Housing Tax Credit Monitor
CohnReznick’s Tax Credit Investment Services (TCIS) practice helps institutional investors strategically acquire and manage tax credit investments. Bi-monthly, the TCIS team publishes the Housing Tax Credit Monitor in Tax Credit Advisor, a leading industry publication produced by the National Housing & Rehabilitation Association.
Tax Reform Implications (May 2018)
Since the passage of what’s commonly referred to as the Tax Cuts and Jobs Act on December 22, 2017, CohnReznick has gathered additional technical information that is critical for the industry to consider.
Year-End Housing Credit Equity Volume Survey (March 2018)
Through a survey of housing tax credit market participants, including 36 syndicators and director investors, CohnReznick estimates the 2017 gross housing credit equity volume to approximate $15.1 billion. Last year’s volume reflects a $1.7 billion (10%) reduction from the 2016 volume. The 2017 volume included carried over product from 2016 that did not close until early 2017; otherwise the 10% reduction would have been more pronounced.
Year-End Race to Close Bond Deals (January 2018)
As of mid-Dec 2017, the uncertainty surrounding the continuation of private activity bonds (PABs) for use in developing multifamily housing credit properties still left many industry players scrambling to close 4% LIHTC investments by year-end. Based on CohnReznick’s review of lower tier investment closings in the fourth quarter of 2017, the industry was focused on preserving the production of LIHTC projects that had a PAB reservation letter in place from a state bond agency and corresponding ‘as-of-right’ allocation of non-competitive 4% LIHTCs.
Disaster Recovery & LIHTC Compliance (November 2017)
Tax Credit Investment Services
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