Navigating Opportunity Zones Investment Regulation

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post On Dec. 19, 2019, the IRS published final regulations on Opportunity Zones. In a commentary on Bloomberg Tax, Forrest David Milder partner in the law firm Nixon Peabody, LLP, discusses the highlights of the 544 page regulation publication.Key details Milder notes include the 180-day investing period, the “100% Substantial Improvement Rule,” and tax consequences of sales after 10 years, which Milder notes is the “biggest change of all.”“The final regulations have adopted many of the post-10-year disposition changes requested by the investment community,” Milder states. “As a result, each of the following is eligible for favorable tax treatment after ten years: sale of a QOF interest held by an investor; sale of a directly owned property by a QOF; sale of an interest in a partnership, limited liability company, or stock held by a QOF; and sale of property held by a QOZB partnership, LLC, or corporation in which the QOF invests.”For residential investors, used property is generally not eligible for favorable treatment unless it is “substantially improved.” The final regulatons, Milder notes, have adopted a broader, “aggregate” rule, with have two sets of substantial improvement rules.This will require developers and their advisors to closely study the rules with each rehabilitation.One set of new rules allows for improvements to buildings on contiguous parcels, or buildings located on a single parcel and transferred in a single deed. To aggregate under this rule, all of the buildings must receive some rehabilitationIn November 2019, shortly before the final regulations, the U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Ben Carson announced the Federal Housing Administration will offer new incentives to borrowers interested in rehabilitating homes in Opportunity Zones.The new incentives are part of the expansion of its Limited 203(k) Rehabilitation Mortgage Insurance Program for homes in Opportunity Zones.“In the end, I think that the IRS deserves a great deal of credit for working its way through so many comments and suggestions and applying an excellent measure of flexibility at many turns,” Milder concludes. “At the same time, I think we can expect to uncover many more investment opportunities and obligations as we spend more time with the regulations and working through investments with taxpayers, developers, fund organizers and managers.” Servicers Navigate the Post-Pandemic World 2 days ago Share Save About Author: Seth Welborn Navigating Opportunity Zones Investment Regulation Sign up for DS News Daily January 7, 2020 1,807 Views in Daily Dose, Featured, Government, Investment, News Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Related Articles Previous: Mortgage Relief Scam Defendants to Pay $18.5M Next: U.S. Supreme Court Weighs in on Ticking FDCPA Timercenter_img House HUD Investment IRS Opportunity Zones 2020-01-07 Seth Welborn The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Navigating Opportunity Zones Investment Regulation Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: House HUD Investment IRS Opportunity Zones Subscribelast_img read more

