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.