Affordable Housing News & Views- November 2018
With the midterm elections behind us (and the political ads!), how does the 116th Congress look? What remains of the 115th Congress? And, what are the implications for affordable housing? Hear from CohnReznick’s national director of governmental affairs, Bob Moss, as he discusses a first reaction to this week’s elections.
Annual Affordable Housing and Community Development Forums Are Back
Back by popular demand, numerous local Affordable Housing and Community Development Forums have been announced for multiple cities for December through January. Beth Mullen, national affordable housing practice leader, and Bob Moss, national director of governmental affairs, will be bringing you their insights and expertise on tax reform (one year later), the current legislative climate, opportunity zones and other important issues affecting the housing industry. Please register today for one closest to you. We will be adding West Coast and New York City dates soon!
Proposed Guidance is Out for Opportunity Zones
The U.S. Treasury and the IRS both released highly anticipated guidance and additional information regarding Opportunity Zones on October 19, 2018. The proposed regulations seek to clarify gains, deferrals, eligible investments, the parameters for Opportunity Funds, revenue rules and more. Staying on top of the latest regarding Opportunity Zones, hear from CohnReznick’s community development leaders on the proposed guidance, the current happenings in the marketplace, and more. Go here for a number of updates and related insights as well as the webinar held on November 5.
Housing Credit Pricing Update and Tax Reform Impact on Year-End PlanningCohnReznick’s Tax Credit Investment Services group brings the latest update on housing credit pricing in the “Tax Credit Monitor.” Also, the Tax Cuts and Jobs Act of 2017 created a question that every housing credit partnership prior to filing 2018 returns needs to address: Will the building owner elect to be a real property trade or business to fully deduct the net business interest expense of the entity? Read their insights here on both.
Around the Community
We will be attending and/or speaking at these events. We hope to see you!
AHF Live! The Affordable Housing Developer’s Summit – Nov. 11-14
2018 Virginia Governor’s Housing Conference – Nov. 14-16
New York Housing Conference – December 4
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.