The Corporate Transparency Act: New Regulatory Obligations for Affordable Housing and Community Development
February 6, 2024 at 9:30am – 10:30am
Herrick partner Mark A. Limardo presented a CLE webinar titled "The Corporate Transparency Act: New Regulatory Obligations for Affordable Housing and Community Development."
For the first time in U.S. history (as of January 1, 2024), the Corporate Transparency Act (CTA) requires business entities outside heavily regulated industries to report personal identifying information about their ultimate beneficial owners, executives and control individuals to the federal government (FinCEN) and update this reporting when any previously reported information changes.
This webinar discussed the requirements under the CTA and how this regulation specifically affects affordable housing and community development projects.