Should you make the real property trade or business (RPTOB) election on your 2019 tax return? Are your tax exempt bond financed deals meeting the 50% test for the year? What factors evolving now could affect your tax credit equity adjusters later? Beth Mullen lays out these and other matters for property owners to consider as 2019 comes to a close.
Also, if you missed our National Tax Service’s Dec. 5 webinar “Year-End Tax Planning Considerations for Businesses and Individuals,” a recording is now available. The discussion covered considerations from the perspectives of partnerships, trusts and estates, and individuals.
Leaders from CohnReznick’s Tax Credit Investment Services (TCIS) group recently rolled out their latest reporting on more than 20,000 low-income housing tax credit (LIHTC) properties nationwide. They also launched the Affordable Housing Portfolio Performance Indicator (PPI), an online interface that allows users to interact with this data. Both can help investors and developers leverage the nation’s most comprehensive reporting of its kind on numerous data points for performance and expenses. Explore the report and PPI now, or check out these recent discussions of them:
- The TCIS team’s Dec. 12 webinar featured the latest analysis and reporting, including new data integrated into PPI as well as industry trends. If you missed it, sign up here to access the on-demand webinar.
- A recent article from Affordable Housing Finance hits notable highlights from the report and features comments from Cindy Fang, CohnReznick partner and TCIS leader.
- TCIS’s November Housing Tax Credit Monitor reports on the latest tax credit pricing data, funds, and analysis, and discusses the practice of “twinning” 9% and 4% credits.
For those working or interested in not-for-profits, CohnReznick has published the 2019 Not-for-Profit and Education Industry Perspectives Report. The report reveals some of not-for-profit executives’ top concerns and opportunities for the future, based on confidential interviews, and also provides CohnReznick perspectives on how not-for-profits can seize opportunities and minimize risk to continue to thrive as the industry evolves. Topics include:
- The current state of philanthropy and thoughts on financial stability
- Crowd-sourced fundraising and shifting donation models
- Optimizing systems and strengthening cyberdefense
- Attracting and retaining top talent
AROUND THE COMMUNITY
Join the conversation. Attend one of CohnReznick’s Affordable Housing & Community Development Forums, being held in multiple locations throughout December and January.
This investor has raised $165 million to house black and Hispanics in opportunity zones (BlackEnterprise.com)
Affordable housing for seniors and formerly homeless rising in Queens (Real Estate Weekly)
Investors assess LIHTC market heading into 2020 (Affordable Housing Finance)
After 40 years of opposition, affordable housing project to break ground in Huntington (New York) (WSHU-NPR)
How a “teardown tax” could help fund affordable housing in Montgomery County (Maryland) (WJLA-ABC)
HUD issues Request for Information on eliminating regulatory barriers to affordable housing (National Housing & Rehabilitation Association)
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.
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TopicHousing tax credit data analysis and reportSince 2012, CohnReznick’s Tax Credit Investment Services group is responsible for the nation’s most comprehensive analysis of its kind on the housing tax credit program. By tracking and analyzing the performance of more than 21,000 housing credit properties, CohnReznick’s reports help developers, investors, and other industry participants to establish best practices for acquiring, underwriting and managing tax credit investments, benchmark portfolios, examine operating expenses, and gain insight into the housing tax credits industry.
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