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In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, discusses the status of the Move America Act, an infrastructure package in Congress and share highlights from last week's House Financial Services Committee hearing that focused on housing finance reform, including Fannie Mae and Freddie Mac. He closes out today's podcast with other affordable housing and community development headlines, including some significant state-level news from California and Wisconsin. '

In this week's Special Tax Reform Edition of the Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, discusses the significance of the Republican tax reform framework released last week and what it could mean for the affordable housing, community development, historic rehabilitation and renewable energy communities. After that, he discusses the next steps and what listeners can expect if or when tax reform is enacted. Along the way, he shares some insights into how these proposed changes could affect various tax credit communities. He invites listeners to submit questions or other insights to cpas@novoco.com.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he provides an update as to what to expect on tax reform this week. He also shares updates on a Senate Finance Committee business tax reform hearing and tax reform retreats by House Republicans and the Ways and Means Committee. He also shares the latest disaster relief announcements from the IRS and HUD. In the affordable housing section, he discusses HUD Secretary Ben Carson's recent op-ed on policy reforms he plans to make. Then, he highlights a few proposed regulations for California's Low-Income Housing Tax Credit program. In new markets tax credit news, he discusses how listeners can submit comments on the CDFI Fund's reporting system, CIIS. He closes out with a troubling state historic tax credit development in Wisconsin and why developers there have about 10 months to prepare for a significant program change.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with significant news about the timeline for tax reform.' He also shares good news on the nominations of Pam Patenaude as HUD deputy secretary and Brian Montgomery as FHA commissioner. After that, he provides an update on disaster relief for taxpayers affected by Hurricane Irma. On the affordable housing front, he shares details about private activity bond issuance for affordable rental housing in 2016. He also has information for listeners about the 2018 qualified census tracts and difficult development areas. He discusses the LIHTC Working Group's comments on the National Council of State Housing Agencies' proposed revisions to its Recommended Practices in Housing Credit Administration. And in state housing news, he provides an update on California S.B. 2 and S.B.3, legislation that could increase the development and preservation of affordable housing. He closes out with state historic tax credit news from Wisconsin. '

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he shares big news on Hurricane Harvey assistance, the debt ceiling and a continuing resolution. He also provides news regarding the reintroduction of the National Disaster Tax relief Act (H.R. 3679), a bill that would incentivize investments in areas affected by natural disasters. After that, he discusses the latest news on tax reform and shares an update on changes in membership that is coming to the Ways and Means Committee after next year's elections. He shares a status update on the nominations of Pam Patenaude as HUD assistant secretary and of Paul Compton as HUD general counsel. He closes with an updated resource on low-income housing tax credit investments from the ACTION Campaign.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the status of tax reform efforts and legislative options for a continuing resolution and raising the debt limit, which must be addressed this month. He also provides a short update on amendments filed to Transportation-HUD and other spending bills. Then, he discusses fiscal year 2018 fair market rents and a slate of state bills that could increase funding for affordable housing in California. Next, he shares good news from Illinois, where the state new markets tax credit was extended through S.B.625. He closes out with the National Renewable Energy Laboratory's "Wind Energy Finance in the United States: Current Practice and Opportunities," an informative report on wind energy investments.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he discusses the latest in tax reform efforts. He also touches on upcoming deadlines to keep the government funded through the next fiscal year and to raise the federal debt ceiling. In low-income housing tax credit news, he shares good news regarding an increase in the Rental Assistance Demonstration program cap, and he also talks about the Rent Relief Act, a bill that has been introduced in Congress that would create a federal renter tax credit. He closes out with news on a proposed cap for the Wisconsin state historic tax credit.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses the latest in tax reform efforts. He also talks about the canceling of a planned presidential infrastructure advisory council. In low-income housing tax credit news, he discusses a change to when HUD's new small-area fair market rent designations will go into effect. In new markets tax credit news, he talks about the NMTC Working Group's tax reform recommendations to the Senate Finance Committee. And, he shares the CDFI Fund's latest qualified equity investment issuance report. He closes with an update on the Illinois state historic tax credit extension bill and on a court ruling that could mean good news for New York State historic tax credit investments.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section where he talks about what GOP leaders are doing to keep alive their goal of advancing tax reform legislation this fall after they return from August recess. Then, he discusses a budget resolution and debt ceiling, two major items on the congressional agenda that are crowding the calendar for tax reform. In low-income housing tax credit news, he discusses a report by HUD on the nation's worst-case housing needs. In new markets tax credit news, he outlines a program update from the CDFI Fund on applications submitted for the 2017 round of the new markets tax credit. He closes with historic tax credit news, where he is talks about Illinois S.B. 1783, a state bill that could extend the Illinois state historic tax credit for another four years.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he outlines President Trump's executive order to create an infrastructure council. Then, he provides listeners with more details on last week's Senate Finance Committee hearing on tax reform and affordable housing. After that, he talks about Senate Finance Committee Chairman Orrin Hatch's plan for a tax reform legislation markup after the August recess. Then, he shares the Trump administration appointees who were confirmed by the Senate last week. In low-income housing tax credit news, he discusses a new Notes from Novogradac blog post that discusses the difficult development areas for 2018. Then, he outlines the newly introduced Smoke-Free Affordable Housing Act (H.R. 3322), which would give low-income housing tax credit allocation preference to non-smoking developments. In new markets tax credit news, he reviews a new markets tax credit compliance report commissioned by the CDFI Fund. In histori

