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In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, Peter Lawrence, Novogradac's director of public policy and government relations and Karen Destorel, Novogradac's tax policy research associate, discuss the Affordable Housing Credit Improvement Act (AHCIA) of 2021. They focus on the provisions in the bill, looking at the history of the legislation, as well as provisions directed at production/preservation, financial feasibility and affordable housing rental policy.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Thomas Stagg, CPA, discuss HUD income limits for fiscal year 2021. They discuss income limits basics, year-over-year income limits changes and factors that can affect future income limits, including the effects of the pandemic.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Amanda Read, CPA, discuss community development financial institutions (CDFIs) and the Capital Magnet Fund (CMF), including explanations of each. They discuss how to apply for the CMF, how the CMF interacts with tax incentives, what CMF applicants should be doing now, what makes a successful CMF application and how previous applicants should look at their experience. They also discuss the interaction between CDFIs and the Federal Home Loan Bank.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Brad Elphick, CPA, discuss equity pricing for new markets tax credits (NMTCs), what factors are involved and what businesses and community development entities (CDEs) should do to address issues that arise out of lower NMTC equity pricing. They also compare the prices to those during the Great Recession, discuss the impact of the five-year extension of the NMTC and look at the importance of knowing the "language" of NMTCs.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Craig Staswick, CPA, discuss cost segregation studies, including why they have become more popular in recent years, when and why low-income housing tax credit (LIHTC) stakeholders should start considering the studies, how cost segregation studies can accelerate depreciation deductions and what's involved in the studies. They also discuss the future of the studies, how cost segregation studies apply to non-LIHTC properties and more.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Brad Weinberg, MAI, CVA, CRE, discuss rent reasonableness determinations and rent comparability studies, including how public housing authorities (PHAs) can benefit from them, what considerations go into rent reasonableness determinations and how the COVID-19 pandemic has affected rental trends in the United States. They also discuss how a PHA should evaluate a service provider, the intersection of Section 8 and low-income housing tax credit (LIHTC) properties in rent reasonableness determinations and more.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Christina Apostolidis, CPA, discuss several legislative and regulatory tax changes that took effect over the past few years of which owners and investors in low-income housing tax credit (LIHTC) and tax-exempt bond financed properties need to be aware. They discuss the consequences of those changes, as well as strategic planning opportunities presented.

The use of 4% low-income housing tax credits and private activity bonds for the construction and rehabilitation of affordable housing has increased steadily since 2016, in spite of the adverse effects of the 2017 tax bill and other financing challenges. The recent enactment of the 4% LIHTC minimum will likely create a surge in this financing activity. Learn about which developments qualify for the 4% LIHTC minimum, how the LIHTC floor is affecting equity pricing and more in this week's Novogradac Tax Credit Tuesday podcast with Michael Novogradac, CPA, and guest Novogradac partner Dirk Wallace, CPA.

Under the Rental Assistance Demonstration (RAD) program, public housing authorities (PHAs) can purchase, resyndicate, develop and manage affordable housing properties. These opportunities are part of the reason why an increasing number of PHAs are creating low-income housing tax credit (LIHTC) entities and other affiliate entities. In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, and Novogradac partner Rich Larsen, CPA, discuss what PHAs should know about setting up affiliate entities, from structuring options to important LIHTC regulations.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses renewable energy with Novogradac renewable energy incentive expert, Tony Grappone, CPA. They discuss the state of the renewable energy community including debt and equity updates. Next, they talk about renewable energy tax credit transaction structure trends and the advantages of each structure. They wrap up with an overview of key renewable energy tax incentives that were extended in December, extended investment tax credit (ITC) and production tax credit (PTC) deadlines and the GREEN Act.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the $25 billion Emergency Rental Assistance program with Novogradac multifamily compliance program experts, Mark Shelburne and Stephanie Naquin. They discuss: The genesis of the federal Emergency Rental Assistance program The role of Treasury in getting the dollars out to state and local agencies The role of state and local agencies in distributing the funds How property owners can apply on behalf of tenants Which rental expenses qualify for reimbursement

In this week's Tax Credit Tuesday podcast on social impact, Michael J. Novogradac, CPA, is joined by Amy Hook, Novogradac's chief social impact officer. They discuss why social impact matters and how organizations can rethink and measure their effects on the planet and the people who live on it. They dive into specific social impact opportunities and considerations for those who work in affordable housing, community development, historic preservation and renewable energy.