USDA vows to boost avian flu prevention efforts

first_imgMar 15, 2007 (CIDRAP News) – The US Department of Agriculture (USDA) said yesterday it would step up its antismuggling efforts and monitoring of live bird markets this year to protect the country from H5N1 avian influenza.The agency plans to more than double the number of special operations to seize banned poultry products and will expand the monitoring of live bird markets from 12 states to 29 or 30, officials said at a press briefing yesterday afternoon.They also announced a renewal of last year’s hunt for the H5N1 virus in wild birds throughout the United States, among other steps. The deadly virus was not found in any of the more than 100,000 wild bird samples tested last year.”There are no detections of high-path[ogenic] H5N1 in the United States, and we’re doing all we can to keep it that way,” said Agriculture Secretary Mike Johanns.Johanns said the USDA’s antismuggling team conducted 31 operations at ports and in restaurants and markets around the country last year, and one led to the seizure of 360,000 pounds of banned poultry products from countries affected by H5N1 avian flu.This year, plans call for running 70 operations, of which 23 have already been conducted, Johanns said.Dr. Ron DeHaven, the USDA’s chief veterinary officer, said the agency has seized about 400,000 pounds of banned poultry products overall. “I don’t have a breakout in terms of the country of origin of that product, but undoubtedly much of it has come from China,” he said in answer to a question.He added that products from countries battling H5N1 avian flu are not necessarily contaminated, since the outbreaks are “relatively sporadic.” The products seized are destroyed.More monitoring of bird marketsIn monitoring live bird markets, the USDA has focused until now on 12 northeastern states, where 132,000 birds were tested last year, DeHaven said. This year officials hope to increase the program to a total of 29 or 30 states.”The focus has been in the Northeast, where we know we had a low-path virus circulating,” he said. He didn’t name any of the new states but said they are mainly poultry-producing states with different kinds of live markets from those in the Northeast.This year’s wild-bird testing program will be launched in April by the USDA along with the Department of the Interior (DOI), state agencies, and academic researchers, Johanns said.”Surveillance will again be conducted in all four major flyways, and in Hawaii and the South Pacific,” the USDA said in a news release. “Data collected from 2006 will be used to further focus the sampling on high-risk species and geographic locations.”Last year, six samples of the more than 100,000 tested were positive for the low-pathogenic North American strain of H5N1, but the deadly Asian H5N1 strain was not found.Dr. Rick Kearny of the DOI said officials tested samples from more than 45,000 live birds, nearly 50,000 hunter-killed birds, 500 sentinel birds (captive birds allowed to mingle with wild birds), and more than 1,000 birds found dead.Kearny said US agencies also aim to increase collaboration with Canadian and Mexican authorities on wild-bird surveillance this year.Officials also announced completion of a 7-year study of avian flu in waterfowl in Alaska, where Asian and North American birds mingle in summer. Scientists took 8,254 samples and concluded that the risk of introduction of the deadly H5N1 virus in Alaska is “relatively low,” according to the news release.In the briefing, Steve Kappes of the USDA Agricultural Research Service said investigators found only low-pathogenic viruses of North American origin in the study. The suspected reason the deadly virus hasn’t been found in Alaska “is that the distance may be too long for a sick bird to get that far,” he said. “It’s unlikely that we’ll see it in Alaska.”The USDA is prepared to test birds quickly if avian flu is suspected in a poultry flock, according to DeHaven. He said all 45 labs in the National Animal Health Laboratory Network are trained to use a recently developed test that can return a result in 3 hours, as compared with up to 2 weeks for previous tests.”A detection of high-path H5N1 in wild birds does not mean our commercial poultry industry will be affected,” Johanns commented. He said US poultry are typically raised in buildings with controlled access, and biosecurity practices have been used for decades.In addition, the USDA compensates owners for birds destroyed for disease-control reasons. The compensation program now covers birds killed to control all low-pathogenic H5 and H7 viruses—which can mutate into deadly strains—in addition to those culled because of high-pathogenic strains, Johanns said.International efforts outlinedThe USDA also announced the signing of a agreement on coordinating technical assistance with the United Nations Food and Agriculture Organization (FAO). The agreement, approved last fall, covers plant and animal diseases, including avian flu, and other topics ranging from hunger and conservation to renewable energy.In the news release, Johanns said the agreement would facilitate greater international collaboration on many agricultural issues. “I believe the benefits will be immediate by enhancing the worldwide response to highly pathogenic H5N1 avian influenza,” he said.Under the agreement, the FAO and the World Organization for Animal Health (OIE) set up a Crisis Management Center in Rome last fall. Three USDA specialists are assigned to the center, which analyzes animal diseases and deploys international resources to contain them.In related efforts, the USDA said it is hosting a workshop in Washington, DC, this week to prepare more than 50 volunteer specialists from 15 countries for rapid international deployment to combat H5N1 avian flu.In addition, the USDA is helping to coordinate a global communication workshop on avian flu, to be hosted next month by the FAO and OIE. Its aim will be to develop an international communications plan for dealing with animal-to-animal spread of H5N1 avian flu.See also:Mar 14 USDA news releaseTranscript of USDA press briefinglast_img read more

