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Affordable Housing News and Views - December 2016


Advocacy for Affordable Housing [Video] 

Everyone can advocate for affordable housing. Brush up with these tips and insights from Bob Moss and Beth Mullen of CohnReznick, Emily Cadik of Enterprise Community Partners and Jeff Whiting of CREA.

Watch the video

Taking a Deep Breath: Reality vs. Rhetoric [Capitol Connection]  

Tax Reform is the buzz, but Bob Moss reminds us to take a deep breath. There’s a lot on the plate for Congress in 2017 before it is addressed. In the meantime, because of its track record, affordable housing remains at the table with ample support in Washington.

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Year-End Tax Planning Considerations for Developers

As we come to the end of the year, now is the time to get answers to your tax questions so any necessary corrective action can be taken before year end. With this in mind, we outline some tax planning considerations to think about now.

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Mark your calendar. We hope to see you at these events.

CohnReznick Featured Events

Post-Election Affordable Housing City Forums: Coming to a City Near You! 
Our national and local leaders invite you to join us in one of our select cities for a relevant and timely discussion on post-election results and the issues impacting affordable housing development in our country and your market. 

December 13: Los Angeles, CA
January 10: Bethesda, MD
January 19: Hartford, CT
 
News stories and headlines from the previous month

 

President-elect Donald Trump has chosen Dr. Ben Carson, a onetime political rival who became one of his leading surrogates on the campaign trail, to lead the Department of Housing and Urban Development.
 
Some of the nation’s least affordable markets are also ground zero for the fight against building affordable housing – which opponents say, among other things, depreciates nearby home values. Given low inventory and high prices in tight markets, this study set out to uncover how much homeowners really have to fear. 
 
When it comes to housing programs subsidized by the Low Income Housing Tax Credit (LIHTC) program established 30 years ago during the Reagan administration to promote the development of multifamily housing, there are some things that the new administration should carefully evaluate and perhaps change. 
 
The U.S. Department of Housing and Urban Development (HUD) and the Justice Department (DOJ) recently released updated federal Fair Housing Act (FHA) guidance clarifying compliance in regards to land use and zoning.  Updated guidance here
 
The U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund announced the highly anticipated recipients of its 2016 New Markets Tax Credit (NMTC) awards totaling $7 billion in tax credit authority. A total of 120 organizations received tax credit allocation authority for the combined CY 2015 – 2016 round.
 
Read More Headlines within CohnReznick's Affordable Housing News and Views Newsletter October 2016

© 2016 CohnReznick LLP

This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

 

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