Affordable Housing News & Views - May 2020

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.

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. 

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).

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