In a scene from Season 6 of #raydonovan Liev Schreiber Ray Donovan on Showtime theOpportunity Zone OZ project we are pursuing

IRS Notice 2020-39 answers questions regarding relief from certain requirements under section 1400Z-2 of the IRC and the implementing regulations in response to the ongoing COVID-19 pandemic, such as testing dates for assets held by QOFs ...

timeframes for taxpayers to invest eligible gains in QOFs, and reminding taxpayers of additional time under the working capital safe harbor for projects undertaken by qualified opportunity zone businesses and the re-investment of certain proceeds received by QOFs from qualified..

Don Peebles, developer of a Back Bay air rights project, says the timing is right to spotlight the role public pension funds can play in diversifying in real estate ownership, amid continuing nationwide protests about racial inequity. bit.ly/38lFenh

This is helpful news for our projects: In response to the COVID-19 pandemic, the IRS today issued Notice 2020-53 to provide tax relief to issuers, operators, owners, and tenants of qualified #LIHTC projects or qualified residential rental projects financed with tax exempt bonds.

This is good news

As reported earlier by @NovogradacCPAs 1/2 House Approves Sweeping Infrastructure Bill that Includes LIHTC, NMTC, HTC, RETC Provisions

2/3 The House of Representatives today approved a sweeping infrastructure bill, voting to send the $1.5 trillion legislation to the Senate. The Moving Forward Act (H.R. 2) includes provisions to increase the annual 9 percent low-income housing tax credit (LIHTC) allocation amount

3/3 establish a permanent 4% LIHTC rate, temporarily reduce the 50% financed-by test for bond-financed housing to 25% permanently extend the #NMTC at a $5BN annual allocation adjusted for inflation, temporarily increase the #HTC applicable % and delay phasedown of #ITC until 2026

Let’s go! The RI budget bill signed last week by Gov. Raimondo continues funding for the state historic tax credit #HTC, thereby extending the HTC sunset date until June 30, 2021. H. 7170 transfers $5 million in appropriations for the Rebuild Rhode Island Tax Credit. #taxcredits

Yesterday, the U.S. House of Representatives passed the Moving Forward Act (HR 2), a $1.5 trillion bill that funds infrastructure projects. In addition to dedicating roughly $400 billion in infrastructure investments for roads, bridges, and transit.

The bill also includes key Historic Tax Credit (HTC) improvements and temporary measures related to COVID-19 recovery that were recommended by historic preservation and community development advocates.

Federal Historic Tax Credit Provisions: The legislation includes temporary increases for all HTC projects to help overcome obstacles from the nationwide shutdown this spring and aid in the economic recovery – a 30% HTC from 2020-2024, a 26% HTC in 2025, and a 23% HTC in 2026.

The bill also includes (1) a temporary extension to rehab period deadlines to ensure projects impacted by the pandemic do not fail to qualify for the HTC, and (2) makes permanent most HTC Growth and Opportunity Act provisions, including a 30% HTC for projects under $2.5 million.

We did it! finance.yahoo.com/news/cherrytre…

Real Estate Organization Recognizes Cherrytree Executive | Business Wire businesswire.com/news/home/2021…

Real Estate Organization Recognizes Cherrytree Executive ca.movies.yahoo.com/real-estate-or… via Yahoo Canada

Brownfield Coalition of the Northeast - Ambrosino’s A Quick Study brownfieldcoalitionne.org/bcone-news-upd…

Are you registered for the June 22/23 Northeast Sustainable Communities Workshop Yet? Join us @ #NSCW2021. Expand your knowledge & network. Your current & future clients will thank you! Don't miss out on early bird prices. Register today: bit.ly/bconenscw2021 #brownfields

💥Exciting News! The 2022 Northeast Sustainable Communities Workshop (NSCW), will be held in-person in beautiful Stamford, Connecticut on September 13th and 14th! This year’s theme is "A New Era for Equitable Development." Save the Dates and stay tuned for more details.