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with a packed general section this week. He talks about the failed effort to repeal parts of Obamacare in the Senate and how that affects Republican approaches to tax reform. He provides an overview of the Senate Finance Committee affordable housing hearing held today. Then, he talks about fiscal year 2018 appropriations for the Departments of Transportation, Housing and Urban Development and Related Agencies. After that, he lists the HUD and Treasury nominations that were recently voted on to advance. In low-income housing tax credit news, he'll discuss what California's extended cap-and-trade program could mean for affordable housing. In new markets tax credit news, he shares highlights from the New Markets Tax Credit Coalition's report on the importance of the new markets tax credit in rural communities. He closes out with historic tax credit news, where he discusses an upcoming deadline for Rhode Island state historic tax credit

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section and an update on a Senate vote to proceed on healthcare legislation passed by the House. Then, he talks about how a House Budget Committee resolution can set the stage for tax reform. After that, he goes over a recent tax policy subcommittee's tax reform hearing and what industry groups are advocating in letters to Senate Finance Committee Chairman Orrin Hatch. Then, he briefly discusses last week's Senate Finance Committee tax reform hearing and the committee's vote to advance the nomination of David Kautter as Treasury Assistant Secretary for Tax Policy. In low-income housing tax credit news, he shares what HUD Secretary Ben Carson plans to do with the Affirmatively Furthering Fair Housing rule. Then, he lists some of the affordable housing advocacy activities coming up for National Housing Week of Action. In new markets tax credit news, he shares an important reminder about upcoming application d

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section where he talks about everything from a potential omnibus spending bill and appropriations for Transportation, Housing and Urban Development and related agencies to the White House's tax plan timeline. He also discusses an upcoming House Ways and Means Committee hearing on tax reform and how the U.S. Conference of Mayors is asking legislators to invest in affordable housing, community development and clean energy. In low-income housing tax credit news, he provides a cosponsor update on both the House and Senate versions of the Affordable Housing Credit Improvement Act of 2017 (H.R. 1661, S. 548). In new markets tax credit news, he relays another deadline extension from the CDFI Fund to submit required reports for certain programs, including the new markets tax credit. Then, he shares the monthly qualified equity investment issuance report. In historic tax credit news, he touches briefly on an upcoming me

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks about factors affecting the timing of tax reform. He also shares the results of Novogradac'stax reform Twitter poll.After that, he has updates from the House Appropriations Committee. In low-income housing tax credit news, he outlines the FHFA's proposed annual housing goals for Fannie Mae and Freddie Mac. Next, he shares news about Novogradac & Company's updated Rent and Income Limit Calculator. Then, he outlines the Public Housing Tenant Protection and Reinvestment Act of 2017.Next, he talks about the updated Section 8 Renewal Policy Guide .After that, he briefly discusses California S.B. 2.In new markets tax credit news, he shares an invitation for comment on the NMTC application. Then, he shares about upcoming deadlines for the Capital Magnet Fund. In historic tax credit news, he talks about the future of the state low-income housing tax credit and the state historic tax credit in Missouri. He closes with Michigan, S.B. 469.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about progress on a health care bill that could clear more room on the congressional calendar for tax reform, if the bill passes. On the topic of tax reform, he shares what House Speaker Paul Ryan said last week on his expectations of what tax reform will look like and when it can be enacted. He also discusses one of the other major items on the congressional to-do list: raising the debt ceiling. After that, he talks about why some members of Congress are calling for a cancellation of the August recess. Then, he touches briefly on potential timing for banking regulatory reform and housing finance reform. In new markets tax credit news, he shares two updates from the CDFI Fund. One is a reporting deadline extension and the other is a call for applicants to review the 2017 round of the new markets tax credit. 'In historic tax credit news, he talks about an upcoming change to the timing of w

