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.
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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.
InsightAffordable Housing News & Views - June 2020Beth MullenThe latest industry insights, news, and events
InsightNew proposed regulations released on claiming the Section 47 rehabilitation tax creditBeth MullenNew proposed regulations from the IRS pertain to the five-year period for claiming IRC Section 47 rehabilitation tax credits. Click to learn more.
InsightAFFORDABLE HOUSING Q&A (and Q): What we’re hearing and want to know related to COVID-19’s impactBeth MullenGet answers from Beth Mullen on coronavirus-related construction cost overruns, interest capitalization, and more, and tell us about your concerns for deals.