CPA, Partner - Affordable Housing Industry Leader
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Affordable Housing News & Views - June 2020
Even if coronavirus-related construction delays are fixed, the affordable housing industry still faces a funding gap as the 4% credit rate has dropped to a dangerous low. Bob Moss discusses that obstacle and pending Congressional developments in his latest Capitol Connection.
If you are a contractor participating in the Paycheck Protection Program (PPP) and hope to benefit from loan forgiveness, numerous issues and pitfalls need to be understood. Be prepared and learn more about the PPP’s impact, additional guidance from the SBA, and areas yet to be fully defined. During this on-demand webinar, CohnReznick’s Jack Callahan, national Construction practice leader, and Anthony Campolo, a leader in the construction practice, discuss numerous issues, including how to handle:
- Maximizing your total eligible forgiveness amount
- Identifying, quantifying, and accounting for allowable eligible costs under the program
- Determining if your loan forgiveness amount will be reduced (and how to avoid reductions)
- Best practices on how to track your eligible allowable costs
- Other pitfalls to avoid
CohnReznick’s NMTC Virtual Summit is available on-demand and features incredible conversations from leaders across a diverse spectrum in community development. Focusing on the importance of strong communities, the Summit took advantage of a unique online platform. Catch it all at your convenience. Discussions included housing, healthcare, transportation, workforce issues, our NMTC workshop, and more.
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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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