Local –
ARTICLE: Amazon Data Center, mixed-use development, 1K+ housing units coming to Sunbury
- The Delaware County community is experiencing growth on both the commercial and residential side, as local, national and global companies look north for opportunities to expand in Central Ohio.
State –
- The Ohio Housing Finance Agency (OHFA) Board recently approved financing from various programs to support three housing developments to create or preserve affordable housing units throughout the state.
- Bexley Apartments: The Community Builders, Inc. received approval for a $1.75 million Housing Development Loan.
- Easton Place Homes Phase III: Co-developers, Columbus Housing Partnership, Inc. and Georgetown Midwest, LLC, received approval authorizing the issuance of up to $10.5 million in Multifamily Housing Revenue Bonds.
- Harding Heights Apartments: Wallick Development, LLC received approval authorizing the issuance of up to $8.5 million in Multifamily Housing Revenue Bonds.
- Read more in the link in the title.
National –
SALT Deduction Cap Delivers Relief to Homeowners
- Under H.R. 1 (Big Beautiful Bill), in the tax year 2025, the SALT limit quadruples from $10,000 to $40,000. However, the limit is the same, regardless of whether the taxpayer is filing an individual return or married couple filing jointly.
- For tax years 2026 through 2029, the SALT deduction limit and income threshold increase by 1% annually. So, in 2026 the limit is $40,400 and the income threshold is $505,000; in 2027 the limit is $40,804 and the income threshold is $510,050, and so on.
- The increase in SALT deductibility means that for this and the next four years, many more current and prospective homeowners will be able to receive federal tax benefits