In this week's Tax Credit Tuesday podcast on opportunity zones updates, Michael J. Novogradac, CPA, is joined by John Sciarretti, partner in Novogradac's Dover, Ohio, office. They start by discussing IRS guidance concerning several deadlines for qualified opportunity funds and other opportunity zones (OZ) stakeholders. Next, they talk about what stakeholders should know about the guidance as well as areas that need further clarification. Then, they share insight into what to expect from the Biden administration concerning opportunity zones, and they discuss a special Novogradac report that will be releasing soon on opportunity funds. They wrap up with discussion of the Novogradac Opportunity Zones Conference in April.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, is joined by Megan Murphy, a principal in Novogradac's Philadelphia metro office. They discuss additional funding for the Paycheck Protection Program (PPP) that was authorized by Congress. They share insight about who is eligible for a PPP loan, what expenses are eligible and how loan amounts are calculated. Next, they discuss PPP loan forgiveness and what small businesses should take into consideration when preparing a PPP loan application. They wrap up with discussion of tax considerations for small businesses that receive a PPP loan.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, is joined by Nicolo Pinoli, CPA, and partner in Novogradac's Portland, Oregon, office. They start by discussing the recent five-year extension of the new markets tax credit, and how various factors can affect NMTC investment, such as Biden administration priorities and Community Reinvestment Act regulations. Next, they share insight into how industry participants are responding to the COVID-19 pandemic challenges. They wrap up with discussion of what community development entities can be doing now to prepare for the 2020 new markets tax credit awards announcement expected this summer and the opening of the 2021 allocation round.

On this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, is joined by Rich Larsen, CPA, a partner in Novogradac's Toms River, New Jersey, office. They discuss how public housing authorities (PHAs) are being affected by the COVID-19 pandemic including challenges, innovations and how they're handling inspections and other compliance issues. Then, they talk about the CDC's rental eviction moratorium and how that has affected property owners and tenants. Next, they share insight into concerns affordable housing advocates have about the eviction moratorium. They then discuss issues PHAs will face in 2021 and what PHAs can do now to prepare for the years ahead. Next, they talk about trends and changes that are particular to 2020, and what PHAs should consider when looking into RAD. They wrap up with insight into the 2021 edition of the RAD Handbook, the upcoming Novogradac 2021 RAD Public Housing Virtual Conference and the January public housing authorities issue of the Novogradac Journal of Tax Credi

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss the $1.4 trillion omnibus fiscal year 2021 spending bill, which includes a permanent minimum 4% low-income housing tax credit (LIHTC) rate, a five-year extension of the new markets tax credit (NMTC) and an extension of phase-down provisions for the renewable energy investment tax credit (ITC) and production tax credit (PTC). They also discuss the $900 billion COVID-19 relief bill, which includes $25 billion in emergency rental assistance and an extension of the Center for Disease Control's federal eviction moratorium through Jan. 31, 2021. The year-end omnibus legislation will permanently establish the 4% minimum LIHTC rate and include a $1.1 billion allocation of disaster LIHTCs for 11 states and Puerto Rico. The legislation will extend the NMTC'which is currently set to expire with the calendar-year 2020 round'through the calendar-year 2025 roun

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss year-end legislation in Congress, including a continuing resolution to fund the government into 2021 and a potential COVID-19 relief bill. They start by discussing the chances for provisions to extend or expand community development tax incentives to be included in continuing resolution legislation. Then, they talk about highlights of the latest proposed COVID-19 relief bill and the chances of community development and affordable housing provisions being attached to it. Next, they share insight into President-elect Biden's nominations to lead the Treasury and U.S. Department of Housing and Urban Development. They wrap up by discussing what to look out for in the weeks leading up to inauguration day for President-elect Joe Biden.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses what you need to know about national and state median income estimates for 2021 and 2022. He is joined by Thomas Stagg, CPA, and partner in Novogradac's metro Seattle office. They start by sharing background information on median income and income limits, how they're calculated and what they're used for. Then, they talk about estimates for how median incomes and income limits will change in 2021 and 2022, and if there will be any significant changes because of the pandemic. Next, they discuss how median incomes and income limits might change in 2023. They also cover how changes in median income and income limits due to the pandemic and related recession compare to changes caused by the Great Recession in 2008. Next, they discuss what developers, owners and investors should be doing to prepare for the potential changes in median incomes and income limits. They wrap up by discussing the gross rent floor and net rents and how they in

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA talks about trends related to multifamily rental housing property valuation, affordable housing needs and more. He is joined by Blair Kincer, MAI, CRE, a partner in Novogradac's Washington, D.C., office. They start by discussing how affordable multifamily housing valuation has looked in 2020 and whether the pandemic is affecting where people want to, or can, live. Then, Blair shares insight from a recent Notes from Novogradac blog post on how market-rate rents are faring compared to affordable housing rents. Next, they talk about state-led efforts to address affordable housing challenges during the pandemic. They wrap up with discussion of the Novogradac 2020 Multifamily Rental Housing Operating Expense Report and what affordable housing property investors, developers and managers can do to prepare meet affordable housing needs in the year ahead.