The $3.5M reconciliation package pending in Congress contains two sections that will affect anyone already invested in these assets.
The IRA restrictions in the bill will also impact the small businesses and investment projects where these IRA dollars flow. Jamison Manwaring is co-founder and CEO of Neighborhood Ventures, a local real estate company that exclusively invests in Arizona and who has IRAs as investors.
Neighborhood Ventures recently bought a hotel and is converting it to an apartment building to address the housing shortage in the Phoenix metro area. Projects like these require capital, and Neighborhood Ventures raises that capital from individuals and IRAs.