Affordable Housing News & Views - December 2021

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Happy holidays from CohnReznick’s Affordable Housing team!

We wish you a happy, bright, and prosperous holiday season, and continued best wishes into 2022!

Capitol Connection: Housing and legislative updates

Listen in as Bob Moss, principal with MG Housing Strategies, joins Beth Mullen, CohnReznick’s Affordable Housing practice leader, to discuss the latest news related to the Build Back Better plan and the industry’s wish-list of IRS guidance for the new year.

IRS issues guidance on Low-Income Housing Tax Credit (LIHTC) fixed 4% rate 

The 4% minimum credit rate established late last year was a welcome arrival, but quickly sparked questions regarding its application. The IRS has now released long-awaited guidance, clarifying its position regarding the applicability of the 4% floor to three common potential scenarios.

NMTC Summit registration is now open!

We're excited to be back in person for the 21st annual New Markets Tax Credit Summit, May 9-11 in Miami. Registration is officially open. Secure your spot today.

Subject matter expertise

  • beth mullen
    Contact Beth Beth+Mullen
    Beth Mullen

    CPA, Partner, Affordable Housing Industry Leader

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This has been prepared for information purposes and general guidance only and does not constitute legal or 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 partners, 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.