CPA, Partner, Affordable Housing Industry Leader
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Affordable Housing News & Views - July 2022
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CohnReznick's monthly Affordable Housing News & Views newsletter delivers our latest insights, events, and data for the low-income housing tax credit (LIHTC) industry straight to your inbox. Here’s what you need to know this month.
Listen in as Bob Moss and David Gasson, principals with MG Housing Strategies, join Beth Mullen, CohnReznick’s Affordable Housing practice leader, to discuss critical legislative updates for the LIHTC industry. This month’s conversation covers the USICA bill; updates on reconciliation, appropriations, and CRA changes; “placed in service” issues; and more.
How does an organization “download” the depth of experience to the next generation of LIHTC leaders? Read our recommendations on succession planning best practices.
With the Financial Accounting Standards Board’s (FASB) overhaul of the accounting for leases, non-public entities will be required to report under the new standards when they issue their financial statements for annual reporting periods beginning after Dec. 15, 2021. Learn how organizations in affordable housing can prepare to adopt this new leasing standard.
As projects face increasing competition for tax credits, market studies are an important tool in proving their viability. Most LIHTC projects come with special considerations that should be addressed prior to the market study being conducted. Discuss these 5 potential red flags with your market study provider.
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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.