Special volume cap for housing bonds provided by the Housing and Economic Recovery Act of 2008 expires on December 31, 2010.
This Hawkins Advisory serves as a reminder that, under current law, HERA Cap is set to expire on December 31, 2010. To date, there is no legislation being considered to extend this deadline. Without such legislation, bonds utilizing this HERA Cap must be issued (paid for and delivered or Treasury NIBP taxable bonds reissued as tax exempt) by the end of this year. Absent a successful housing industry undertaking to extend this deadline, there remains only approximately 6 months for the HERA Cap to be used.
Also of Interest
- Qualified Opportunity Funds - Initial Proposed Regulations
Hawkins Advisory on recently released proposed regulations: Preliminary Guidance to Opportunity Zone Investors
- Harvey Rogers Receives the Lyle Stewart Award
The Oregon Economic Development Association honored Harvey Rogers with the Lyle Stewart Award at its annual conference.
- Arthur Cohen is Recognized by Continental Who's Who
Arthur Cohen is recognized by Continental Who's Who as a Pinnacle Lifetime Member in the field of Law in recognition of his role as Partner of Hawkins Delafield & Wood LLP.
- Jay Eustis Elected to American College of Bond Attorneys
Jay Eustis has been elected a Fellow of the American College of Bond Attorneys (ACBC).