What’s trending in Affordable Housing



October 22, 2018

NP Affordable Housing Blog

Author(s): Brian P. Donnelly, Forrest David Milder, Richard Michael Price

What will Opportunity Zone rules say, a first look at the IRS’s proposed regulations on Opportunity Zones and a recent Supreme Court decision calls into question the validity of administrative hearings. Here’s what’s trending in affordable housing and community development.

Affordable Housing

A first look at the IRS’s proposed regulations on opportunity zones

We explore how the new Opportunity Zone Proposed Regs and Revenue Ruling 2018-29 affect the how, what, when and who of Opportunity Zones, as well as a collection of other notable issues.—Richard Michael Price, Forrest David Milder

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Opportunity Zone Rules—What will they say?

The 30-member strong Nixon Peabody, LLP Opportunity Zone Working Group has blogged, written and lectured for the past 10 months about Opportunity Zones. Today Treasury has released proposed rules for what is described as $100 billion in real estate and business opportunities in 8,700 low-income communities around the U.S.—Richard Michael Price

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HUD

Decision calls into question validity of administrative hearings

This recent Supreme Court decision calls into question the validity of recent proceedings held before administrative law judges, including HUD administrative judges.—Brian Donnelly

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Upcoming Events

A Closer Look at RAD

Location: Nixon Peabody LLP | Boston, MA

Date: October 23, 2018

Speakers: Paul Bouton, Jeffrey Sacks, Kathie Soroka, Deborah VanAmerongen

Topics include: This panel will review the latest HUD guidance, flag common pitfalls and discuss best practices to make the most out of the tools RAD has to offer.

A Closer Look at RAD + HUD Mod Rehab

Location: Nixon Peabody LLP | Los Angeles, CA

Date: October 31, 2018

Speaker: Edward Campbell, Kathie Soroka, Monica Hilton Sussman

Topics include: This panel discusses the latest HUD guidance, flag common pitfalls and discuss best practices to make the most out of the tools RAD has to offer, plus HUD’s overview of RAD for Mod Rehab and Mod Rehab SRO properties, presented by the Office of Multifamily Housing Program’s Office of Recapitalization.

IPED — Tax Credit Property Dispositions

Location: Intercontinental Hotel Los Angeles Century City at Beverly Hills | Los Angeles, CA

Date: November 1–2, 2018

Speaker: Meghan Altidor, Nathan Bernard, Edward Campbell, Le Dolan, Rick Goldstein, Tatiana Gutierrez, Matt Mullen, Sonia Nayak, Kathie Soroka, Monica Hilton Sussman, Stephen Wallace

Topics include: This conference will examine the opportunities and challenges facing owners of maturing tax credit properties and the ways proactive owners and investors can maximize the value of tax credit properties in Year 15.

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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