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about Sen. Orrin Hatch's call for stakeholder feedback on tax reform. Then, he discusses the appointments of Kipp Kranbuhl and Jared Sawyer to Treasury Department staff. After that, he provides listeners with an update on the nomination of Pam Patenaude as HUD deputy secretary. He also shares proposed partnership audit rule changes. In low-income housing tax credit news, he highlights findings from two reports: one is the Federal Housing Finance Agency's annual report to Congress and the other is the 2017 State of the Nation's Housing report. He then touches briefly on HUD's announced fiscal year 2017 allocations for the Office of Community Planning and Development grant programs. In new markets tax credit news, he talks about upcoming program deadlines and he shares what CDFI Fund Director Annie Donovan said about when to expect the 2017 NMTC award announcement.'

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he covers HUD Secretary Ben Carson's appearances last week before important subcommittees in both the House and the Senate to talk about President Trump's budget request. I'll also share what Pam Patenaude told the Senate Banking Committee during a hearing on her nomination as HUD deputy secretary. Then, he discusses President Trump's nomination of Joseph Otting to head the Office of Comptroller of the Currency. He also touches on the Financial Choice Act (H.R. 10), a significant banking regulation bill that the House passed last week to repeal and replace the Dodd-Frank Act. In low-income housing tax credit news, he tells listeners about the National Low-Income Housing Coalition's recently released, annual, Out of Reach Report. He also shares the steps being taken by an important affordable housing advocacy group to encourage the House Ways and Means Committee to expand the low-income housin

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he shares news on the Trump administration's plans to release a detailed tax plan. Then, he discusses one path that House appropriators are considering for passing 12 appropriations bills for fiscal year 2018. After that, he announces two congressional hearings. One is in the House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies and concerns the Trump administration's proposed fiscal year 2018 budget. The other is in the Senate Committee on Banking, Housing and Urban Affairs on the nomination of Pam Patenaude as HUD deputy secretary. In affordable housing news, he discusses a new methodology proposed by HUD on calculating fair market rents. Then, he outlines a Louisiana state court decision on affordable housing property valuations that could have significant consequences for affordable housing in New Orleans. He closes out with historic tax credi

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about last week's House Ways and Means Committee hearing on the president's proposed budget for fiscal year 2018. He recaps the testimony of sole witness Treasury Secretary Steve Mnuchin. Then, he discusses the Move America Act of 2017, a bill that would authorize additional tax-exempt bond allocation as well as a new tax credit to fund infrastructure projects. In new markets tax credit news, he outlines some of the topics added to the CDFI Fund's list of frequently asked questions regarding the 2017 NMTC allocation application. After that, he closes out with the latest qualified equity investment issuance report and a CDFI Fund blog post on eligible uses of Capital Magnet Fund awards. In historic tax credit news, he shares a sign-on letter urging congressional leaders to retain and enhance the historic tax credit in tax reform. Then, he outlines the School Infrastructure Modernizati

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he shares what is known about the budget proposal for 2018 that President Donald Trump's administration will release today, including some affordable housing programs that will reportedly see cuts. He also talks about the first of a series of hearings about tax reform that the House Ways and Means Committee conducted last week and will let listeners know what topic they will discuss today. In low-income housing tax credit news, he discusses some new cosponsors for the Affordable Housing Credit Improvement Act of 2017 in both houses of Congress and let listeners know which co-sponsors are members of the influential Ways and Means Committee and Senate Finance Committee. He also shares recent Section 1602 audits of Rhode Island and Arkansas.. In historic tax credit news, he talks about the latest effort by legislators in West Virginia to pass a significant increase to their state historic tax credit perc