Affordable Housing News & Views - May 2020

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CohnReznick Insights

Next week: NMTC Virtual Summit focusing on the importance of strong communities

While this year’s New Markets Tax Credit (NMTC) Summit is virtual, it will still be exploring several issues impacting community development throughout the three afternoons (May 18-20). Get year-round access at a low registration rate, with numerous discussions of community-building aspects (housing, healthcare, transportation, workforce issues, and more) live during the Summit, on-demand access after, and new content expected to be added in the coming weeks and months.

Q&A (and Q) with Beth Mullen: What we’re hearing and want to know related to COVID-19’s impacts

While Practice Leader Beth Mullen gives insight into the latest questions during this challenging time, the CohnReznick Affordable Housing team is also interested in your thoughts. Read up on four questions the team is handling, then weigh in on where deals are experiencing challenges. 

ICYMI: Affordable housing leaders roundtable on COVID-19 and its impact

On April 29, affordable housing leaders had a dynamic discussion on the impact of COVID-19 on the community development industry. From help available through the Coronavirus Aid, Relief, and Economic Security (CARES) Act  to other mechanisms, the group talked about what has been enacted, what is still needed, and how the industry is coping through the pandemic. Listen to this on-demand webinar in which CohnReznick’s Beth Mullen, Bob Moss (national director of legislative affairs), and Cindy Fang (Tax Credit Investment Services leader) were joined by Andrea Ponsor (SAHF), Julie Hertzog (AHIC), Merrill Hoopengardner (NTCIC), and Ray Pearl (CHC and CISHA).

COVID-19 financial relief: An overview of SBA, CARES, and alternative financing strategies

As businesses manage through the uncertainty of COVID-19, there are options for leaders to seek financial relief, enhance liquidity, and preserve company value. However, navigating the array of options and understanding which relief packages apply to your company can be challenging. Listen in on this on-demand webinar covering:

  • Economic perspective from Bob Moss
  • Overview and qualification criteria for SBA’s Economic Injury Disaster Loan program and Payroll Protection Program
  • Alternative financing strategies for companies that don’t qualify for SBA relief assistance
  • An overview of the CARES Act
  • Options for tax relief, including payroll tax credits and deferment of income tax payments and certain state/local taxes, as well as tax-saving opportunities available to both individuals and businesses

Subject matter expertise

  • beth mullen
    Contact Beth Beth+Mullen
    Beth Mullen

    CPA, Partner, Affordable Housing Industry Leader

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Affordable Housing News & Views

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 partners, 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.