Novogradac & Company Llp

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about how the House's recent passage of a health care reform bill affects efforts to advance tax reform legislation. In low-income housing tax credit news, he discusses a teleconference and web conference series hosted by the U.S. Department of Agriculture that's designed to enhance its multifamily housing program. Then, he shares the results of a recent poll on how voters feel about keeping tax incentives in tax reform, including the low-income housing tax credit. After that, he discusses a bill that would create a Maine state low-income housing tax credit. In the new markets tax credit section, he talks about the official opening of the calendar year 2017 new markets tax credit allocation round and which deadlines you should mark on your calendar. He closes out with renewable energy tax credit news, where he discusses a bill introduced by Sen. Ron Wyden that would create a new renewabl

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the $1 trillion omnibus spending bill that Congress is negotiating this week to keep the government funded through the end of fiscal year 2017. He also discusses President Donald Trump's tax plan outline and how it compares to the priorities of Republican leaders in Congress. In low-income housing tax credit news, he announces the nomination of Pam Patenaude as HUD deputy secretary. He also shares what HUD Secretary Ben Carson said about the low-income housing tax credit and when listeners can expect him to release his housing agenda. Then, he discusses how listeners can access the updated Novogradac Rent & Income Limit Calculator. In the new markets tax credit section, he discusses the tentative timeframe for opening the fiscal year 2017 round of the Capital Magnet Fund. He also shares the CDFI Fund's request for comment on the annual report required of new markets tax credit

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about efforts to keep the government funded past Friday, when the continuing resolution expires. He also discusses the latest updates from Washington on tax reform efforts. In addition, he shares the IRS' invitation to submit comments on the 2017-2018 priority guidance plan. In low-income housing tax credit news, he continues last week's discussion about the release of the fiscal year 2017 income limits. In the new markets tax credit section, he provides an update on the New Markets Tax Credit Extension Act of 2017. Then, he shares information from the latest qualified equity investment issuance report and how listeners can get notified as soon as the notice of allocation authority is released for the next new markets tax credit allocation round. He closes out with the renewable energy tax credit news section, where he shares two state legislation updates: one from Maryland and the other

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he reviews the latest efforts to enact tax reform and the major stumbling blocks that are currently preventing it from moving forward. He also provides a short update on the status of funding the federal government, as the continuing resolution is scheduled to expire at the end of next week. In low-income housing tax credit news, he talks about HUD's recent release of the fiscal year 2017 income limits and some of his initial observations. He also discusses recent report findings by HUD about low-income housing tax credit tenants, and after that he shares some insights with listeners from Novogradac's newest edition of the Novogradac Multifamily Rental Housing Operating Expense Report. He closes out with new markets tax credit news, where he discusses A.B. 1715, a bill to create a California state new markets tax credit.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he provides an update on congressional priorities once lawmakers return from their spring recess. Namely, where does Congress stand on avoiding a government shutdown and how close or far are legislators from tackling tax reform? Then, he shares what HUD Secretary Ben Carson said last week about the Trump administration's proposed cuts to affordable housing and community development programs. After that, he shares what Rep. Maxine Waters is doing to challenge those proposed cuts to HUD funding. In low-income housing tax credit news, he talks about last week's American Enterprise Institute Conference on Housing Affordability. Then, he outlines what the California Debt Limit Allocation Committee is doing to adjust for the disruption in the low-income housing tax credit debt and equity market. He closes out with our renewable energy tax credit section, where he goes over the National Resources Defense Cou

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses President Donald Trump's budget request for fiscal year 2018 and how his administration's supplemental fiscal year 2017 request could affect affordable housing and community development programs. He also talks about Trump's recent executive order concerning the Clean Power Plan and how that could affect renewable energy tax credits. In low-income housing tax credit news, he goes over affordable housing highlights featured in a recent newsletter from the Office of the Comptroller of the Currency. Then, he discusses Georgia H.B. 196 that was passed that would change how fair market values of low-income housing tax credit properties are determined. He also talks about Massachusetts' new Community Scale Housing Initiative program to help build and preserve affordable housing. In new markets tax credit news, he outlines Mississippi's recent state new markets tax credit extension. He closes

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he discusses what happened to the Republicans' high-profile efforts to repeal and replace Obamacare last week and the effect their failure could have on the prospect of comprehensive tax reform. In low-income housing tax credit news, he tells listeners about the introduction of the House version of the Affordable Housing Credit Improvement Act and how it differs from the Senate version of the bill. He also gives an update on legislation in Utah HB 36, which would expand the state low-income housing tax credit. In the historic tax credit section, he shares an update on the Historic Tax Credit Improvement Act cosponsors, including how many of them are on the powerful tax-writing committees in the House and Senate. He closes out with the renewable energy tax credit section where he discusses a state-level bill that extends the popular Massachusetts Solar Renewable Energy Credit 2 program, while a long-te

