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In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section where he talks about long-awaited guidance on Section 50(d) income inclusion rules and how they affect tax credit partnerships. In the low-income housing tax credit section, he talks about what some stakeholders said about the FHFA's proposed rule on Fannie Mae and Freddie Mac's "duty to serve" underserved markets'particularly about what role Fannie and Freddie should play in the low-income housing tax credit market. In new markets tax credit news, he discusses a recent data release on CDFI loans and investments. He also shares news about Kentucky opening the application round for its state new markets tax credit program. In the historic tax credit section, he provides details about some upcoming application deadlines for Ohio's Historic Preservation Tax Credit program. And he closes out with renewable energy tax credit news, where he discusses "Annual Energy Outlook 2016," a report that compares projec

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the Republican and Democratic conventions and what each party has outlined as its priorities, as they relate to affordable housing and energy policy. He also discusses new Community Reinvestment Act regulation guidance and what one particular change could mean for the historic tax credit industry. In the low-income housing tax credit section, he shares big news on two pieces of legislation. The Affordable Housing Credit Improvement Act of 2016 (S. 3237) would greatly expand the low-income housing tax credit and make numerous enhancements to the program, while the Housing Opportunity through Modernization Act of 2016 (H.R. 3700) makes significant changes to several housing programs, especially HUD's Section 8 Housing Choice Voucher program. Then, he talks about a new housing choice voucher fee formula proposed by HUD that could make administration of vouchers more efficient. In

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he shares what Congress hopes to achieve in the final few days before it takes a long recess. He will also let listeners know about the potential release of a plan by Senate Finance Committee Chairman Orrin Hatch that could have a significant impact on corporate tax reform, including some details of what might be included. In the low-income housing tax credit section, he discusses how two changes in California's state low-income housing tax credit will make the credit more valuable and versatile. He will also look at a change in Hawaii that makes its state low-income housing tax credit more valuable. In new markets tax credit news, he shares the latest Qualified Equity Investment issuance report and how much allocation authority has been issued to investors in the past month. In the historic tax credit section, he talks about an upcoming meeting of the Advisory Council on Historic Preservation. A

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section where he shares details from the House Republican tax reform plan released on Friday and a bill that would put partnerships on level ground with corporations when it comes to paying taxes on such things as grants from state or local governments. In the low-income housing tax credit section, he discusses two bills that would drastically change the way certain housing subsidies are administered. He also discusses the latest "State of the Nation's Housing Report." In new markets tax credit news, he shares some good news about Enterprise Zone designations that will benefit businesses across the country. In the historic tax credit section, he talks about the latest guidance released by the National Park Service on seismic rehabilitation of historic properties. He closes out with renewable energy tax credit news, where he highlights a bill that would create a 30 percent investment tax credit for renewable

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins the general news section with an announcement of the 2016 distressed or underserved non-metropolitan, middle-income geographies where qualified community development activities would qualify for Community Reinvestment Act consideration. In the low-income housing tax credit section, he discusses details of the Federal Housing Finance Agency's 2015 Report to Congress. He will also talk about a proposed rule change on how Housing Choice Vouchers would be administered in certain metropolitan areas. In new markets tax credit news, he shares news about a competition hosted by the CDFI Fund to encourage innovative ideas in serving underserved communities. In the historic tax credit section, he discusses a useful new source of gap financing for Ohio developers. And he closes out with renewable energy tax credit news, where he recaps last week's Senate Finance Committee hearing on energy tax incentives. He will also outline a new bill that w

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section where he describes a comprehensive anti-poverty plan released by House Republican leaders and how the plan can potentially influence tax reform discussions. In the low-income housing tax credit section, he discusses new legislation that was introduced to completely restructure nearly all federal affordable housing programs into a single block grant. Then, he talks about what one report from the Government Accountability Office discovered about compliance issues and the administration of the low-income housing tax credit. After that, he shares news about one state's successful efforts to extend its state low-income housing tax credit for three years. In new markets tax credit news, he highlights the latest New Markets Tax Credit Progress Report. He also shares a newsletter from the Office of the Comptroller of the Currency on how health care centers and community development incentives can be a great

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he shares an invitation from the Treasury Department to comment on the Capital Magnet Fund application process and annual report. He also touches on what representatives from the IRS, Treasury and CDFI Fund had to say recently about the lowincome housing tax credit, new markets tax credit and historic tax credit. In the low-income housing tax credit section, he discusses the National Low Income Housing Coalition's report on some of the reasons why affordable housing is out of reach for a growing number of renter households. He then previews the State of the Nation's Housing report, which will be released by the Joint Center for Housing Studies this month. In state housing news, he discusses one California bill that could make the state low-income housing tax credit more attractive to investors. In new markets tax credit news, he shares the latest Qualified Equity Investment issuance report and ho

