Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac discusses the state of the low-income housing tax credit, including the effects of the COVID-19 pandemic. He is joined by Jeff Nishita, CPA, a partner in Novogradac's San Francisco office. They look back on 2020 and look ahead to 2021 for the LIHTC, including the pandemic, Community Reinvestment Act reform, appetite for the credit and more. They also talk about what the LIHTC Working Group did in 2020 and what it will be focused on for 2021. They wrap up with a look ahead to the Novogradac 2020 Tax Credit Housing Finance Virtual Conference, including session topics and two keynote speakers.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac discusses proposed regulations from the IRS concerning the average income test for low-income housing tax credit properties. He is joined by Thomas Stagg, CPA and partner in Novogradac's Bellevue, Wash., office; Stephanie Naquin, who is a multifamily compliance consultant, based in Novogradac's Austin, Texas, office; and Mark Shelburne, a Novogradac housing policy consultant who is based in Raleigh, N.C. The four of them discuss the average income set-aside, specific changes the IRS is proposing for the average-income test and how those changes might impact developments that use the average income structure. They wrap up by sharing what property owners should be doing now and considerations for the proposed regulation.

In this week's continuation of the special 2020 Election Results Edition of Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss additional observations from the results of the 2020 presidential election, as well as key results in House and Senate races. They talk about how President-elect Biden's cabinet appointments might be affected by a Republican or Democrat controlled Senate. Then, they share insight into some key legislative proposals that are on the table during the lame-duck session, and which ones could be used as a vehicle for community development incentives. They wrap up by discussing Biden's legislative community development priorities, and what a Biden presidency could mean for Community Reinvestment Act reform and the future of Fannie Mae and Freddie Mac.

In this week's special 2020 Election Results Edition of Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss what we know so far about the 2020 election, including the race between President Donald Trump and former Vice President Joe Biden to 270 electoral votes for the presidency, and insight on some key races for seats in the U.S. House and Senate. They also talk about some of the surprises of the 2020 election results. They wrap up by talking about how the election results might affect community development legislation in the upcoming lame duck session.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on COVID-19 stimulus negotiations, and shares highlights from the Novogradac 2020 Opportunity Zones Fall Virtual Conference. Then, he outlines an important update about how to calculate each state's low-income housing tax credit and private activity bond ceilings for 2021, and he discusses what you should know about the difficult development areas and qualified census tracts for 2021. Next, he talks about updates to the 2020 new markets tax credit allocation application, and he shares some state level news about S.B. 14'the bill in Louisiana that makes businesses affected by Hurricane Laura eligible for the state new markets tax credit. Finally, he talks about a proposed state low-income housing tax credit (S.B. 30) in Louisiana.

In this week's Tax Credit Tuesday, Michael J. Novogradac, CPA, shares an update on the continued stalemate regarding COVID-19 relief legislation. Next, he shares highlights from the most recent Novogradac Opportunity Zones Working Group comment letter on the 2020-2021 priority guidance plans and ways the IRS can clarify grey areas in opportunity zones regulations. Then, he shares what qualified opportunity funds need to know about the draft Form 8997. Next, he discusses the Federal Reserve Board's advance notice of proposed rulemaking for Community Reinvestment Act regulation changes. He wraps up with discussion of the Energy Opportunity Zones Act of 2020 (H.R. 8530), a proposal that would extend the renewable energy production tax credit and investment tax credit through the year 2050 for certain areas.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on COVID-19 relief legislation negotiations. Then, he discusses a few highlights from the 2020 vice presidential debate related to housing and renewable energy. Next, he talks about the Support Allowing Volume Exception for Federally Assisted Housing Act (H.R. 8533)'a legislative proposal that could greatly assist affordable housing and preservation. He then discusses a Novogradac blog post that analyzes what additional housing financing through the Moving Forward Act (H.R. 2) could mean for each state. He wraps up with news from HUD and what public housing authorities should know about proposed regulation changes for the Housing Opportunity Through Modernization Act of 2016.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides details of the continuing resolution that keeps the federal government funded through Dec. 11, 2020. Then, he discusses last week's presidential debate between President Trump and former Vice President Joe Biden in the context of affordable housing and community development. Next, he shares highlights from the Novogradac 2020 Credit and Bond Financing for Affordable Housing Virtual Conference, and discusses the recent announcement from the IRS on this year's national pool for low-income housing tax credits. Then, he discusses details from a report by the Federal Housing Finance Agency that illustrates the importance of the low-income housing tax credits, and he talks about a bipartisan letter from the House ways and Means Committee urging the CDFI Fund to ensure Native communities can access the new markets tax credit. He wraps up with discussion of the CDFI Fund's recent approval of a $100 million guarantee under the CDFI Bond Gu

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the upcoming presidential debate and what Novogradac will be looking for as far as discussion of community development and affordable housing. Next, he discusses the status of federal funding negotiations to keep the entire federal government open until Dec. 11 of this year. Then, he shares highlights from the Novogradac 2020 Historic Tax Credit Virtual Conference, including insights on how the pandemic is affecting the renovation of historic properties. He then discusses the recently announced designations for difficult development areas and qualified census tracts for 2021. He wraps ups with a preview of Novogradac's annual operating expenses report and an announcement about funding for the state low-income housing tax credit in Missouri.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares breaking news from the CDFI Fund on the 2020 New Markets Tax Credit notice of allocation availability. He then discusses the Continuing Appropriations Act of 2021 and Other Extensions Act'a tentative deal to keep the government funded through Dec. 11. Next, he discusses the 2020 Disasters Tax Relief Act, legislation introduced to increase low-income housing tax credits for certain disaster areas. Then, he shares highlights from "Blue Wave Effects: What a Democratic Sweep Could Mean for Affordable Housing, Community Development and Renewable," a Novogradac special report that covers what a Democratic sweep in the November election could mean for affordable housing, community development, renewable energy and historic preservation. Next, he discusses what historic preservationists should know about the final regulations for the federal historic tax credit. He wraps up with news of a new policy for qualified opportunity funds in Washin

