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.
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 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.
CPA, Partner - Affordable Housing Industry LeaderView full biography
New Markets Tax Credit Summit 2019
Insight2019 year-end tax planning considerations for developersLast year at this time we were all scrambling to fully understand the impact of the Tax Cuts and Jobs Act on Low Income Housing Tax Credit (LIHTC) deals. The most important decision to be made with respect to the 2018 tax return was to make the real property trade or business (RPTOB) election or not.
TopicHousing tax credit data analysis and reportSince 2012, CohnReznick’s Tax Credit Investment Services group is responsible for the nation’s most comprehensive analysis of its kind on the housing tax credit program. By tracking and analyzing the performance of more than 21,000 housing credit properties, CohnReznick’s reports help developers, investors, and other industry participants to establish best practices for acquiring, underwriting and managing tax credit investments, benchmark portfolios, examine operating expenses, and gain insight into the housing tax credits industry.
InsightAffordable Housing News & Views - November 2019Beth MullenThe latest industry insights, news, and events.
InsightCapitol Connection: Staying positive for the AHCIABob MossThe last large tax and spending Omnibus bill, the Consolidated Appropriations Act of 2018 increased the federal Low-Income Housing Tax Credit by 12.5 percent in order to offset the reduction in its value from the reduction of corporate tax rates by the Tax Cuts and Jobs Act.
InsightTax credit investment market booms, but more can be done to solve housing crisisThanks to an unprecedented demand for affordable housing – and strict banking regulations – the investment market for Low-Income Housing Tax Credits is booming like never before.