Affordable Housing News & Views - August 2018
Capitol Connection: Affordable Housing Legislation Continues After Omni
There is the possibility that the affordable housing crisis may finally now be on the political dashboard as we start the 90-day countdown to the fall mid-term elections. An Affordable Housing Task Force, a renter’s credit, a refundable tax credit for rent-burdened households, a LIHTC increase bill, and an historic tax credit fix have been introduced by various members of Congress in recent weeks.
WEBINAR: Rental Assistance Demonstration (RAD): Strategies and Options Available for Developers and PHAs to Bolster Low-Income Housing Properties
Implemented to help a $26B backlog of rehabilitation needs on low-income properties, the Rental Assistance Demonstration (RAD) is a voluntary program of HUD to preserve public housing by providing Public Housing Agencies (PHAs) with access to more stable funding to make needed improvements to properties. If you are a PHA or a developer that wants to work with a PHA on a RAD deal, understanding the process is critical. Featuring guest speaker Richelle Patton, president of Collaborative Housing Solutions and principal of Tapestry Development Group, Beth Mullen moderates this recorded 28-minute discussion covering why a PHA would convert to RAD, helping bring long term stability to their properties’ rental income.
Tax Credit Investment Services: A Webinar on Latest LIHTC Performance TrendsHaving analyzed and published reports measuring the housing tax credit industry for years, CohnReznick’s Tax Credit Investment Services group recently issued its latest report along with the industry’s first interactive tool enabling you to see data down to the county level. Mixing high-level perspectives with granular data-driven insights, the report tracks the latest performance trends observed across the national housing tax credit portfolio consisted of over 20,000 properties. Users have been leveraging the interactive online resource in the initial deal-vetting stage, underwriting and benchmarking their portfolio’s actual performance. Also, regardless of portfolio size, the online tool has been effective assessing geographic markets developers and investors are seeking to enter.
Around the Community
We will be attending and/or speaking at these events. We hope to see you!
Kentucky Affordable Housing Conference – August 21-22
Florida Statewide Affordable Housing Conference – August 27-29
PAHRA Annual Conference – September 23-26
In Case You Missed It
News stories and headlines from the previous month
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.