into law on September 18, 2013.

ew Jersey has received $1.82 billion allocation of Federal Sandy aid from the U.S. Department for Housing and Urban Development.

On July 29, 2013, the CDFI Fund published the Notice of Allocation Authority ("NOAA") for the calendar years 2013 and 2014 Allocation Round of the Federal New Markets Tax Credit ("NMTC") Program.

Voting 91 to 1, Senate Democrats and Republicans joined to move for a vote this week on the Hurricane Sandy and National Relief Act of 2012.

Athletes need to be cautious about the characterization of income, especially when the income is earned in a foreign jurisdiction.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund announced $3.5 billion in New Markets Tax Credit awards nationwide.

The U.S. Department of the Treasury announced $3.5 billion in New Markets Tax Credit awards aimed at revitalizing low-income communities.

The Historic Boardwalk Hall Case in which the Internal Revenue Service challenged the traditional structure used by tax credit investors in the syndication of Federal Historic Tax Credits came to an uncerimonial end with the denial by the United State Supreme Cout of the taxpayer's writ of certiorari to the high court.