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DTSTART;TZID=America/New_York:20231108T160000
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SUMMARY:ULI Virginia:  Inflation Reduction Act: Implications for Real Estate
DESCRIPTION:Wednesday\, November 8\n4:00 pm – 5:30 pm \nMain Street Station – The Square\n1500 E Main St\nRichmond VA 23219\nRegister>> \nSpeakers:\nCongresswoman Jennifer McClellan\, U.S. representative for Virginia’s 4th congressional district.\nLevar Stoney\, Mayor of Richmond\nLaura Thomas\, Director of the Office of Sustainability\, City of Richmond\nMarta Schantz\, Co-Executive Director\, ULI Randall Lewis Center for Sustainability in Real Estate\nBen Evans\, Federal Legislative Director\, U.S. Green Building Council\nTip Brown\, Director of Asset Management\, Venture Realty Group\nChristopher Corrada\, Principal\, Riverstone Properties \nProgram Details:\nThe Inflation Reduction Act of 2022 is the latest reason that the business case for real estate decarbonization has never been stronger. The bill was signed into law after months of negotiation and anticipation\, dedicating almost $370 billion to address climate change over the next 10 years. \nIn partnership with the City of Richmond\, ULI Virginia has assembled a distinguished panel of leaders providing an overview of the bill’s relevant provisions. We will feature a broad explanation of the IRA and real examples of projects and ways to receive significant savings for upcoming development projects. It will also offer participants the opportunity to meet with other IRA experts and receive resources to support the integration of tax credits into future projects. \nAbout Inflation Reduction Act:\nThe Inflation Reduction Act (IRA) was passed by Congress in 2022 which provides real estate owners and developers with lucrative tax incentives and offers significant savings for projects of all sizes. This includes the enhancement of the 179D Deduction for Energy-Efficient commercial buildings and the extension and enhancement of the 45L New Energy-Efficient Home Tax Credit\, among others. \nFor larger projects\, these incentives can translate to millions of dollars in tax savings for developers\, investors\, property owners\, and investors. Even small projects may often be good candidates for receiving significant savings for upcoming projects. \nReal estate developers\, the construction industry\, and multifamily housing owners\, among others\, are all eligible for these historic savings.
URL:https://inform-magazine.com/event/uli-virginia-inflation-reduction-act-implications-for-real-estate/
LOCATION:Main Street Station – The Square\, 1500 E Main St\, Richmond\, VA\, 23219
CATEGORIES:Education
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