What’s trending in Affordable Housing

March 18, 2018

NP Affordable Housing Blog

Author(s): Richard Michael Price, Jeffrey W. Sacks

The Opportunity Zone, what is it, and how can buried new community development program hidden in the Tax Cuts and Jobs Act allow for new sources of community development capital. Here’s what’s trending in affordable housing.

Affordable Housing

Opportunity Zones: New Community Development Program hidden in Tax Cuts and Jobs Act

Buried within the Tax Cuts and Jobs Act is a provision creating “Opportunity Zones,” which can allow for new sources of community development capital.—Jeffrey Sacks and Angela Benoit

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What is the Opportunity Zone?

The new Opportunity Zones program in the recent tax law are coming into focus as a potentially important community development tool. Each state resident interested in a particular community should check in that state about designating their community. Beyond that there are many implementation requirements and opportunities to learn about.—Richard Michael Price

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Upcoming Events

Housing Issues in Focus: Spotlight on New York City and State Supportive Housing Financing

Location: Nixon Peabody LLP | New York City

Date: April 5, 2018

Speaker: Meghan Altidor

Topics include: The interplay of new supportive housing financing initiatives offered by the city and state with traditional affordable housing funding tools. Discussion on how these various programs work and best practices.

IPED — Learn the Basics: Housing Tax Credits 101

Location: Boston Park Plaza | Boston, MA

Date: April 19–20, 2018

Speakers: Nathan Bernard, Tom Giblin, Alexandra Lawson, John Marti, Forrest Milder, Matt Mullen

Topics include: Overview of low-income housing tax credit program, critical issues facing the affordable housing industry in 2018 and beyond and an update on the Tax Cuts and Jobs Act and how it will affect your business.

CCAH — Annual Meeting and Conference

Location: Myrtle Beach Marriott Grande Dunes Resort | Myrtle Beach, SC

Date: April 23, 2018

Speaker: Richard Price

Topics include: Richard Price will be moderating a panel on the new tax law and its effect on affordable housing.

The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

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