Laws & Taxes

Laws & Taxes

CHFA Announces two (2) 2011 Low-Income Housing Tax Credit (LIHTC) Application Overview Sessions

January 13, 2011 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) is pleased to announce two (2) Application Overview Sessions for the 2011 Low-Income Housing Tax Credit (LIHTC) Program have been scheduled for:

Maynard Welcomes $500,000 for Veterans Housing in Griswold

GRISWOLD, CT - November 1, 2010 - (RealEstateRama) -- State Sen. Andrew M. Maynard (D-Stonington), who is Senate Chairman of the legislature’s Veteran’s Committee, today welcomed news that Connecticut Light & Power has purchased $500,000 worth of state housing tax credits in order to help create 18 units of affordable housing for veterans on the site of the American Legion Hall in the borough of Jewett City.

Senate Democrats: Thousands of Seniors Will Soon Pay Less for In-Home Nursing Care

Hartford, CT - July 1, 2010 - (RealEstateRama) -- Starting July 1st thousands of seniors across Connecticut who are struggling to stay in their homes will have the opportunity to receive additional support from the state—and Senate Democratic leaders calls it a win-win for seniors and taxpayers.

Free Webinar with Al Aiello – Set up and Operate Your Real Estate LLC

June 23, 2010 - (RealEstateRama) -- CT REIA and Al Aiello presents: Free Webinar - LLC’s Have Great Money-Saving Benefits, but most are Worthless?

House of Representatives delivers on key proposals to help towns and property taxpayers

April 30, 2010 - (RealEstateRama) -- The Connecticut Conference of Municipalities today, April 30, expressed its gratitude to the leaders of the State House of Representatives for passing much-needed mandates relief, local revenue diversity, and help in stemming health insurance increases.

60 Million of Tax-Exempt Bond Financing Available for Rental Housing Under New Notice of...

April 15, 2010 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) announces availability of approximately $60,000,000 for construction and permanent Tax-Exempt Bond (TEB) financing for multifamily rental housing developments. TEB financing is typically paired with 4% Low-Income Housing Tax Credits (LIHTC) as a source of investor equity. Under this notice of funding availabilty, CHFA will be accepting both TEB financing and 4% LIHTC applications

Tax Day Highlights New Tax Relief for Connecticut Families

Washington, DC - April 14, 2010 - (RealEstateRama) -- Congressman Jim Himes (CT-4) reminded constituents today that Connecticut taxpayers are seeing significant relief as a result of new tax breaks for middle and low-income families. As noted by former Reagan policy advisor Bruce Bartlet, ?“…federal taxes are very considerably lower by every measure since Obama became president.” All totaled, Congress has enacted over $800 billion in tax cuts, including the Making Work Pay, First-time Homebuyer, and new residential energy tax credits, with another $285 billion in cuts also making their way through Congress, such as permanent estate tax relief and the R&D tax credit to spur business innovation.“The tax cuts we enacted this past year are putting money back in the pockets of hard-working Connecticut families and individuals,” said Himes. “I encourage everyone who is eligible to take advantage of this year's new tax cuts.”

Connecticut Real Estate Investors Association (CT REIA) Announces April 2010 Monthly Meeting With Tax...

West Hartford, CT - April 12, 2010 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Al Aiello, is announcing the CT REIA April 2010 monthly Connecticut real estate investors meeting. This event will take place on Monday, April 19th, from 5:30pm to 9:00pm, at the Crowne Plaza Hotel on 100 Berlin Road in Cromwell, CT. This event is free for CT REIA members, and $30 for non-members.

CT REIA Monthly Meeting – Tax Reduction Strategies With Al Aiello

Al is a national speaker specializing in Wealth Protection teaching dynamic strategies on tax reduction, IRS audit-proofing, entity structuring and asset protection targeted for real estate investors and business owners. He has been a real estate investor for over 30 years. He first got his real estate license and went on to broker millions of dollars of real estate. He then got his CPA by passing the first time, not an easy accomplishment. Subsequently, he got his Masters in Taxation graduating with the highest honors in this rigorous program. He was immediately hired as adjunct professor where he taught

Make permanent the present rates of the municipal real estate conveyance tax

March 19, 2010 - (RealEstateRama) -- CCM is Connecticut's statewide association of towns and cities and the voice of local government - your partners in governing Connecticut. Our members represent over 93% of Connecticut's population. We appreciate this opportunity to provide testimony to you on issues of concern to towns and cities.

CFO of Real Estate Development Firm Admits Role in Fraud Scheme

December 8, 2009 - (RealEstateRama) -- Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that PAUL MAYOTTE, 69, of Brookfield, the CFO of Girouard Associates, Inc. and RRG Investments, LLC, both of which are owned by Connecticut real estate developer Richard Girouard, pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of an indictment charging MAYOTTE with conspiring with Girouard to commit wire fraud related to a scheme to defraud an investor out of money.

Represenative Votes To Extend Unemployment Insurance, First-Time Home Buyer Tax Credit and Provide Tax...

Washington, DC - November 6, 2009 - (RealEstateRama) -- Congressman Joe Courtney announced that he has voted in favor of H.R. 3548, the Unemployment Compensation Extension Act, which extends an additional 14 weeks of unemployment assistance to all states, including Connecticut, and extends the homebuyer tax credit for first-time buyers and military families. The legislation also provides relief to businesses by extending a five year net operating loss carryback to 2009. The bill passed 403-12.

Murphy Votes for Additional Unemployment Assistance and Help for the Housing Market in Connecticut

WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Congressman Chris Murphy (CT-5) voted for the Emergency Unemployment Compensation Extension Act to provide Connecticut families hit hardest by the recession a 14 week extension of unemployment benefits. And to strengthen Connecticut's housing market, the bill includes an extension of the first-time homebuyer tax credit through next spring, expands eligibility for the homebuyer credit, and provides housing tax relief for Connecticut's military families. This legislation will not add to the deficit, and President Obama is expected to sign it quickly.

Reps. Courtney and Calvert Lead Bipartisan Effort To Extend First Time Homebuyer Tax Credit...

163 Bipartisan Members Sign Courtney-Calvert Letter Seeking Extension of Home Purchase Incentive. WASHINGTON, DC - October 21, 2009 - (RealEstateRama) -- Today, Representatives Joe Courtney (D-CT) and Ken Calvert (R-CA) delivered a bipartisan letter to Speaker Nancy Pelosi and Minority Leader John Boehner urging an extension of the First Time Home Buyer Tax Credit. Including the authors, 165 bipartisan Members of Congress have signed the Courtney-Calvert letter.

Popular

MURPHY CRITICIZES CONTINUED NEGLIGENCE AND ABUSE AT HOMES FOR DEVELOPMENTALLY DISABLED;...

Following continued alarming reports of negligence and abuse at homes for developmentally disabled residents, U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, committed to introduce legislation to address this issue. The second investigation released today by the Office of the Inspector General (OIG) of the Department of Health and Human Services outlined issues in Massachusetts similar to those found in the OIG investigation into Connecticut, which was released on May 24, 2016

Recent

Attorney Involved in Scheme that Targeted Distressed Homeowners Sentenced to 30...

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that BRADFORD BARNEYS, 51, of Odenton, Maryland, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 30 months of imprisonment, followed by three years of supervise release, for conspiring with Timothy W. Burke in a long-running fraud scheme that targeted distressed homeowners throughout Connecticut. BARNEYS was an attorney licensed to practice in Connecticut and has an office in Bridgeport.