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses the Trump administration's fiscal year 2018 budget request blueprint and what it could mean for affordable housing and community development. He also discusses Treasury Secretary Steven Mnuchin's choice of Justin Muzinich for his counselor on tax reform.' Then, he provides an update on HUD Secretary Ben Carson's listening tour. In low-income housing tax credit news, he discusses a report on low-income housing tax credit developments in the San Francisco Bay Area. In new markets tax credit news, he reviews a study of Maine's state new markets tax credit and how it can be improved. In the historic tax credit section, he discusses the Advisory Council on Historic Preservation's recent report on the National Historic Preservation program. Then, he has some state news from Alabama and Arkansas. Alabama took one step closer to reinstating its state historic tax credit through H.B. 345 and S

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about a report on what will be included in President Donald Trump's 2018 federal budget proposal that will be released this week. He also discusses what the Senate majority leader said last week about the timeline for tax reform and how it differs from what was said by Treasury Secretary Steve Mnuchin. In low-income housing tax credit news, he discusses two housing reports. One is from the office of Sen. Maria Cantwell, who introduced the Affordable Housing Credit Improvement Act with Sen. Orrin Hatch last week. The other housing report is by the National Low Income Housing Coalition. After that, he talks about what the District of Columbia is doing to address uncertainty in the low-income housing tax credit equity market. In new markets tax credit news, he provides a cosponsor update on the New Markets Tax Credit Extension Act of 2017. He closes out with the historic tax credit section,

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about President Donald Trump's first address to a joint session of Congress. He then discusses the recent confirmation of Ben Carson as Secretary of the U.S. Department of Housing and Urban Development (HUD). In the low-income housing tax credit (LIHTC) section, he outlines the Affordable Housing Credit Improvement Act. He also discusses in detail what IRS resident population estimates mean for states' low-income housing tax credit and tax-exempt private activity bond ceilings. Then, he shares a GAO report, "Low-Income Housing Tax Credit: The Role of Syndicators." After that, he discusses Minnesota SF 1181, a bill to create a Minnesota state low-income housing tax credit. In historic tax credit news, he talks about Alabama H.B. 345 and S.B. 262, legislation to reinstate the Alabama state historic tax credit. He closes out with renewable energy tax credit news, where he discusses Mary

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about Treasury Secretary Steve Mnuchin's tax reform timeline. He also discusses when the House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (T-HUD) may consider a new fiscal year 2017 spending bill. In low-income housing tax credit news, he talks about the recently released 2017 calendar year resident population figures. He also discusses a sign-on letter from the Affordable Rental Housing ACTION Campaign. Then he details the Housing for Homeless Students Act of 2017. In new markets tax credit news, he discusses a CDFI Coalition and NMTC Coalition advocacy letter sent to Mnuchin. Then, he summarizes the latest qualified equity investment (QEI) issuance report. After that, he shares CDFI Bond Guarantee program deadlines. He closes with historic tax credit news, where he talks about West Virginia's H.B. 2545, which would increase the

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the recent confirmation of new Treasury Secretary Steve Mnuchin and what some of the priority items are on his to-do list. He also discusses the House Ways and Means Committee's newest member, Mike Bishop. In low-income housing tax credit news, he shares information on the Common Sense Housing Investment Act of 2017, a bill that would reduce the mortgage interest deduction and increase funding for affordable housing. He also discusses public comments on IRS Notice 2016-77. Then he provides details about an upcoming conference call to discuss certificating California state low-income housing tax credits. In new markets tax credit news, he discusses the New Markets Tax Credit Extension Act of 2017, a long-awaited bill to expand and make permanent the federal new markets tax credit. In addition, he outlines a bill to create a state new markets tax credit in Minnesota. He closes ou

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about the appointment of California Democrat Judy Chu to the House Ways and Means Committee. He also provides an update on when there might be tax reform. In low-income housing tax credit news, he has two announcements from the California Tax Credit Allocation Committee. One is an update to the state's proposed hybrid 9 percent-4 percent low-income housing tax credit. The other announcement is a reminder about the tenant demographic data collection deadline for all low-income housing tax credit properties in California. In new markets tax credit news, he discusses updates to the CDFI Fund's new markets tax credit certification, compliance monitoring and evaluation FAQs. He also shares some highlights from the CDFI Fund's fiscal year 2016 in review. He closes out with the historic tax credit section, where he discusses Virginia bill S.B. 1034, legislation that could create a cap on the amount

