Cherrytree Group LLC
@cherrytreegrp
Tax credit consultant, broker, and syndicator for brownfields, renewable energy, historic rehabilitation, and low-income housing tax credits.
You might like
"LIHTC Equity Market Stabilizing Four Months into COVID-19 Pandemic." Notes from @Novogradac. novogradac.com/eeoc
Twiiter friends:I need help from the #LIHTC community. We invested in a deal transforming a historical schoolhouse into 49 rental apartments for low-income households. Will generate both historic and low-income housing tax credits. Looking for a tax credit investor -80% complete
As a company that specializes in smaller tax credit deals, we are especially hopeful to see this legislation pass the Senate. #HTC @USSenate
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.
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
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
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
As reported earlier by @NovogradacCPAs 1/2 House Approves Sweeping Infrastructure Bill that Includes LIHTC, NMTC, HTC, RETC Provisions
👍
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
California Governor Signs Budget Bill Including $500 Million Increase in State LIHTC novogradac.com/q02t
Some levity for authors, agents, publishers #authors #publishers #MSWL @jsinsheim
😢
Our President @warrenkbaum wrote a novel and is actively looking for representation to assist with getting the book published.
As a public rejection is better than no response for months: My book #unraveled conveys the expanse of human failings & inaction. A Bus School Prof’s life unraveled when memories/serious problems from his younger days safely hidden in the furthest reaches of his mind resurface.
Positive news for the OZ Industry-Federal Regulatory Agencies Finalize Rule that Exempts Qualified Opportunity Funds from Volcker Rule, Allows Banks to Participate in OZ Investments. DEPARTMENT OF TREASURY Office of the Comptroller of the Currency 12 CFR Part 44 #OpportunityZone
Tweet 3 of 3 For projects undertaken by qualified OZ businesses and the re-investment of certain proceeds received by QOFs from qualified opportunity zone property. #opportunityzone #opportunityzones #ozone #oz Notice 2020-39 will be in IRB: 2020-26, dated June 22, 2020.
Tweet 2 of 3 IRS Notice 2020-39 addresses issues such as testing dates for assets held by Qualified Opportunity Funds (QOFs), timeframes for taxpayers to invest eligible gains in QOFs, and reminding taxpayers of additional time under the working capital safe harbor
Tweet 1 of 3 An IRS update for the Opportunity Zone (OZ) Industry: IRS Notice 2020-39 answers questions regarding relief from certain requirements under section 1400Z-2 of the Internal Revenue Code and the implementing regulations in response to the ongoing COVID-19 pandemic
The White House Opportunity and Revitalization Council released a report on #opportunityzones best practices. Learn more from @Novogradac #TaxCreditTuesday novogradac.com/5qi3
The House released HR 2 (Moving Forward Act) to establish a perm. min. 4% rate for #LIHTC, increase annual LIHTC allocations, temp reduce the 50% test for bond-financed housing to 25%, perm. extend the #NMTC at $5BN, increase #HTC to 30% for 5 yrs & delay #ITC phasedown to 2026.
United States Trends
- 1. DeepNodeAI 63,7 B posts
- 2. Tomlin 41,5 B posts
- 3. Steelers 160 B posts
- 4. Texans 106 B posts
- 5. Good Tuesday 26,6 B posts
- 6. Aaron Rodgers 47,6 B posts
- 7. Son of Man 6.187 posts
- 8. Camp Haven 6.634 posts
- 9. AI Summary 5.492 posts
- 10. CJ Stroud 23,1 B posts
- 11. #tellmelies 1.543 posts
- 12. My Three Sons N/A
- 13. Arthur Smith 6.478 posts
- 14. #Zetarium 31 B posts
- 15. Christian Kirk 4.525 posts
- 16. #HOUvsPIT 4.008 posts
- 17. Nico Collins 3.329 posts
- 18. Eric Adams 7.185 posts
- 19. Marvin Lewis 1.362 posts
- 20. #HTownMade 5.600 posts
Something went wrong.
Something went wrong.