Affordable Housing News & Views - March 2019

The IRS recently published new compliance monitoring regulations in the Federal Register in late February to amend and clarify requirements related to physical inspections and review of low-income certifications and other documentation. These regulations replace temporary regulations published on Feb. 26, 2016. Click below for a high-level summary about how these changes impact your business.

Connect with LIHTC industry experts across the spectrum through this live webinar, hosted by Birch Island Real Estate Consulting, on the newly established minimum set-aside, Average Income (AI). Guidance through the IRS has been limited, so how are LIHTC projects going forward with the AI set-aside and what are they experiencing? This interactive two-hour training features seven LIHTC industry experts, including CohnReznick’s Alison Hickman. 

CohnReznick’s Tax Credit Investment Services (TCIS) group updates the latest survey of housing tax credit market participants, including 40 syndicators and direct investors, and estimates the 2018 gross housing credit equity volume to approximate $16.4 billion. The 2018 volume reflects a $1.8 billion (12%) increase from the 2017 volume amount of $14.5 billion. Read more here, including current national and regional multi-investor funds, pricing, and other insights.

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.

headlines

Freddie Mac Makes Three Low-Income Housing Tax Credit Investments (National Mortgage News)

Lincoln Yards To Double Affordable Housing — To 600 Units — In Bid To Win City Approval (Chicago Tribune)

Affordable Housing Deficit Leaves Many Struggling To Find A Home In Their Budget (CBS-Chicago)

Citi Solidifies Its Position As America’s Largest Affordable Housing Lender (The Progress News)

City Could Provide Developers Incentives For Building Affordable Housing (WSOC-TV)

Planning Commission Director: 'Affordable Housing' May Not Mean What You Think (GLT89.1 FM)

New Courses In Affordable Housing Policy (KUSI News)

New Bill Could Waive Fees For Affordable Housing (LocalDVM.com)

Developers Seeking Tax Dollars Must Create Affordable Housing (RTV6-Indianapolis)

events

NCSHA 2019 Legislative Conference, March 11-13

CDFI Coalition's 2019 Institute, March 13-14

2019 Preservation NC Annual Conference, March 20-22

Georgia Affordable Housing Annual Conference, March 27-29

NLIHC 2019 Housing Policy Forum, March 27-29 

IPED Learn the Basics Housing Tax Credits 101 April 4-5

NCHMA Spring Meeting (2019), April 4-5

Southeast Mortgage Advisory Council’s Annual Meeting, April 16-18