Optimism Grows for 1030’s Survival
Commercial Mortgage Alert, Oct. 1, 2021–Steve Chambers
| “…Bill Killmer, a senior vice president for legislative and political affairs at the MBA, agreed that as long as lawmakers continue to work toward consensus on a $3.5 trillion bill packed with social and environmental programs, a $1 trillion infrastructure bill and a budget bill, 1031 remains vulnerable. “Everything is on the table until the restaurant is closed, and we still don’t know how long it’s going to stay open,” he said. Michael Flood, the MBA’s chief commercial real estate policy official, added: “Certainly as a coalition we feel very good about the work we have done to prove the value of like-kind exchanges. But to use a baseball analogy, we’re in the third inning. Does it feel good now? Sure, but our job is to keep our guard up…” |
| View on Web |
