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Hertzbach sponsored HAND event: “Winning the QAP”

Hertzbach sponsored HAND event: “Winning the QAP”

Feb 21, 2017

Winning the QAP Date: February 23, 2017  10:00 AM-1:00 PM Location: DC Housing Finance Agency (DCHFA) 815 Florida Avenue NW Washington, DC, 20001             Do you have a budget gap? Is your project in need of some tax credit equity? If the answers to these questions are “yes,” then you want to be sure to pay attention to your State’s Qualified Action Plan (QAP). Please join HAND for an engaging and informative session on how to put forth a competitive QAP application on February 23, 2017 from 10:00 AM – 1:00 PM at the DC Housing Finance Agency (DCHFA), 815 Florida Avenue NW, Washington, DC 20001. As part of this two-panel session, you will hear from senior officials from each jurisdiction’s (DC, MD, VA) allocating agency on recent policy changes and housing priorities in the QAPs. You will also hear from an experienced group of consultants and syndicators whose projects have scored successfully on the QAP. From common pitfalls to avoid, to positioning your project to be competitive, you will walk away with insider tips and tricks to help you in your effort. The panel discussions will also discuss changing needs and policy priorities of state and local jurisdictions, as well as how market conditions, cost constraints, and political considerations play out in the QAP process. Confirmed speakers are as follows: Panel 1:  JD Bondurant, Virginia Housing Development Authority Elaine Cornick, Maryland Department of Housing and Community Development Danilo Pelletiere, DC Department of Housing and Community Development Steve Smith, Sun Trust Bank Erik Hoffman, Klein Hornig (Moderator) Panel 2:  Jim Chandler, Astoria LLC Bryan Hollander, Enterprise Community Partners Brian Lopez, Osprey Property Companies Jordan Bishop, Audubon Enterprises Gerry Joseph, Joseph Development (Moderator) Click here to register. Registration Fees: This event is free for current HAND members and $75 for...

Hertzbach moderates CREW Baltimore MD-PACE Financing Breakfast

Hertzbach manager, Nikkia N.A. Fitch, CPA will be moderating an upcoming panel for the Commercial Real Estate Women Baltimore Chapter (CREWBaltimore). Ms. Fitch will be part of an informative breakfast to help others learn more about the MD-Pace, or Property Assessed Clean Energy Financing, which allows the cost of improvements to be tied to the commercial building over an extended term for more advantageous financing. This event will take place at the office of Corporate Office Properties Trust (COPT) in Columbia, MD on February 2, 2017. To learn more please visit the CREW Baltimore...

New changes to Maryland Section 529 investment plans

New changes to Maryland Section 529 investment plans

Jan 4, 2017

If saving for college is on your list of New Year’s resolutions, new laws in Maryland will make 2017 a great year to start. Two new changes to Maryland Section 529 investment plans will make them even more attractive vehicles to save for college expenses. A Section 529 plan is created by making contributions to the Maryland College Investment Plan (which is managed by T. Rowe Price) on behalf of a beneficiary. The beneficiary can be anyone who will be able to use the money towards qualified higher education expenses—a child, grandchild, friend, or even the account holder. Earnings on the contributions grow tax-deferred (at both federal and Maryland levels) and will also be free from federal and Maryland taxes on withdrawal, provided that the money is used for qualified education expenses. In addition, taxpayers can take a subtraction on their Maryland income tax returns of up to $2,500 in contributions per beneficiary ($5,000 for married filing jointly if each contributes $2,500). Amounts contributed in excess of that amount can be carried forward and used for up to 10 years. The first change affects who can take the subtraction for contributing to a plan. Until recently, only the account holder could take the subtraction. Beginning July 1, 2016, a subtraction is available for anyone making a contribution to plan, even if they are not the account holder of the plan. For example, parents could establish a plan for their child, and the subtraction would be available not only to them, but also to any other relatives and friends who would contribute. A second change affects the benefits available to account holders who make plan contributions. As an alternative to the Maryland income tax subtraction, the College Affordability Act of 2016 provides that the state will make a $250 “matching” contribution to for qualifying accounts. In order to qualify: The account must be established after December 31, 2016; the qualified beneficiary must be a Maryland resident; the account holder must have had Maryland taxable income in the previous tax year of no more than $112,500 ($175,000 for a married couple filing a joint return); the account holder must submit an application between January 1 and...

Hertzbach collects clothes and supplies for Giving Back Linda’s Legacy

Hertzbach collects clothes and supplies for Giving Back Linda’s Legacy

Dec 21, 2016

As a part of the Hertzbach Volunteer Committee’s holiday season efforts, Hertzbach staff (spearheaded by partner, Nancy Buckley) collected a large donation of items for Giving Back Linda’s Legacy (GBLL.) GBLL is an all volunteer, non-profit based in Anne Arundel County, Maryland whose Christmas Drive to Help the Homeless delivers over 20 truck loads of clothing annually to homeless shelters in the Annapolis, Baltimore and Washington, DC on Christmas Eve. GBLL is dedicated to providing food, clothing, fellowship and programs aimed at encouraging self-respect and fostering self-empowerment. In addition to collecting clothing, Hertzbach Volunteers donated 30 toolboxes painted with inspirational messages to be given to Angels of Addiction. The toolboxes can be used so persons living in abandoned buildings will be able to make safety improvements to their food supply and keep insects out, etc. For more information about how to get involved with Giving Back Linda’s Legacy, please feel free to contact us at marketing@hertzbach.com or you can reach out to GBLL directly...

Hertzbach eliminates mandatory Saturday hours during tax season

Hertzbach eliminates mandatory Saturday hours during tax season

Nov 30, 2016

At Hertzbach, we are committed to helping our staff manage the competing demands of work, family, and life by offering a number of possible flexible work options. In a move to improve the quality of life during tax season and utilize technology to the fullest, Hertzbach will be launching a new flexible work program for the upcoming tax season that eliminates some or all in-office Saturday hours. We foster a work environment where our staff feel that they are part of a successful and supportive team. Our goal is to provide challenging and rewarding opportunities that will lead to greater career satisfaction. We regard our employees as the most valuable asset and resource to the success of our firm and we are committed to understanding their needs. Interested in joining the Hertzbach team? Here you can view our latest job openings or email us at...