Affordable Housing News & Views - May 2019
After a long and highly anticipated wait, Treasury has finally lifted the veil on a new set of proposed regulations that attempts to bring additional clarity to tax breaks on investments in economically disadvantaged communities that are designated as qualified opportunity zones (QOZs). The proposed regulations, some 169 pages in length, were released on April 17, and supply additional guidance under Section 1400Z-2 of the Internal Revenue Code.
Listen in as Beth Mullen, CohnReznick’s national affordable housing practice leader, checks in with Will Eckstein, vice president of development, from Greystone, a leading investment, lending and advisory firm. Beth and Will discuss the latest trends, contract services for developers of all stripes including not-for-profits, and what they are seeing in the housing industry so far this year.
With mid-century buildings representing a vast opportunity and market advantage for well-informed practitioners, the conference covered a series of presentations and panel discussions focused on deal-structuring, approvals, tax and legal issues, including other tax credits such as NMTC and LIHTC and the latest on Opportunity Zones. Marshall Phillips, Charles Fisher and Bill MacRostie discuss a spring Mid-Century Historic conference, the latest with HTCs and other aspects to help maximize investing in community development.
AROUND THE COMMUNITY
This has been prepared for informational purposes, is general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without first obtaining professional advice specific to, among other things, your individual facts, circumstances and jurisdiction. 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 partners, 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.
InsightAffordable Housing News & Views - July 2019The latest industry insights, news, and events
InsightAffordable Housing News & Views - June 2019The latest industry insights, news, and events
InsightCapitol Connection: Time to Act on Affordable Housing LegislationRobert C. MossThe wait is finally over for new affordable housing legislation to replace S.548 and H.R.1661 from the previous Congress. Now we have Senate bill S.1703 and House legislation H.R.3307.
On-demandOpportunity Zones – Perspectives on the New Wave of Guidelines and Key ConsiderationsBeth Mullen, David Kessler, Brian NewmanExcitement and anticipation regarding Opportunity Zones continue for investors, fund managers, and investees – and state and local governments. But we are also hearing that many people are interested in improving their understanding of guidelines that have been released up to now.