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Affordable Housing News & Views - May 2019
CohnReznick Insights
After a long and highly anticipated wait, Treasury has finally lifted the veil on a new set of proposed regulations that attempts to bring additional clarity to tax breaks on investments in economically disadvantaged communities that are designated as qualified opportunity zones (QOZs). The proposed regulations, some 169 pages in length, were released on April 17, and supply additional guidance under Section 1400Z-2 of the Internal Revenue Code.
- Review CohnReznick’s “long and the short” with 12 quick hits on the latest guidelines.
AROUND THE COMMUNITY
CohnReznick’s New Markets Tax Credit Summit, May 13-15
NYSAFAH Annual New York City Conference, May 16
Affordable Housing of Montgomery County (MD) Housing Conference, May 17
California Council of Affordable Housing Spring Conference, May 15-17
National Multifamily Housing Council Spring Board of Directors Meeting, May 15-17
National Association of Local Housing Finance Agencies, May 15-18
HAND Housing’s Changing Face of Nonprofit Developers, May 28
NH&RA Asset Management Conference, June 3-4
Housing Advisory Group Annual Meeting, June 4
National Association of Affordable Housing Lenders Annual Policy and Practice Conference, June 5
CAHEC Annual Partners Conference, June 4-5
HAND’s 28th Annual Meeting & Housing Expo, June 11
Virginia Housing Alliance Housing Virginia Conference, June 12-13
NCSHA Housing Credit Connect, June 11-14
Consortium for Housing and Asset Management Annual Conference, June 18-19
NLHA Annual Meeting, June 19-21
IPED Annual Historic Tax Credit Summit, June 20-21
PHFA 2019 Multifamily Affordable Housing Conference, June 26-28
HEADLINES
Fannie Mae Launches $10 Million Affordable Housing Challenge (WJCT Public Media)
REACHing Out With Intergenerational Affordable Housing (DJCOregon.com)
Year 15: Facing Off With The Aggregator (Tax Credit Advisor)
Low-Income Housing Fund Closes With $109M (GlobeSt.com)
New Report: Solutions For Miami’s Housing Affordability Crisis (Miami Herald)
Affordable Housing Gap Grows, And Available Resources Are Lacking (Bisnow Chicago)
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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.