Novogradac Effects of COVID-19 for LIHTC Development and Operations Webinar

Friday, May 15, 2020 - 10:00am to 12:00pm
May 15, 2020 - 10:00am to 12:00pm

This webinar airs from 1 to 3 p.m. ET (10 a.m. to Noon PT)

COVID-19 has left the affordable housing community—like so many others—in a state of uncertainty. This webinar addresses recent actions taken by policymakers and agencies to mitigate effects of COVID-19 on low-income housing tax credit developments and what those actions mean for owners, managers, investors, tenants and other stakeholders.

Instructors

Dirk Wallace
Partner
Novogradac

Peter Lawrence
Director of Public Policy and Government Relations
Novogradac

Stephanie Naquin
Multifamily Compliance Manager
Novogradac

Mark Shelburne
Housing Policy Consultant
Novogradac

with

Jen Brewerton
Vice President of Compliance
Dominium

Topics Covered

  • Deadline extensions
    • July 15 automatic extensions
      • 10 percent lest deadlines in certain states
      • Tenant annual recertification
      • Other
    • Longer based on agency action (Rev.Proc. 2014-49)
  • Eviction restrictions
    • What CARES Act does and does NOT say
    • Other restrictions and practical considerations
  • Forbearance
    • Current approach vs. historical norms
  • Compliance monitoring
    • Current suspensions of on-site visits
  • IRS relief
    • Amending partnership returns
    • Bonus depreciation
    • Interest deduction limitations under 163(j)
  • Possible IRS relief
    • Deadlines for:
      • 10 percent test
      • Placed-in-service
      • Meeting rehabilitation expenditures
      • Casualty loss
  • Legislative proposals
    • Immediate 4 percent floor
    • Lowering the 50 percent test
    • Increasing 9 percent allocations starting inn 2021
    • Basis boost provisions

Target Audience

Owners and managers of low-income housing tax credit properties, state agencies, attorneys, lenders, investors, accountants, consultants, and anyone else who wants to learn more about COVID-19's effects on the low-income housing tax credit community.

CPE Information
Terms and Conditions
Receiving Login Info and Handouts

Registration Rates*

Standard: $120
Nonprofit: $105
Multiple Registrations: $105/person ($90/person for nonprofits)

*The standard and nonprofit registration fee for live online webinars and for online webinar recordings covers a single viewer only. If multiple persons within an organization wish to view the webinar and/or its recording (regardless of whether they view it on a single computer or multiple computers), the organization must purchase a registration for each person.