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In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he discusses a special meeting held by the House Republican Ways and Means members last week, as well as what he thinks GOP leaders hope to accomplish in tax reform. In low-income housing tax credit news, he reviews the Federal Housing Finance Agency's final rule on Fannie Mae and Freddie Mac's duty to serve underserved markets'plus, what the final rule means for the low-income housing tax credit equity market. Then he talks briefly about guidance that a recent revenue ruling and IRS notice provided to state allocating agencies on low-income housing tax credits and complying with fair housing rules. In new markets tax credit news, he reviews the CDFI Fund's planned update of census eligibility and how that affects where new markets tax credit investments can be made. Then, he shares a few key deadlines for the fiscal year 2017 round of the CDFI Bond Guarantee program. In the historic tax credit sectio

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about how Congress last week narrowly prevented a government shutdown. He also discusses what House Republicans are doing this week to prepare for tax reform next year. Then, he names the top three candidates in the running for HUD deputy secretary. After that, he shares some advice on what some have suggested Ben Carson should prioritize after he's confirmed as HUD secretary. In low-income housing tax credit news, he describes what's going on in the tax credit equity market and what some state allocating agencies have done to address developer and investor concerns. He closes out with a report finding that there's little to no evidence linking low-income housing tax credit housing to increases in concentrated poverty.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about President-elect Donald Trump's pick for Treasury Secretary, Steven Mnuchin, and what Mnuchin has planned for Trump's first 90 days in office. He then talks about Trump's nomination of Ben Carson as HUD Secretary and shares his thoughts on what Carson's appointment could mean for affordable housing. After that, he discusses how Rep. Richard Neal has become the top Democrat on the House's powerful Ways and Means Committee. Then, he looks at where lawmakers stand on passing a continuing resolution and certain tax extenders. In low-income housing tax credit news, he highlights some of the important points in California's new final proposed regulations for the low-income housing tax credit. In new markets tax credit news, he shares with listeners a list of qualified equity investment issuance thresholds that new markets tax credit allocatees need to meet to be eligible for another alloc

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he provides an update on Dr. Ben Carson's likelihood of becoming the next Secretary of the U.S. Department of Housing and Urban Development. He also talks about what congressional leaders are planning to do to keep the government funded past the Dec. 9 expiration of stopgap funding. In low-income housing tax credit news, he talks about the effect that the talk of the possibility of corporate tax reform is having on the current investment interest of many LIHTC corporate investors. He also discusses a GAO report on the role that Fannie Mae and Freddie Mac should play in housing finance. In new markets tax credit news, he shares a quick update for awardees of the 2015-2016 new markets tax credit allocation round about when they can expect to close allocation agreements. Then, he discusses a new bill that would create a new markets tax credit allocation set-aside for investments in low-income co

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about which candidates may be in line to lead Treasury and HUD in a Trump administration. In the low-income housing tax credit section, he shares updates about HUD's final rule on small area fair market rents. He'll also talk about an idea for a renter's tax credit and how it aims to alleviate rent burdens for low-income households. In new markets tax credit news, he shares details and some insights on the highly anticipated announcement of the CDFI Fund's $7 billion in new markets tax credit allocation authority. In the historic tax credit section, he discusses one way the Advisory Council on Historic Preservation is emphasizing the importance of the historic tax credit and low-income housing tax credit as preservation tools. And, he closes out with renewable energy tax credit news, where he outlines state legislation in Utah to phase out the state's tax credit for commercial solar inst

In this week's Special Election Edition of the Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, discusses the possible policy implications of the historic 2016 presidential and congressional elections. He discusses House and Senate leadership, as well as likely assignments for the chief tax-writing committees: the House Ways and Means Committee and the Senate Finance Committee. He also talks about potential candidates for a new U.S. Department of Housing and Urban Development (HUD) Secretary and how priorities outlined in the House Republicans' tax reform blueprint could affect the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about what's at stake on Election Day, in addition to the presidential race: how many congressional seats are up for election, who's not seeking reelection and how election results could shake up committee assignments. In the low-income housing tax credit section, he shares news about Novogradac & Company's mapping tool with updated information on difficult development areas and qualified census tracts. Then, he discusses a sign-on letter that a group of public housing authorities is circulating in support of expanding HUD's Rental Assistance Demonstration program. In state housing news, he provides an update on Nebraska's newly created state low-income housing tax credit. In new markets tax credit news, he shares the latest qualified equity investment issuance report details. In the historic tax credit section, he discusses an economic progress report on the Nebraska's state historic tax