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the confirmation status of Treasury Secretary nominee Steve Mnuchin. He also discusses congressional support for keeping the tax-exempt status of municipal bonds. Then, he discusses the Joint Committee on Taxation's estimates of expenditures for fiscal years, 2016-2020'including estimates for the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits. In low-income housing tax credit news, he shares information about Utah H.B. 36, a bill that would nearly triple Utah's state low-income housing tax credit annual program cap. In new markets tax credit news, he talks about the Investing in Opportunity Act, a bill reintroduced in Congress that would allow taxpayers to defer capital gains taxes on investments in opportunity zones. He also tells listeners about two reports on native communities and their access to capital and credi

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about what Treasury Secretary nominee Steven Mnuchin said about tax credits in his written response to questions from members of the Senate Finance Committee. He also has an update on the confirmation of Dr. Ben Carson as Secretary of the Department of Housing and Urban Development. Then he shares news about House Ways and Means Committee member Rep. Lynn Jenkins, R-Kan., and her 'announced plans to retire after the 115th Congress. In low-income housing tax credit news, he discusses an unusual hybrid 4 percent- 9 percent low-income housing tax credit plan proposed by the California Tax Credit Allocation Committee as a response to a disrupted low-income housing tax credit equity market. In new markets tax credit news, he talks about a deadline extension to sign the New Markets Tax Credit Coalition's letter to Congress. And he shares information about a tool that can help qualified active low-i

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news about Treasury Secretary nominee Steven Mnuchin's highly anticipated Senate confirmation hearing last week. In low-income housing tax credit news, he talks about the state of the low-income housing tax credit equity market and what states like Ohio are doing to fill the equity shortfall. He also discusses implementation of the Housing Opportunity through Modernization Act of 2016 and expansion of HUD's Moving to Work program. He outlines President Donald Trump's suspension of a decrease in the Federal Housing Administration's mortgage insurance premium. He then talks about the 2017 poverty guidelines released by the Department of Health and Human Services, which allow HUD to calculate its income limits. In new markets tax credit news, he discusses the latest qualified equity investment issuance report and the fiscal year 2017 rounds of the CDFI program and Native CDFI program. In renewable ener

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section with news about HUD Secretary nominee Ben Carson's highly anticipated Senate confirmation hearing last week. He provides details on where Carson stands on fair housing, HUD programs and the low-income housing tax credit. He then discusses Rep. Lloyd Doggett's appointment as the new ranking member of the House Ways and Means Tax Policy Subcommittee. After that, he shares a brief update about the House Ways and Means Committee's energy tax reform working group. In low-income housing tax credit news, he talks about the report, "California's Housing Future: Challenges and Opportunities" and what it had to say about how the federal and state low-income housing tax credit can help California address its housing challenges. In new markets tax credit news, he discusses the Creating Opportunities for Rural Communities Act, legislation that was reintroduced in the House (H.R. 405) and Senate (S. 76) to direct more inv

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news from a busy first week of Congress. He discusses committee leadership appointments and new members of the House and Senate tax-writing committees. He also shares updates on what House Republicans are doing to prepare for writing tax reform legislative language. After that, he reviews more information about HUD Secretary nominee Ben Carson's scheduled confirmation hearing with the Senate Committee on Banking, Housing and Urban Affairs. And he outlines what outgoing HUD Secretary Juli'n Castro had to say about the importance of affordable housing'and more specifically, the importance of the low-income housing tax credit. In low-income housing tax credit news, he talks about what a recent Wisconsin Supreme Court ruling on property valuation means for affordable housing in the state. In new markets tax credit news, he shares how listeners can submit comments to the CDFI Fund on its new markets tax

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about current tax reform and how lowering the corporate tax rate could mean a loss of up to $2.2 billion or more in equity annually for affordable housing. In low-income housing tax credit news, he discusses how Minnesota's state allocating agency has extended its application deadlines as a response to the equity market disruption caused by potential tax reform. Then, he shares how the 2017 annual adjustment factors for certain Section 8 contracts compare to those of 2016. He closes out with our historic tax credit section, where he'll have encouraging news about Oklahoma's popular state historic tax credit.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about potential assignments for the tax-writing Senate Finance Committee and House Ways and Means Committee in the next Congress. He also shares news about an upcoming Novogradac webinar on what the election means for affordable housing and community development. In low-income housing tax credit news, he discusses HUD's fiscal year 2017 annual adjustment factors for Housing Assistance Payment contracts. Then, he has two updates from California, where lawmakers have introduced a bill to boost the state low-income housing tax credit to $300 million per year. He also talks about an announcement from California's state allocating agency that it will extend the 2016 low-income housing tax credit readiness deadlines for its state program. In new markets tax credit news, he discusses some changes that the CDFI Fund is making to its allocation agreement. He also shares the CDFI Fund's monthly qua