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.
HOUSING TAX CREDIT MONITOR (MAY 2019)
CohnReznick’s Tax Credit Investment Services (TCIS) group has released the latest survey of housing tax credit market participants, including 40 syndicators and direct investors. The recent data shows the median reported housing credit price in the last 60 days was $0.92 across 155 deals. Among 4% deals recently assessed, hard debt on average makes up for 35-45% of the total development costs. Read more here, including current national and regional multi-investor funds, pricing, and other insights.
Housing Tax Credit Monitor (March 2019)
CohnReznick’s Tax Credit Investment Services (TCIS) group updates the latest survey of housing tax credit market participants, including 40 syndicators and direct investors, estimates the 2018 gross housing credit equity volume to approximate $16.4billion. The 2018 volume reflects a $1.8 billion (12%) increase from the 2017 volume amount of $14.5 billion. Read more here including current national and regional multi-investor funds, pricing and other insights.
HOUSING TAX CREDIT MONITOR (JANUARY 2019)
CohnReznick’s Tax Credit Investment Services group brings the latest update on housing credit pricing in the “Tax Credit Monitor.” Read their insights on where 2018 year-end pricing for credits ended and its comparison to 2017's final two months. As always, current national and regional multi-investor funds are covered along with a special focus on Puerto Rico.
Housing Tax Credit Monitor (November 2018)
CohnReznick’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.
Housing Credit Pricing Updated (September 2018)The second half of 2018 is expected to witness strong market activities. Survey respondents collectively reported over $2 billion in national multi-investor fund offerings that are scheduled to close by the end of the year.
Adjusted AMI 2017 - 2018 Overview (July 2018)
The Department of Housing and Urban Development (HUD) sets income limits that determine eligibility for affordable housing. HUD develops income limits based on Median Family Income estimates and Fair Market Rent area definitions for each metropolitan area, referred to here as adjusted AMI.
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.
Tax Credit Investment Services:
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