Affordable Housing News & Views - September 2020

Our new “Business of LIHTC” series of events and insights kicks off Sept. 21-24 with a four-part webinar series, “Understanding LIHTC,” that will help new entrants gain a foundation for how affordable housing is developed. Join us for:

• Sept. 21: The business case for LIHTC development
• Sept. 22: Gatekeepers and players
• Sept. 23: Doing a deal: Before construction
• Sept. 24: Doing a deal: After construction and beyond

In future “Business of LIHTC” installments, CohnReznick professionals will discuss specific topics to help all experience levels better understand important issues, and nuances that affect successfully developing affordable housing.

For September, in addition to reviewing the latest on pricing and national and regional multi-investor funds, we’ve also included an expanded analysis of COVID-19's impact on transactions under construction, pre-close, or under management.

In the wake of COVID-19, the lower monthly floating percentage rate for the 4% housing credit has stalled projects across the nation, and we are losing ground on affordable housing at a historic pace. In this new installment of Capitol Connection, CohnReznick’s Bob Moss writes that we need help from Congress – in the form of fixing the 4% rate – to mitigate a disastrous future. 

Many aspects of today’s business environment are out of a CFO’s control. But there are numerous areas in which CFOs can maximize the value of the finance function to help improve profitability and strengthen resilience. Read about four specific areas that CFOs should prioritize and steps that can be taken to help bridge the gap between survival and revival: 

• Establishing a permanent work-from-anywhere program
• Navigating disruption with agility
• Prioritizing risk and compliance complexities
• Building a better finance function