News
AHFA Thresholds Newsletter: March 2020
A Message from AHFA About COVID-19 AHFA is closely monitoring the COVID-19 pandemic. In light of the rapidly evolving situation, AHFA has adopted the best practices put forth by the Centers for Disease Control and Prevention (CDC) along with other health agencies, and...
Housing Advisory Group: Key Regulatory Update from NCSHA, Tidwell Group & IRS
Our colleagues at NCSHA have been in discussions with the Internal Revenue Service concerning regulatory issues affecting the affordable housing industry stemming from the COVID19 crisis. Below is some good news they received which we are passing along to you. We...
Tidwell Group: Special COVID-19 Federal Update
March 31, 2020 | Special COVID-19 Update We at Tidwell Group are continuing to monitor the impact of coronavirus (COVID-19) on our clients and analyzing daily information coming from Federal, State, and Local governments. In order to keep our clients informed of the...
CohnReznick: Tax Deadlines and Charitable Giving in the Wake of COVID-19
FAQ: Charitable giving in the age of COVID-19 Can funds from an employer-sponsored public charity be given to qualifying employees? What about funds from a private foundation? What are the tax consequences of giving directly to employees? Learn about ways...
Nixon Peabody offers COVID-19 guidance for owners and managers of multifamily & Fannie, Freddie Offer Multifamily Mortgage Forbearance Forbidding Evictions
Nixon Peabody Gives COVID-19 guidance for owners and managers of multifamily residential properties Nixon Peabody provides an update for owners, managers and other providers of multifamily housing facing challenges in responding to the COVID-19 virus, including...
IRS Extends Federal Tax Filing Deadline to July 15
March 20, 2020 | Tidwell Group Special Report Steven Mnuchin, Secretary of the Treasury, announced today that the federal tax filing deadline for all taxpayers and businesses would move from April 15 to July 15, without interest or penalties. This filing extension was...
Multifamily General Notice 2020-001: COVID -19 Emergency Work Measures
During the COVID-19 outbreak the AHFA Multifamily Division will implement emergency measures to address the work of the department in the safest possible manner. The Multifamily Division will work at 50 percent staffing with all healthy and available staff alternating...
USDA Rural Development Now in Enterprise-Wide Remote Operational Status
Press Release Remote Status Protects the Health of Employees, Customers and the Greater Community (Washington, D.C., March 20, 2020)Deputy Under Secretary Bette Brand announced today that USDA Rural Development is implementing enterprise-wide remote operational status...
How to Support Timely Delivery of First Year Credits
By Jeremy Densmore and Lee Dodson Timely delivery of first-year credits benefits developers, syndicators, and investors in a Low Income Housing Tax Credit (LIHTC) development. The project itself also benefits because additional equity may be contributed, which means...
HUD Financing Updates | Tidwell Group
By Damien Cassell, CPA and Morgan E. Mahaffey, JD The U.S. Department of Housing and Urban Development (HUD) continues to make it easier for developers and owners to use loan programs for LIHTC and Opportunity Zone projects. With announcements this year that promise...
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