CREA Edge Newsletter - May 2022

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MEET OUR MOST RECENT PORTFOLIO MANAGEMENTS NEW HIRES!

Joe Crawley joined CREA as his first role after graduating from the University of Southern Indiana in December with a bachelor of science in finance. Outside of work, he loves golfing, listening to music and walking with his fiancée and their dog Norman.

with over a year experience working in the financial planning world.

Grant Bowen Administrative Assistant, Portfolio Management Indianapolis

Connor Eisenbeis AVP, Asset Management Remote - St. Louis

Grant graduated from IUPUI in 2018 with a bachelor of arts in communication. When he’s not working, Grant likes to go hiking, work out, cook and play guitar. Grant has also participated in some community theater productions, such as “Arsenic and Old Lace” and “Calendar Girls”.

Connor Eisenbeis comes to CREA with 6 years of LIHTC experience, ranging from Compliance to Development. He earned his bachelor of science in finance & banking at the University of Missouri. You can find (or not find) Connor enjoying his time traveling with his family to Disney or at the lake.

Jackson Daugherty Financial Analyst - Development, Asset Management Indianapolis

Joe Crawley Financial Analyst - Development, Asset Management Indianapolis

Jackson graduated in May 2020 from Hanover College with a bachelor of arts in communication as a Business Scholar, while also lettering four years in football. He came to CREA

Find our full team online here.

The 2022 Tax season is winding down! We are happy to report that almost all the Fund audits and tax returns have been finalized and either already are or will be on the portal soon for you to access. We have a few stragglers that are not yet final and all investors that this affects have been notified. These delays are typically due to delays with the lower tier partnerships in the timing of cost certifications which held up audits. We also experienced a significant delay in the IRS finalizing the new Schedule K-2 and K-3 forms, which caused the lower tier accountants to not be able to timely finalize the partnership tax returns. We hope to have everything finished soon and will continue to keep you updated on the status of open Fund audits and tax returns. 2022 TAX SEASON

GOOD TO KNOW

IRS Notice 2022-05 - In January, the IRS issued Notice 2022-05, which provides for some relief for qualified low-income housing properties due to the COVID-19 pandemic. You can find the full notice attached below.

2022 HUD Income Limits – The HUD income limits were released on 4/19/2022. There is a 45 day grace period for implementation of new rent and income limits (6/2/2022).

Read more about 2022 HUD Income Limits here >>>

Read more about IRS Notice 2022-05 here >>>

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