Affordable Housing News & Views - January 2019

New Markets Tax Credit Summit 2019 has announced the dates for this year’s can’t-miss event. This year’s Summit is at its familiar location at the Loews Miami Beach hotel May 13-15.

One year ago, we were absorbing the potential effects of the Tax Cuts and Jobs Act, recovering from the battle over Tax Exempt Bonds and the Qualified Census Tract reduction attempt and the fight over the elimination of the Historic Tax Credit. Over the course of 2018, the affordable housing industry waded through the onslaught of political noise and legislative battles as we continued our attempts to increase resources in light of the national rental housing crisis. Bob Moss, Principal and National Director of Governmental Affairs, has compiled excerpts from last year’s Capitol Connection articles (as well as his prediction for 2019).

Beth Mullen, CohnReznick’s national practice leader for Affordable Housing, weighs in with money manager interest and their appetite for opportunity zone investing. Regulatory uncertainty, tax guidance, and mechanisms to report and measure investments are still concerns, Beth told “Pensions & Investments” in a recent interview. For full Opportunity Zone coverage, please bookmark CohnReznick’s dedicated page here for updates. For the full “P&I” article, see here: 

Already focused on the holiday break and didn’t get a chance to catch our December 19 webinar on tax reform provisions affecting tax accounting methods and tax depreciation? It’s  available on demand! The recorded webinar delves into the numerous changes and clarifications that have come about since the release of the 2017 Tax Cuts and Jobs Act. Critical questions pertaining to the processes that businesses need to adhere  to stay on track and out of the weeds are discussed.

Hear from Beth Mullen, CohnReznick's Affordable Housing Industry Leader, and Bob Moss, National Director of Governmental Affairs, along with local CohnReznick leaders on the state of the housing industry. These forums recently kicked off in Charlotte and Atlanta, and numerous other cities and dates are scheduled. Don’t miss out; register today:

•  Baltimore – January 24, 8:30 a.m. to 10 a.m. ET
•  Bethesda – January 25, 8:30 a.m. to 10 a.m. ET
•  New York City – February 5, 11:30 a.m. to 1:30 p.m. ET
•  Los Angeles – February 20, 12:00 p.m. to 2:00 p.m. PT
•  San Francisco – February 21, 12:00 p.m. to 2:00 p.m. PT

News stories and headlines from the previous month

How The Government Shutdown is Hurting Some of America's Poorest Families (NBC News)

Here's What's Affected By The December 2018 Partial Government Shutdown (National Mortgage News)

Housing Leaders Bullish About Income Averaging (Affordable Housing Finance)

Compliance Expert Digs Into Income Averaging  (Dominium)

The Case for Nonprofit Housing Developers (Washington Monthly)

Housing Partnership Inc. Plans Mixed-Use Development for Vacant Warehouse on West Broadway (Insider Louisville)

39 NYCHA Properties to Undergo RAD Conversion (Housing Finance)

How Land-Rich, Cash-Poor Faith Groups Are Creating Affordable Housing (CBS News)

Affordable Housing Developers Face New Challenges (National Real Estate Investor) 

Industry Rides LIHTC Market Changes (Affordable Housing Finance)

The Man-Made Affordable-Housing ‘Crisis’ (National Review)

Atlanta Loses $1 Million Federal Grant For Affordable Housing (Atlanta Journal-Constitution)

Events

2019 NCSHA HFA Institute, January 13-18

Bisnow Baltimore’s Opportunity Zones Summit, January 22

2019 AHTCC Annual Conference, January 28-29

National Leased Housing Association Mid-Year Meeting, January 30-February 1

National Multi-Housing Council, January 29-31

Bisnow’s Opportunity Zones 101: San Francisco, the South Bay and the Peninsula, February 6

Maryland Affordable Housing Coalition’s Housing Day, February 14

Bisnow's Greater Los Angeles Multifamily, February 19

Bisnow's Silicon Valley State of the Market and Opportunity Zones, February 20