Affordable Housing News & Views - February 2018
Capitol Connection: Battle Ready for Affordable Housing
Bob Moss delivers an update in his latest Capitol Connection, discussing the passage of the sweeping and contentious budget deal on February 9 and several tax provisions known as extenders, which retroactively extended about 30 tax breaks that expired at the end of 2016. Bob also helps explain the massive $1.3 trillion omnibus spending bill proposed by Congress, which will lay out detailed spending levels for government programs for the rest of the fiscal year, and possibly include the Cantwell/Hatch Affordable Housing Credit Improvement Act.
Accountant’s Perspective: Impact of Tax Reform on Affordable Housing
Discussing the impact of tax reform on affordable housing deals, Beth Mullen shares her perspectives in the February issue of Tax Credit Advisor. Significant grass roots advocacy helped avoid the possible elimination of numerous advantageous provisions for affordable housing deals, but there is impact from H.R. 1, the Tax Cuts and Jobs Act. Interest limitation, historic credits, and syndicated funds are covered in Beth’s overview. Access the Tax Credit Advisor.
Revenue Recognition and Contractors
The long-anticipated changes stemming from revenue recognition are upon us. As it relates to contractors, implementation is starting to occur that will better tell a construction firm’s financial picture. Jack Callahan, CohnReznick’s Construction Industry Practice Leader, weighs in on these changes for contractors in a recent article by ENR.com. In the piece, Jack discusses the recording and documenting of change orders, wasted materials or labor, job disclosures, and other dynamics. Access the ENR.com article.
Around the Community
We will be attending and/or speaking at these events. We hope to see you!
Virginia Housing Alliance’s Meet & Greet with Your Legislators – February 14
Maryland Affordable Housing Coalition’s 2018 Housing Day – February 15
National Housing & Rehabilitation Association’s Annual Meeting -- February 21-25
Illinois Housing Council and the Illinois Housing Development Authority’s Illinois Governor’s Conference on Affordable Housing – February 21-22
Pennsylvania Association of Housing & Redevelopment Agencies’ PAHRA Capitol Conference – February 25-28
National Affordable Housing Management Association’s Federal Affairs Issues Meeting 2018 – March 4-6
National Council of State Housing Agencies’ 2018 Legislative Conference – March 5-7
Eastern Lenders Association’s Annual Conference – March 5-7
Georgia Affordable Housing Coalition’s Annual Conference – March 19-21
National Low Income Housing Coalition’s 2018 Housing Policy Forum – March 19-21
Pennsylvania Association of Housing & Redevelopment Agencies’ Pennsylvania CD&H Practitioner’s Annual Conference – March 26-27
National Housing & Rehabilitation Association’s Summit on Affordable Housing Market Trends & Innovations – March 26-27
In Case You Missed It
News stories and headlines from the previous month
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