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a recap of a report commissioned by the CDFI Fund that suggests how low-income housing tax credits, new markets tax credits and renewable energy tax credits can drive more investment into native communities. In the low-income housing tax credit section, he briefly covers the House Appropriations Committee's approved Transportation-HUD funding bill for fiscal year 2017. He then discusses a new bill introduced that would allow homeless students to qualify for low-income housing tax credit housing. In news from HUD, he talks about clarified guidance on utility allowances under the HOME program. He also summarizes the findings of a report by the Office of Inspector General at the Treasury Department on how well California's state allocation agency complied with Section 1602 requirements. In new markets tax credit news, he provides details of one community development leader's written testimony urging lawmakers to expand and mak

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general section, where he recaps a corporate integration hearing that was held in the Senate Finance Committee last week and shares important insights from that hearing on the possible adverse effects of corporate - individual income tax integration on investable community development tax credits. In the low-income housing tax credit section, he discusses a bill that was introduced in the Senate last week to increase federal allocations of the low-income housing tax credit by 50 percent. He also provides information on a proposed rule that would affect applicants of HUD's multifamily and health care programs who have participated in HUD programs before. In other news from HUD, a proposed rule was issued last week that would mandate broadband infrastructure be installed at all HUD multifamily properties during construction. In new markets tax credit news, he reviews details of a recent meeting that was held by the Community

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off the general news section with a brief recap in of a member day hearing convened last week by House Tax Policy Subcommittee Chairman Charles Boustany. He shares what was said about the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits. Then, he provides some information about a hearing scheduled for today on corporate integration. In the low-income housing tax credit section, he outlines a bill introduced to preserve asset management staff at HUD's multifamily field offices. In other news, he talks about how states should establish maximum per-unit development subsidy amounts for Housing Trust Fund properties. In state affordable housing news, he discusses a bill introduced in Colorado to extend the state low-income housing tax credit by three years. In new markets tax credit news, he shares the latest update from the CDFI Fund on how much qualified equity investment has b

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with a brief recap of where presidential candidates stand after last week's Indiana contests. He'll also touch on a tax overhaul hearing scheduled by the House Ways and Means Tax Policy Subcommittee this week. In the low-income housing tax credit section, he discusses how much will be available for the inaugural allocation of the National Housing Trust Fund. Then, he discusses the Federal Housing Finance Agency's adjustment of multifamily lending caps for Fannie Mae and Freddie Mac. After that, he shares one report's findings about the potential benefits of clustering low-income housing tax credit properties in low-income areas. In new markets tax credit news, he talks about a Dear Colleague letter that urges House Ways and Means Committee leadership to make the NMTC a legislative priority. Then, he discusses a bill designed to attract more investments in economically distressed communities. In the historic tax credit section, he sh

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a brief look at the presidential primary races. He also looks at a business depreciation proposal by Senate Finance Committee Ranking Member Ron Wyden. 'In the low-income housing tax credit section, he outlines a new bill that would reform tenant screening and eviction policies for HUD-assisted properties'specifically, relating to tenants and potential tenants with criminal backgrounds. In new markets tax credit news, he talks about an upcoming meeting for the CDFI Fund's Community Development Advisory Board. In the historic tax credit section, he discusses a recent hearing on Ohio's state historic tax credit program and a proposal to turn the tax credit into a grant. And he closes out with renewable energy tax credit news, where he talks about a legislative amendment that could reallocate millions of dollars to wind energy research.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news, where he provides a brief look at the presidential primary races. Then, he reviews a recently released memo from the IRS Office of Chief Counsel, which provides additional indications as to how the IRS views certain carve-out guarantees of otherwise nonrecourse partnership loans. In the low-income housing tax credit section, he outlines the bill that the Senate Appropriations Committee last week approved regarding funding for transportation and HUD in fiscal year 2017. After that, he discusses how two Louisiana state bills could change the way property taxes for low-income housing tax credit developments are calculated. In new markets tax credit news, he talks about the CDFI Fund's exciting announcement that $7 billion of new markets tax credit allocation authority will be awarded later this year. In the historic tax credit section, he discusses why efforts to extend the state historic tax credit in Alabama ma