Michael Owen makes predictions for Chelsea and Arsenal ties & Liverpool vs Everton

first_imgAdvertisement Michael Owen’s Premier League predictions Crystal Palace vs Bournemouth: Palace winBurnley vs Man City: Man City winChelsea vs Aston Villa: Chelsea winLeicester vs Watford: Leicester winMan Utd vs Spurs: DrawSouthampton vs Norwich: Southampton winWolves vs West Ham: Wolves winLiverpool vs Everton: Liverpool winSheffield United vs Newcastle: DrawArsenal vs Brighton: Arsenal win Metro Sport ReporterMonday 2 Dec 2019 5:13 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link426Shares Ljungberg gives presser after Arsenal’s 2-2 draw with NorwichTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 5:06FullscreenLjungberg gives presser after Arsenal’s 2-2 draw with Norwich is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘I expect them to arrest their recent poor run when Brighton are the visitors on Thursday,’ Owen told Bet Victor.AdvertisementAdvertisementADVERTISEMENT‘Freddie Ljungberg takes charge of the Gunners for the first time at the Emirates and the next permanent manager of Arsenal – whoever that might be – must address their ongoing defensive frailties.’Chelsea were also frustrated in their most recent outing, losing 1-0 at home to West Ham, but Owen expects them to return to winning ways against newly-promoted Aston Villa, despite Dean Smith’s side’s impressive display against Manchester United in a 2-2 draw at Old Trafford.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Chelsea struggled to break down West Ham at Stamford Bridge on Saturday and a worrying trend is that they have now failed to pick up a single point this season when falling behind in the Premier League,’ he added.‘Jack Grealish was again outstanding for Aston Villa at Old Trafford on Sunday when they picked up a well-deserved point. Frank Lampard’s side were not at their best against West Ham at the weekend, but I think they will return to winning ways in an open clash with chances at both ends.’Table toppers Liverpool, meanwhile, are on a five-match winning streak in the league, and are eight points clear of second-placed Leicester City. Owen expects that run to be extended come Wednesday night. Comment Owen gave his verdict on the midweek action (Picture: VCG via Getty)Michael Owen has given his predictions for the latest round of Premier League fixtures, and is tipping Liverpool, Chelsea and Arsenal all to come away with three points.The former Liverpool and Manchester United striker cast his eye over the midweek games, which includes Jose Mourinho’s first return to Old Trafford as a manager – he has predicted a draw for that one.Arsenal, who were held by Norwich in Freddie Ljungberg’s first game in charge at the weekend, will welcome Brighton to the Emirates, having failed to win in their past six league matches. Michael Owen makes predictions for Chelsea and Arsenal ties & Liverpool vs Everton ‘The 234th Merseyside derby sees Liverpool – with an 8-point lead at the top of the Premier League – entertain an Everton side one place and two points above the relegation places. Safe to assume a routine home win for the Reds? Think again,’ he said.‘The Reds will not be taking their Merseyside rivals lightly and Jurgen Klopp will be well aware that Everton could, and probably should, have taken a point at Leicester on Sunday against Liverpool’s nearest challengers in the table.‘Liverpool, surprisingly, have yet to keep a clean sheet at Anfield so far this season, but I expect the Reds will be celebrating a 94th Merseyside derby win against the Blues.’Will Chelsea, Arsenal and Liverpool all win in midweek?Yes0%No0%Share your resultsShare your resultsTweet your resultsMORE: Michael Owen predicts how Jose Mourinho will fare on return to Manchester United with SpursMORE: Mauricio Pochettino opens door for Arsenal approach in fresh statement on future Advertisementlast_img read more

Virat Kohli: Double the points for each away victory in Test Championships!

