CPA, Partner - Affordable Housing Industry Leader
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Affordable Housing News & Views - July 2020
CohnReznick’s Tax Credit Investment Services (TCIS) group has issued the latest Housing Tax Credit Monitor, for July 2020. Some notable updates include a 5.11% blended IRR among the national multi-investor funds currently offered, and the median housing credit price in the last 60 days was $0.919 across 99 properties. Read more, including COVID-19’s impact on current transactions, construction impacts, and the latest from national and regional funds.
Following the early June passage of the Paycheck Protection Program (PPP) Flexibility Act, the Department of the Treasury and the Small Business Administration (SBA) on June 17 released two new versions of their PPP Loan Forgiveness Application: a fully revised version and a new “EZ” version. Both come with in-depth instructions on how to complete them. Read our overview of changes from the previous PPP forgiveness application and other guidance.
If your organization moved to a remote-work environment in the wake of the coronavirus outbreak, was the switch made with proper attention to cybersecurity and privacy processes and policies? Insurers are adding new measures to get a better read on businesses’ risks. Access our Coronavirus Resource Center for insights on managing risk and addressing challenges during this pandemic, as well as content on preparing for future disruptions. Protect your remote-work environment, starting with these resources: a cyber health checklist virtual workshop and an article on preparing for insurer scrutiny.
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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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