On April 29 from 2-3 p.m. ET, a roundtable of Affordable Housing leaders will talk about the impact of COVID-19 on the community development industry. What help is available through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other mechanisms that have already been enacted, as well as those currently being discussed? What fixes have been left out so far, and what still needs to be done? Three CohnReznick leaders – Beth Mullen, Bob Moss, and Tax Credit Investment Services Leader Cindy Fang – will be joined by:
1. Andrea Ponsor, President and CEO, Stewards of Affordable Housing for the Future (SAHF)
2. Julie Hertzog, Executive Director, Affordable Housing Investors Council (AHIC)
3. Merrill Hoopengardner, President, National Trust Community Investment Corporation (NTCIC)
4. Ray Pearl, Executive Director, California Housing Consortium (CHC), and President, Council of Independent State Housing Associations (CISHA)
While there is tremendous impact worldwide due to COVID-19, the most relevant for the Affordable Housing industry is on business continuity and financial stability. CohnReznick has resources available for both issues, such as articles on the Small Business Administration (SBA) disaster relief loan program and, for not-for-profits, an April 14 webinar. Find them all here:
For almost 20 years, we have been honored to host everyone in person for our firm’s signature New Markets Tax Credit (NMTC) Summit. As our collective communities adjust to life in the COVID-19 environment, we have planned a fully virtual experience. Our theme will be vulnerability, an even more acute risk as low-income communities are impacted by COVID-19. We will dig into a wide variety of critical issues with an exhibit hall, main session ballroom, and chat rooms with you at the controls. We will even have a virtual happy hour networking event! Please hold the dates as follows – we look forward to sharing this experience with you.
- Monday, May 18, 12:45p.m.-5:15 p.m. ET – NMTC workshop 202 session
- Tuesday, May 19, 12:45p.m.-5:15 p.m. ET – all-attendee sessions
- Wednesday, May 20, 12:45p.m.-5:15 p.m. ET – all-attendee sessions
Stay tuned for more information, including registration details, coming your way soon!
Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. 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.
Affordable Housing News & Views
Coronavirus Resource Center
InsightAffordable Housing News & Views - July 2020Beth MullenThe latest industry insights, news, and events.
InsightCapitol Connection: The tip of the iceberg of affordable housing’s COVID-19 problemRobert MossEven if coronavirus-related construction delays can be fixed, affordable housing faces a funding gap as the 4% credit rate has dropped, Bob Moss writes.
InsightAffordable Housing News & Views - June 2020Beth MullenThe latest industry insights, news, and events
InsightNew proposed regulations released on claiming the Section 47 rehabilitation tax creditBeth MullenNew proposed regulations from the IRS pertain to the five-year period for claiming IRC Section 47 rehabilitation tax credits. Click to learn more.
InsightAFFORDABLE HOUSING Q&A (and Q): What we’re hearing and want to know related to COVID-19’s impactBeth MullenGet answers from Beth Mullen on coronavirus-related construction cost overruns, interest capitalization, and more, and tell us about your concerns for deals.