first_imgAdvertisement 7NBA Finals | Brooklyn Vs1sql4Wingsuit rodeo📽Sindre Ebxa9h( IG: @_aubreyfisher @imraino ) z60zWould you ever consider trying this?😱zCan your students do this? 🌚nmRoller skating! Powered by Firework The highest governing body of world cricket, ICC, has recently introduced the World Test Championship and according to Indian skipper Virat Kohli, the tournament has added a lot of context to the longest format of the game. He also added that the championship demands a lot from the players and that the only change he would want to make to the existing format is double the points for away wins.Advertisement Concerns are being raised by cricket fans all around the globe over the lack of extra points for away wins, as most of the teams have been able to dominate at home conditions in the recent years. And now, Kohli has joined the debate saying,Advertisement “If you had asked me to make the points table. I would have doubled the points for an away Test win. That is something that I would have definitely liked to see but maybe after the first edition,” he said at the press conference prior to the 2nd Test between India and South Africa in Pune.“The importance of every game has become that much more. In situations like a 3-match series where teams would have played for a draw, teams are now go for a win and get those extra points. I think it’s great for Tests.”Advertisement “The matches are going to more exciting. We have to be absolutely professional in every session. It’s much more demanding on players now… which is a good thing because it will keep the standard of cricket high. These are the only things we have experienced so far when it comes to the changes in Tests after WTC,” Kohli added.India meanwhile, sit on top of the World Test Championships table with 160 points after thrashing West Indies away from home with a 2-0 margin and the 203-run win over South Africa in the 1st Test of the ongoing 3-match series.  Advertisementlast_img read more

No luck Wildcats have little to show after hockey weekend

first_imgby Bruce Fuhr,The Nelson Daily SportsIf the Kootenay Wildcats didn’t have bad luck the team would have no luck at all.Despite being in every game, even out shooting the opposition by a wide margin during one of the losses, the Cats came away with a 1-3 record during the B.C. Female Midget AAA Hockey Super Weekend this past weekend in Nelson.
“I’m happy with how we came out of the weekend and what we learned and now we have something to focus on for the next few weeks,” said Kootenay coach Mario DiBella.“What I’m not particularly happy with is the results. We get an “A” for effort and a “C” for results,” DiBella added.Kootenay finished the weekend losing 4-1 to Fraser Valley Phantom at the NDCC Arena.Trailing 2-1, Kootenay saw its bad luck grow after missing two glorious scoring chances that would have evened the contest. As luck would have it, Fraser Valley came back to score the next goal to win the contest. Aimee DiBella’s shorthanded tally had given the Wildcats a brief 1-0 lead in the first period. Brianne Burns was in goal for Kootenay.The Wildcats opened the round robin tournament that included teams from Vancouver, Prince George, Thompson/Okanagan and Fraser Valley, Friday dropping a 4-2 decision to Vancouver FusiomDespite out shooting the Fusion 45-19, it was the Lower Mainland squad coming away with the victory.“We out shoot Vancouver by a wide margin but get a bad bounce when our goalie goes out to clear the puck . . . it hits the heel of her stick and goes right to the opposition who shoots it into the empty net,” DiBella explained. “We press for the tying goal but (Vancouver) gets an empty net goal and we lose 4-2.”Aimee DiBella and Christina Bonacci scored for the Wildcats.Kootenay then dropped a tough 9-2 decision to Thompson/Okanagan Rockets. Stephanie Schaupmeyer scored three times for the winners. Shea Weighill and Kiana Strand replied for Kootenay.Kootenay’s lone trip to the win column came later Saturday when the Cats dumped Prince George Cougars 5-1. Bonacci led the attack with two goals and two assists. Aimee DiBella also scored twice with Randi Brown adding a single.Thompson/Okanagan came away undefeated during the weekend with wins over Vancouver Fusion (8-2), Fraser Valley (2-1) and Prince George (4-3).The other scores had Prince George edging Vancouver 4-3 and Fraser Valley blasting the Cougars 10-2.Kootenay, 4-4 has a week break before returning to action November 6-7 with a two-game series against Fraser Valley in Pitt [email protected]last_img read more