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares an important update on funding negotiations in Washington to avoid a government shutdown. Then, he discusses an analysis that Novogradac performed on the Moving Forward Act'specifically, he talks about how the bill's housing-related provisions could affect affordable housing development and preservation. Next, he discusses the recently announced demand for the CDFI Fund's Capital Magnet Fund program for the fiscal year 2020 round. He then talks about the Increasing Opportunities for Small Businesses Act of 2020 (H.R. 8120), a new bill meant to help small business owners learn about using the opportunity zones incentive. He wraps up with discussion about the Hemp Opportunity Zones Act of 2020 (H.R. 8131), a proposed community development incentive modeled after opportunity zones.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, gives an update on primary election results of longtime community development tax credit champion: Rep. Richard Neal. Then, he discusses an announcement from the CDC that temporarily halts residential evictions through Dec. 31, 2020. Next, he briefly discusses a U.S. District Court ruling about the right of first refusal for a low-income housing tax credit property. He wraps up with a preview of a Novogradac special report about the upcoming presidential election and how the results could affect affordable housing, community development, renewable energy and historic preservation.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares a brief update on the next round of COVID-19 relief legislation. Then, he discusses a significant milestone for the Novogradac Opportunity Funds List concerning reported equity investment in opportunity funds. Next, he talks about what you need to know about fair market rents for fiscal year 2021, and he then outlines key considerations for low-income housing tax credit awardees. He wraps up with discussion of an announcement from the White House on an executive order meant to increase activity in opportunity zones.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a report from the White House Council of Economic Advisers on the economic impact of the opportunity zones incentive. Then, he talks about a U.S District Court ruling in Hawaii that addressed the ability of a state allocating agency to terminate extended-use agreements under the qualified contract process. Next, he shares updates on COVID-19 relief legislation in Congress, and discusses President Donald Trump's tax proposals if he is re-elected in November. He wraps up with discussion of low-income housing tax credit compliance issues that were not addressed in IRS Notice 2020-53.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares an update on negotiations over COVID-19 relief legislation, as well as how tax incentives fit into the discussion. Then, he talks about details of former Vice President Joe Biden's tax proposals, and what his proposals could mean for investments in tax incentives next year and beyond, if Biden wins this election. He wraps up with discussion of the latest qualified equity investment issuance report from the CDFI Fund, including the amount of new markets tax credit allocation authority that remains to be issued.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA talks about the status of COVID-19 relief legislation negotiations in Congress, and he discusses a set of COVID-19-related directives form the White House. Next, he discusses updates to the Paycheck Protection Program FAQ document from the Small Business Administration. Then, he shares some insights on how community development entities can begin preparing for the upcoming calendar-year 2020 new markets tax credits allocation round. He wraps up with brief news about a proposed CDFI national crisis fund, and a new requirement for multifamily property owners in forbearance who have mortgages backed by Fannie Mae and Freddie Mac.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses negotiations for the next round of COVID-19 relief legislation and the extension of the now-expired federal eviction moratorium and rental assistance. Then, he talks about coronavirus-related guidance from the IRS for the historic tax credit. Next, he discusses how the CDFI Fund plans to continue to handle COVID-19 relief guidance for the new markets tax credit. He also talks about presidential candidate Joe Biden's latest economic plan and what it says about the new markets tax credit and opportunity zones. He wraps up with a minibus appropriations bill for fiscal year 2021 passed in the House and news from HUD on how to access funding made available in the CARES Act earlier this year.

In this week's Tax Credit Tuesday, Michael J. Novogradac, CPA, discusses the COVID-19 relief package that was introduced by Senate Republicans called the HEALS Act and the provisions it contains for individuals, businesses and HUD housing. Then, he discusses housing goals for 2021 that were releases by the Federal Housing Finance Agency. Next, he shares news about the upcoming new markets tax credit allocation round and other insights from the Novogradac New Markets Tax Credit Virtual Conference. He wraps up with a HUD announcement about COVID-19 supplemental payments for project-based rental assistance properties, and an announcement from the CDFI Fund regarding its proposed changes to the annual certification and data collection report form and the certification transaction-level report for CDFIs.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses the 2019 new markets tax credit awards from the CDFI Fund. Then, he shares highlights from the Novogradac 2020 Opportunity Zones Virtual Conference, and he shares panel discussions from Novogradac's Affordable Housing Friday Forum. Next, he talks briefly about the Economic Justice Act'a legislative proposal that would create a minimum 4 percent low-income housing tax credit. He then shares highlights from the National Low-income Housing Coalition's 2020 Out of Reach report on housing affordability. He wraps up with updates from Louisiana regarding the state's new markets tax credit, historic tax credit and opportunity zones incentives.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses a proposal from presumptive Democratic nominee Joe Biden and Sen. Bernie Sanders to make significant investments in affordable housing, renewable energy and community development, which includes a recommendation to expand and make permanent the new markets tax credit. Then he shares highlights from the Novogradac Affordable Housing Friday Forum and panelists' discussion of debt and equity trends during the pandemic and the future of affordable housing in California. Next, he talks about nearly $76 billion in funding for fiscal year 2021 approved by the House Transportation-HUD Committee. He wraps up with updates on the extension and expansion of state historic tax credits in Mississippi and Delaware.