Starting for audits of financial statements in 2019, restricted cash and restricted cash equivalents such as tenant security deposits and self-restricted reserves will be presented differently. While minor, the result will change the beginning and ending cash and cash equivalents balances that previously were reconciled in the statement of cash flows. Read more about ASU 2016-18 here.
AROUND THE COMMUNITY
InsightAffordable Housing News & Views - September 2020Beth MullenThe latest industry insights, news, and events
InsightCapitol Connection: Summer’s end – Losing ground on affordable housingBob MossAfter COVID-19 and low rates for the 4% housing credit have stalled projects across the U.S., we can’t wait any longer for help from Congress, Bob Moss writes.
InsightAffordable Housing News & Views - August 2020Beth MullenThe latest industry insights, news, and events
InsightAffordable Housing News & Views - July 2020Beth MullenThe latest industry insights, news, and events.
InsightCapitol Connection: The tip of the iceberg of affordable housing’s COVID-19 problemRobert MossEven if coronavirus-related construction delays can be fixed, affordable housing faces a funding gap as the 4% credit rate has dropped, Bob Moss writes.