A project financed with tax exempt bonds typically qualifies for the 4% new construction/ rehab tax credit. This is because tax exempt bonds are a kind of federally subsidized financing, and the 9% credit may not be used in such cases. If the project is located in a Qualified Census Tract or a Difficult to Develop Area, it is able to use the 130% basis Boost. (Like any other project, it also qualifies for the 4% acquisition credit if it meets the standard acquisition tax credit criteria.)
One important advantage to using tax credit bond financing is the fact that the project does not need to compete for its tax credits. They are allocated to the project “as-of-right” once bond financing is awarded to the project.
However, the full amount of the project’s tax credits will be awarded only if certain very specific criteria are met:
• At least 50%…
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Nobody likes to fail. Failure can be embarrassing, humiliating and emotionally upsetting, so it’s no wonder we’re naturally inclined to avoid the risk. Unfortunately, the fear of failure can also be paralyzing, which is why—as a leader in my organization—I strive to give myself and others permission to make mistakes. Without it, how can we make progress?
Let me share an example from early in my career when I heard negative feedback about a person who worked for me. His clients called him indecisive and were frustrated that he wasn’t answering their questions in a timely fashion. As it turns out, he was paralyzed by the fear of making a wrong decision. I remember him telling me, “The client wants one thing, but I believe the right solution is something else. And I’m afraid that if my recommendation makes the client unhappy, you’re going to hear about it and be…
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We all go through this journey trying to make the best of it. Even the greatest of us can loss our way from time to time. Sometimes it takes a minute for us to find our balance again after being knocked down. But learning that we are not defined by the trials and tribulations that you go through but how we come out of them is the true definer of who and what we are.
Your voice, your story, your experiences are invaluable and should be embraced by you and shared with others. For it is your voice that encourages, strengthens, and enlightens. It is your voice that gives courage to those that may be on the edge of letting go. It is your voice that will lead others back to their journey’s path again.
So spread your wings and fly again because you’ve got a lot of ground to cover.
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“Most people are blissfully unaware of these deep influences of their culture on the way they think. Luckily, by knowing more about the way culture affects thought, you can change your own typical way of doing things. If you have a tendency to focus on individual people and objects, then start paying attention to the way people and objects interact. These relationships are often a fertile source of new ideas.”
What does your cultural background say about the way you work or interact with others in your world of work?
~ Preston Byrd
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“Perfectionism is the voice of the oppressor, the enemy of the people. It will keep you cramped and insane your whole life, and it is the main obstacle between you and a shitty first draft. I think perfectionism is based on the obsessive belief that if you run carefully enough, hitting each stepping-stone just right, you won’t have to die. The truth is that you will die anyway and that a lot of people who aren’t even looking at their feet are going to do a whole lot better than you, and have a lot more fun while they’re doing it.” – Anne Lamott
So, I’d love to hear from you, how are you allowing your desire/need to be perfect postpone your personal or professional success?
~ Preston Byrd
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Changing Your Perspective…Changes Your Experience. ~ Unknown
It has often been said that through our journeys in life we all share common experiences yet we have our own perspectives on those experiences.
The Secret along with other law of attraction philosophies have helped many of us discover that the way we think can make a direct impact on our lives.
As an entrepreneur, I work with many different people who have and voice many different perspectives (on life, on love…on work…on pretty much everything!)
I learned early on in my career that it is vitally important to stand strong in my viewpoints while also being able to see something through the eyes of someone else so that I can remain open to the possibilities. Admittedly, for my Type A personality, this takes practice.
I try and remind myself something that was drilled into me by my father, “if you view yourself as having learned all there is to learn in life, it may hinder you from new opportunities.” Moreover, I have learned that being agile in my perspectives helps me accomplish a myriad of personal and professional goals and dreams that life presents to me. I am of the belief that I must remain open to ensure I see endless possibilities that life presents.
Therein, changing your perspective is not a weakness but rather it is a very valuable tool for gaining a better understanding and avoiding personal biases or viewpoints.
Have you ever experienced looking at a room from different positions? Undoubtedly, if you look at a room from different angles or positions, you will see different things. Some things that were hidden in one view become visible in another.
All in all, in changing your perspective, you many find that many doors of opportunity will be opened for you, allowing you to fulfill your purpose in life to its fullest.
I’d love to hear from each of you…When was the last time you were strong in your positioning, but realized that changing your perspective offered possibilities that you would not have realized if you would have stood firm in your perspective?
~ Preston Byrd
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“Sometimes life’s going to hit you in the head with a brick. Don’t lose faith. I’m convinced that the only thing that kept me going was that I loved what I did. You’ve got to find what you love. This is true for work, as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work; and the only way to do great work is to love what you do.”
~ Steve Jobs (from his commencement address in 2005 at Stanford).
There is nothing that compares to that indescribable feeling you get when you are actually doing what you love.
There’s a sense of unspeakable joy and tremendous passion, inspiration and zeal that comes along with the bravery and courage it takes to pursue your dreams and walk in your purpose.
However, often times, doing what we truly love is different from the plans others see for us or that we may have originally had.
In my journey, I have seen fear of failure, pride and sometimes over-thinking force friends, family and close colleagues choose what’s comfortable instead of what God’s Plan was for their lives. Yet, what’s comfortable is not always synonymous with what we love.
Ironically, inspiration can actually come by doing something you love. In addition, by doing what you love, you inspire others to pursue their purpose and do what they love also.
So, for those of you who are not yet inspired to do what you love, what is stopping you?
~ Preston Byrd
Loving what I do… 😍
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