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a brief look at the presidential primary races in New York today. Then, he discusses a recent hearing on tax reform proposals and how they could affect key tax credit programs. In affordable housing news, he has a brief note on today's markup of the Transportation, Housing and Urban Development and Related Agencies Appropriations Act for Fiscal Year 2017. Then, he shares how listeners can calculate low-income housing tax credit rent and income limits for every Metropolitan Statistical Area in the country for free. After that, he talks about which state is temporarily suspending its utility allowance for low-income housing tax credit properties. In the new markets tax credit section, he shares some breaking news about calendar years 2015 and 2016 allocation rounds. Then, he has a preview of an upcoming new markets tax credit market report that will debut in next month's issue of the Novogradac Journal of Tax Credits. In the

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides an update for listeners on the presidential primaries. In the low-income housing tax credit section, he discusses recent HUD guidance on how the Fair Housing Act relates to housing restrictions based on criminal history. Then, he shares a HUD report on tenants living in low-income housing tax credit homes. After that, he provides a brief update on one state's extension of its state low-income housing tax credit program. In new markets tax credit news, he has a preview of what the New Markets Tax Credit Working Group is putting together regarding equal opportunity requirements for entities receiving CDFI Fund assistance. In the historic tax credit section, he talks about which state is one step closer to extending its state historic tax credit through the year 2022. And he closes out with renewable energy tax credit news, where he discusses a potential vehicle for the renewable energy

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with the general news section begins with a brief update on the presidential primary races. Then, he talks about how some experts predict the next president could affect the chances of comprehensive tax reform. In the low-income housing tax credit section, he discusses the 2016 income limits and the amount of low-income housing tax credit authority each state will get. He also shares a milestone of HUD's Rental Assistance Demonstration or RAD program. In new markets tax credit news, he tells listeners how they can comment on regulation that requires banks to report community development investments to the OCC. In the historic tax credit section, he talks about two bills to authorize more funding for the Mississippi state historic tax credit program. And he closes out with renewable energy tax credit news, where he discusses how the renewable energy investment tax credit could affect the amount of energy storage in the United Sta

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides an update on the presidential primaries. Then, he touches on legislation that Congress has sent to the President, for his signature, that could affect the future of various spending and tax expenditure programs. Also, he shares where listeners can go to learn more about the Joint Committee on Taxation's (JCT's) estimates of President Obama's fiscal year 2017 tax proposals, and how the JCT estimates compare to projections previously prepared by the Office of Management and Budget. In the low-income housing tax credit section, he discusses one senator's campaign to expand the low-income housing tax credit allocation by 50 percent. He will also talk about another lawmaker's $13.3 billion proposal to fund programs that combat homelessness. After that, he shares news on how to comment on HUD's fair housing assessment tools. In new markets tax credit news, he talks about an IRS notice that

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with an update on the presidential primaries. Then, he touches briefly on a tax reform hearing scheduled for today in the House Ways and Means Tax Policy Subcommittee. After that, he discusses the IRS' plans to prioritize the guidance it will issue for 2016 and 2017. Then, he'll share news about a deadline extension to comment on the IRS' new partnership audit rules. In the low-income housing tax credit section, he discusses the course of action that the California Tax Credit Allocation Committee is considering to address over-allocation of its state low-income housing tax credits. In new markets tax credit news, he talks about the deadline extension to comment on the Capital Magnet Fund's interim rule. In the historic tax credit section, he'll have updates on a state historic tax credit program that has narrowly escaped being put on ice for two years. And he closes out with renewable energy tax credit news, where he discusses e

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides an update on the presidential primaries. Then, he covers what some Congress members are doing to promote funding for certain housing and economic development programs. In the low-income housing tax credit section, he discusses what one coalition of affordable housing investors had to say about Fannie Mae and Freddie Mac resuming low-income housing tax credit investments. He also talks about HUD's efforts to streamline administration of its multifamily programs. After that, he will give a reminder about an upcoming Real Estate Assessment Center deadline. In new markets tax credit news, he shares highlights from a speech delivered last week by CDFI Fund Director Annie Donovan and what she outlined as a framework for the future of CDFIs. Next, he shares how much funding will be available for the fiscal year 2016 round of the Capital Magnet Fund. In the historic tax credit section, he has

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off this week's podcast with the general news section, where he provides an update for listeners on the presidential primaries. He also discusses how the IRS's new partnership audit provisions could affect tax credit partnerships. In the low-income housing tax credit section, he shares what HUD Secretary Julian Castro had to say at a hearing last week about the president's proposed budget increase for HUD. Then, he discusses new regulations regarding utility allowance regulations and how property managers can make sure to remain in compliance. After that, he talks about an advocacy letter that urges lawmakers to expand the low-income housing tax credit. In new markets tax credit news, he provides the important details CDFIs need to know about the CDFI Fund's new annual certification report. He also shares the CDFI Fund's latest new markets tax credit qualified equity investment issuance report. Then in the historic tax credit sectio