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about how Paul Ryan's bid to keep his job as speaker of the House could affect the future of tax reform. In the low-income housing tax credit section, he discusses the inflation-adjustment caps for the low-income housing tax credits and private activity bonds in 2017. He also talks about HUD's initial guidance for the Housing Opportunities through Modernization Act. In community development news, he outlines the CDFI Fund's five-year strategic plan and how it'll affect administration of CDFI Fund programs, including the new markets tax credit. In the historic tax credit section, he talks about a sign-on letter being circulated by historic preservation groups to ramp up support for the Historic Tax Credit Improvement Act. He closes with renewable energy tax credit news, where he discusses some important deadlines regarding the renewable energy investment tax credit and production tax credit.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about what congressional leaders have in mind for tax reform. In the low-income housing tax credit section, he discusses how $2.6 million unused low-income housing tax credits will be reallocated for 2017. He also outlines HUD's announcement of difficult development areas and qualified census tracts for 2017. After that, he moves on to a HUD final rule that explicitly excludes tax credit investors from previous participation reviews. In community development news, he tells listeners about the CDFI Fund's draft of its allocation agreement for the upcoming new markets tax credit allocation round and how to submit comments on it. He also highlights H.R. 6213, a new bill that could help increase the amount of new markets tax credit investments in tribal communities. In the historic tax credit section, he summarizes a letter that the Historic Tax Credit Coalition sent to the IRS regarding

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he discusses the work in store for Congress when it reconvenes next month, after the elections. He also outlines the options for passing a spending package and how tax extenders fit into the agenda. In the low-income housing tax credit section, he discusses what kind of tax relief is available for areas affected by Hurricane Matthew. Then, he shares a report by the National Low Income Housing Coalition on how the shortage of housing choice vouchers and public housing units points to the importance of the low-income housing tax credit. In new markets tax credit news, he talks about when the $7 billion new markets tax credit allocation announcement is expected and what listeners can do to prepare for the upcoming round. In the historic tax credit section, he details a chief council advice memorandum released by the IRS requiring a pass-through entity in a historic tax credit transaction to file the Form

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses a recent report from the Federal Housing Finance Agency on how federal home loan banks have helped boost investments in low-income housing and community development. In the low-income housing tax credit section, he tells listeners about HUD's proposed energy benchmarking for assisted multifamily housing and public housing agencies. He also discusses a state law passed in California that allows local school districts to create housing programs for its employees, using federal and state low-income housing tax credits. In new markets tax credit news, he discusses how much new markets tax credit allocation authority was finalized by allocatees in the past month. In the historic tax credit section, he talks about the National Trust for Historic Preservation's list of 11 Most Endangered Historic Places and the role that historic tax credits could play in preserving those places. And, he clo

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section where he discusses what lawmakers did to avoid a federal government shutdown last week and what unfinished business they'll have to address when they reconvene after the election. In the low-income housing tax credit section, he discusses HUD's invitation for comments on closing documents for its Rental Assistance Demonstration or RAD program. Then, he shares updated ACTION Campaign state and district fact sheets that illustrate what the low-income housing tax credit has accomplished in each state and district. After that, he talks about the Emergency East Chicago Relief Act of 2016 (H.R. 6166), a bill that would temporarily increase the low-income housing tax credit allocation in Indiana. Then, he provides an update on a California A.B. 1920, which will give the California Tax Credit Allocation Committee (TCAC) the power to enforce fines for compliance violations. In new markets tax credit news, he discusse

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses the Louisiana Flood and Storm Devastation Tax Relief Act of 2016 (H.R. 6137). In the low-income housing tax credit section, he discusses the Middle-Income Housing Tax Credit Act of 2016 (S. 3384), a bill that would create the middle-income version of the low-income housing tax credit. After that, he shares an update on Inclusive Communities Project Inc. v. the Texas Department of Housing and Community Affairs, a fair housing case that could change how state agencies across the country allocate low-income housing tax credits. Then, he provides a brief reminder of upcoming HUD deadlines for closing mixed-finance transactions before the end of the year. After that, he talks about a new progress report from HUD on its Rental Assistance Demonstration or RAD program. Then he rounds out the housing section with state news from Nebraska, where the state allocating agency said it would delay p

