2022 Forum on Affordable Housing Annual Meeting



Date: May 25, 2022 - May 27, 2022

Time: 10:00 am - 5:00 pm Eastern

Location: Mandarin Oriental, Washington, DC

Nixon Peabody attorneys Forrest Milder, Alex Rosso, Susanna Mitchell, Kathie Soroka, and Chaundi Randolph will be participating in the 2022 Forum on Affordable Housing Annual Meeting.

Details from the conference website

IRS & Treasury Discussions on LIHTC and Opportunity Zone Issues – Part 1
Panelist include: Forrest Milder
This panel will have affordable housing representatives and IRS and Treasury personnel discussing Low-Income Housing Tax Credit Issues Qualified Opportunity Zone Issues. Topics will include items on the IRS priority guidance plan, the status of Proposed Regulations on the Average Income Test, issues related to the new 4% minimum credit rate, late receipt of Forms 8609s and filing of tax returns, and various OZ issues. Additional Treasury personnel have also been invited to discuss the State and Local Fiscal Recovery Funds (“SLFRF”) made available through the American Rescue Plan Act of 2021

IRS & Treasury Discussions on LIHTC and Opportunity Zone Issues – Part 2
Panelist include: Forrest Milder
This panel will have affordable housing representatives and IRS and Treasury personnel discussing Low-Income Housing Tax Credit Issues Qualified Opportunity Zone Issues. Topics will include items on the IRS priority guidance plan, the status of Proposed Regulations on the Average Income Test, issues related to the new 4% minimum credit rate, late receipt of Forms 8609s and filing of tax returns, and various OZ issues. Additional Treasury personnel have also been invited to discuss the State and Local Fiscal Recovery Funds (“SLFRF”) made available through the American Rescue Plan Act of 2021

Tips and Tricks to Representing Non-Profits
Panelist include: Susanna Mitchell
This panel will provide information and best practices for lawyers who are working with Nonprofits that are engaged in affordable housing activities. Topics will include organizing and operating requirements, IRS guidance for development and preservation of affordable housing and the pros and pitfalls of joint ventures with for profit organizations.

Recent Developments in the RAD Program
Panelist include: Kathie Soroka
Panelists will discuss recent developments and trends in the RAD program, such as RAD for PRAC, Faircloth to RAD, and post-closing and asset management issues. In addition, the panelist will consider creative RAD concepts, practical differences between RAD components and closing and timing issues. Other topics may include 8(bb) transfers combined with RAD conversions and methods to combine project types or combine projects across jurisdictional lines.

MAP Guide Update and Lesson Learned from Remote Closings
Panelist include: Alex Rosso
Panelists will discuss recent changes in the MAP Guide and any issues around implementation of the newest changes as well as lessons learned from remote closings during the pandemic and what may carry over as HUD and other practitioners return to the office.

Hot Topics in Tax Credit Transactions
Moderated by Forrest Milder
Hear from the experts on the latest issues impacting our industry, including (a) first year loss flips, (b) structuring transactions using ARPA funds, (c) how and when new bond funds may be used to obtain a 4% credit rate on an already closed transaction, (d) income averaging, (e) delayed 8609s, (f) rights of first refusal and purchase options, (g) timing for recertifications of tenants in acquisition/rehabilitation projects, and (h) state tax credits.

Hot Topics – Public and Assisted Housing
Moderated by Chaundi Randolph
This panel will discuss a number of current topics involving HUD public and assisted programs, including public housing streamlined conversions, the use of project-based vouchers in non RAD developments, PHA bond issuances, and section 202 elderly housing updates.

For more information or to register, visit the conference page on the ABA website.

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