Some apartment landlords in line to get federal relief

Properties built or bought before January 2018 will be subject to new depreciation schedules that will save money in taxes

By Kevin McQuaid
| 6:00 a.m. January 29, 2021
| 0 Free Articles Remaining!

Commercial Real Estate

Congress tweaked a provision in the 2017 tax law as part of the latest COVID-19 relief package last month that will give some apartment owners tax relief.

Multifamily rental properties — especially older communities catering to lower- and middle-income residents — have been strained as a result of pandemic-induced layoffs or wage cuts.