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he outlines Donald Trump's recently released tax reform plan and what certain provisions could mean for the tax credit community. In the low-income housing tax credit section, he touches briefly on a Massachusetts Superior Court ruling last week that affirms a low-income housing tax credit sponsor's right of first refusal. Then, he discusses HUD's final rule on evaluating Fair Housing Act harassment complaints. He rounds off the housing section with two state updates. The first is a Georgia court ruling on how low-income housing tax credits are assessed in property valuations. The second state update is from California, where the state allocation agency has proposed more than a hundred changes to its state low-income housing tax credit regulations. In new markets tax credit news, he discusses Bill Clinton's continued support of the New Markets Tax Credit that he signed into law when he was president.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses Congressional plans to pass a continuing resolution and avoid a government shutdown. In the low-income housing tax credit section, he shares an update on the Affordable Housing Credit Improvement Act of 2016. He also discusses a California state bill that would give the California Tax Credit Allocation Committee a more efficient way to enforce compliance regulations. In new markets tax credit news, he announces the winners of the 2016 Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards. In the historic tax credit section, he briefly outlines recent regulatory changes to Maryland's state historic tax credit program. And, he closes out with renewable energy tax credit news, where he talks about a recent report on the future of wind power generation. He also discusses a letter that clean energy businesses have sent to Congress regarding a tax credit extensio

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, which will include key dates for Congress as the fiscal and calendar years draw to a close. He talks about what deadlines lawmakers need to meet in order to avoid a government shutdown and expiration of certain tax credits. In the low-income housing tax credit section, he shares a recent audit report on Virginia's administration of its Section 1602 program, cash grants in lieu of the low-income housing tax credit. He also highlights a few case studies released by the Urban Institute that show why preserving affordable housing is critical to the well-being of communities. In new markets tax credit news, he discusses a guest column that Rep. Pat Tiberi wrote on the importance of making the new markets tax credit a permanent part of the tax code. He also shares the latest NMTC Qualified Equity Investment Issuance Report. In the historic tax credit section, he gives an update on two states that are consider

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about bonus depreciation guidance issued by the IRS last week through Revenue Procedure 2016-48. In the low-income housing tax credit section, he shares the recently released fiscal year 2017 fair market rents. Then, he talks about an important fair housing discrimination lawsuit that was dismissed last week, the Inclusive Communities Project Inc. vs. the Texas Department of Housing and Community Affairs. He also has news about how listeners can comment on HUD's fair housing Local Government Assessment tool. In new markets tax credit news, he talks about how one new community development entity in the Northern Mariana Islands has the potential to bring the new markets tax credit to the U.S. territory for the first time. In the historic tax credit section, he discusses a recent historic preservation milestone that Montana recently reached. And he closes out with renewable energy tax credi

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac begins with the general news section, where he talks about the IRS 2016-2017 Priority Guidance Plan and fourth-quarter update to its 2015-2016 plan. In low-income housing tax credit news, he discusses the Federal Housing Finance Agency raising multifamily caps for Fannie Mae and Freddie Mac. He also discusses what two California housing agencies recommend to address the issue of high development costs when building affordable housing. In new markets tax credit news, he talks about the CDFI Fund's NMTC Public Data Release: 2003-2014 Summary Report. He also shares briefly how much qualified equity investment was issued in the CDFI Fund's latest qualified equity investment issuance report. In the historic tax credit section, he announces the 2016 winners of the Novogradac Journal of Tax Credit Historic Rehabilitation Awards. He closes out with renewable energy tax credit news, where he shares findings from the U.S. Department of Energy 2015 Wind Te

In this week's Tax Credit Tuesday Podcast, Peter J. Lawrence begins with the general news section, where he talks about temporary regulations that the IRS released last week on electing into the partnership audit regime under the Bipartisan Budget Act of 2015. In the low-income housing tax credit section, he shares some stats from the "CDFA Annual Volume Cap Report: Analysis of 2015 Private Activity Bond & Volume Cap Trends." He also has an update on national efforts to eliminate homelessness among veterans. And he discusses findings from the "Housing is a Foundation: 2016 PAHRC Report." In new markets tax credit news, he talks about how listeners can provide the CDFI Fund with feedback on its allocation tracking system. In the historic tax credit section, he shares details on the National Park Service's call for comments on its certification application. And he closes out with renewable energy tax credit news, where he discusses a report on how extension of the investment tax credit shifted solar installatio

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section where he talks about the recently approved 2016 Democrat Party platform, how it compares to the Republican platform and what those priorities could mean for affordable housing, community development and renewable energy. In the low-income housing tax credit section, he shares an update on the Housing Opportunity through Modernization Act of 2016 (H.R. 3700), which President Barack Obama recently signed into law and will modify several housing programs, including Section 8 and public housing. Then, he talks about a new tool released by the Urban Institute and the National Housing Conference that shows why the low-income housing tax credit is crucial to building affordable housing. In new markets tax credit news, he discusses the Rebuilding and Renewing Rural America Act (S. 3243), a recently introduced bill that would double new markets tax credit allocation authority to $7 billion annually for the n