Accomplishments

2016
  • Initiated and led the charge for passage of HF2412 that amended the SHTC program to provide for the transfer of administration of the SHTC program from DCA to the Iowa Economic Development Authority.

  • Worked with IDR and DCA to assist them in the proper application of SHTC provisions.

  • Helped IDR and DCA clarify IRS case law guidance resulting in the proper interpretation of Internal Revenue Code Section 47 as it relates to the inclusion of government grants in tax basis, thereby allowing them to be included in calculating Qualified Rehabilitation Expenses for SHTC projects.

2015
  • Led efforts to work with Department of Cultural Affairs (DCA), Iowa Department of Revenue (IDR) and the Iowa Attorney General’s office to correct administrative rules incorrectly written in response to HF2453.

  • Coordinated a letter writing campaign for lenders active in projects that utilize the SHTC program to express their concerns with the status of the SHTC program.

  • Worked with DCA, IDR and the Attorney General’s office to revise the proposed form HPCED Tax Credit Agreement.

2014
  • Initiated and led the charge for passage of HF2453 that changed the allocation of SHTC awards from a lottery system to a readiness-based scoring system.

2013
  • Coordinated the successful lobbying effort on SF436.

  • Increased the QRE Cap for small projects from $500,000 to $750,000.

  • Projects that incur 50% of QRE’s within standard 60-month timeline are granted a 12month extension.

  • Changed the definition of “substantial rehabilitation” on a commercial property to; at least fifty thousand dollars or fifty percent of the assessed value.

  • Retained program cap at $45 million a year.

2012
  • Spearheaded the effort to pass legislation allowing for the Disproportionate Allocation of SHTC’s.

  • Defended against damaging changes to Iowa’s Tax Increment Financing program. 

2011
  • Initiated and advocated for the passage of SF-521, which enacts administrative changes to the SHTC.

  • Additional 24 months to line up financing and complete construction/redevelopment.

  • Eliminates $100,000 cap in rehabilitation cost per residential unit .

  • Changes QRE period to when the first qualified cost is incurred and ending with the end of the taxable year in which the property is placed in service.

  • Defended the SHTC program from further budget cuts.

2010
  • Defended the SHTC program against changes to refundability and transferability.

  • Led the push for the creation of a state level workforce housing grant program.

  • Worked in collaboration with City and County organizations to block harmful modifications to the TIF program.

2009
  • Raised cap of Iowa’s Historic Tax Credit Program from $20M to $50M.

  • Advocated for the creation and passage of the Federal Heartland Disaster Bill, which increased the FHTC from 20% to 26% for qualifying projects.  

  • Improved SHTC program rules dealing with “Lottery” method.

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