Novogradac Webinar on Phase 3 COVID-19 Response Bill

Wednesday, April 1, 2020

April 1, 2020

This webinar airs from 1 to 2:30 p.m. ET (10 to 11:30 a.m. PT)

We are hosting this webinar via Zoom. Please ignore any automated emails regarding registration within GoToWebinar. You will receive a Zoom link on the evening prior to the webinar.

The nearly $2.2 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act contains numerous tax, grant, and loan provisions designed to provide financial aid to individuals, businesses, nonprofits and state and local governments, to help address the tremendous health and economic fallout from the public health emergency.

The bill does not contain any targeted community development-related tax provisions. Absent specific guidance in those areas, the Novogradac Webinar: Phase 3 COVID-19 Response Bill's Effect on Affordable Housing and Community Development will discuss the bill's overall impact on these industries and how to address economic needs moving forward. (See related Notes from Novogradac blog post published March 25, 2020.)

Instructors

Michael Novogradac, CPA
Managing Partner
Novogradac

Peter Lawrence
Director of Public Policy and Government Relations
Novogradac

Megan Murphy
Principal - National Tax Practice
Novogradac

Frank Altman
CEO
Community Reinvestment Fund

Topics Covered

Individuals
- 2020 recovery rebates for individuals
- Unemployment insurance
- Relaxation of Charitable Deduction Limits
- Special rules for use of retirement funds
- Income tax exclusion for student loans
Businesses
- $500 Billion Treasury Exchange Stabilization Fund
- Delay of employer payroll tax payments
- Small Business Administration Forgivable Loans and Grants
- Employee Retention Tax Credits
- Modification of limitation on business interest
- Technical amendment on qualified improvement property
- Modifications of net operating losses
- Modification of loss limitation for taxpayers other than corporations
- Modification of AMT credits
- Limitations on Paid Leave
- Forbearance of Residential Mortgage Loan Payments for Multifamily Properties with Federally Backed Loans
- Temporary Moratorium on Eviction Filings
Overview of selected fiscal year (FY) 2020 supplemental appropriations
- Coronavirus Relief Fund
- Federal Emergency Management Agency (FEMA) Disaster Relief Fund
- HUD Supplemental Funding ($17.4 billion total)
  - $5 billion Community Development Block Grants (CDBG)
  - $4 billion McKinney-Vento Homeless Emergency Solutions Grants
  - $1.25 billion Tenant-Based Renal Assistance (TBRA)/Housing Choice Vouchers (HCV)
  - $1 billion Project-Based Rental Assistance (PBRA)
  - $685 million Public Housing Operating Fund
  - $300 million Native American Programs
  - $50 million Section 202 Supportive Housing for the Elderly Program
  - $65 million Housing Opportunities for Persons With AIDS (HOPWA)
  - $15 million Section 811 Supportive Housing for Persons with Disabilities
- Treasury Supplemental Funding
Next Steps

Terms and Conditions

Target Audience

Housing and community development professionals

Registration Rates

Standard: Free
Nonprofit: Free
Multiple Registrations: Free

We are hosting this webinar via Zoom. Please ignore any automated emails regarding registration within GoToWebinar. You will receive a Zoom link on the evening prior to the webinar.