Novogradac & Company Llp

Today is Tuesday, September 16th, 2008. This week we'll consider what we can expect from Congress in the coming weeks regarding tax credit extension legislation. We will also discuss the status of SB 585, a bill that would allow the California state housing tax credit to be bifurcated and sold separately from the federal housing tax credit.

Today is Tuesday, September 9th, 2008. This week we'll discuss the current status of NMTC applications and the expected award announcements. We will also share some updates on how state housing tax credit allocating agencies are implementing the LIHTC changes made by the Housing and Economic Recovery Act of 2008.

Today is Tuesday, September 2nd, 2008. This week we'll review the status of NMTC and energy tax credit extension legislation in advance of Congress returning from its August recess. We will also discuss the progress of the Midwest Disaster Relief bill that was awaiting consideration last month. Before we start our discussion of these bills, we have an update about a question that has been raised in the low-income housing tax credit community about the Housing and Economic Recovery Act of 2008.

Today is Tuesday, August 26th, 2008. This week we'll update listeners on the recent activities of the NMTC Working Group. We will also provide a profile a few of the panels that we have planned for the San Francisco LIHTC conference in early September. Finally, we'll highlight some of the provisions in the Economic and Tax Recovery Act of 2008 that are of interest to the historic tax credit community. Let's start this week's discussion with a report on the recent activities of the NMTC Working Group.

Today is Tuesday, August 19th, 2008. This week we'll review the updated NMTC regulations that the IRS released on August 8th. We'll also discuss the New Markets Tax Credit Coalition's 50 Projects - 50 States Project. Finally, we'll talk about a recent finance agreement in Puerto Rico that the Department of Housing and Urban Development (HUD) describes as the largest single equity investment in the 22-year history of the Low-Income Housing Tax Credit program. I also have a reminder for affordable housing professionals who want to learn more about the impact of the momentous housing stimulus legislation that was enacted into law last month.

Today is Tuesday, August 12th, 2008. This week we'll review policy changes that state housing finance agencies are making following the enactment of the Housing and Economic Recovery Act of 2008. We will also discuss the renewed focus on energy in Congress and what it means for renewable energy tax credits. Before we start today's discussion, we have breaking news about the new market tax credit program. Last week the IRS issued the long awaited proposed amendments to the NMTC regulations. The amendments revise and clarify certain rules relating to recapture of the new markets tax credit. It also covers certain situations where you can now clearly rely on the reasonable expectations test. We will discuss them in more detail in next week's podcast.

Today is Tuesday, August 5th, 2008. This week we will discuss the tax extender legislation that would renew the new markets tax credit and the renewable energy tax credits.' Then, we will review the final rule released last week by the IRS regarding utility allowances in low-income housing tax credit properties. We also have news about investigations of Colorado's conservation easement tax credit program.'

Today is Tuesday, August 5th, 2008. This week we will discuss the tax extender legislation that would renew the new markets tax credit and the renewable energy tax credits. Then, we will review the final rule released last week by the IRS regarding utility allowances in low-income housing tax credit properties. We also have news about investigations of Colorado's conservation easement tax credit program. Before we address today's topics, however, we'd like to invite you to sign up for a webinar that Novogradac & Company will host next week.

Today is Tuesday July 22nd, 2008. This week we will discuss the latest legislative wrangling surrounding the tax extenders legislation. But first, let's start our discussion with an update on the housing stimulus bill.

Today is Tuesday July 15th, 2008. This week we will discuss the status of the housing stimulus legislation being considered in Congress. We will also examine the provisions of a tax relief measure designed to help Midwestern states that have been ravaged this year by floods and severe storms. Let's start this week's discussion with an update on the housing stimulus bill.

Today is Tuesday July 8th, 2008 and this week we will discuss affordable housing news from California as well as historic tax credit news from New York. We'll also provide the latest news about disaster relief being provided by the Internal Revenue Service for victims of the severe storms and flooding in the Midwest. But first, breaking news on the housing stimulus bill.

Today is Tuesday, July 1st, 2008 and this week we will discuss the highlights from the National Council of State Housing Agencies' tax credit conference held in Miami last week. We also have updates on the ongoing legislative efforts to enhance the low-income housing tax credit and to extend certain energy tax credits.

Today is June 24th, 2008 and this week we will discuss highlights from Novogradac New Markets Tax Credit Conference that was held in Washington, D.C. a week and a half ago. We will also explain how to nominate individuals or investments for the Community Development Awards that the Novogradac Community Foundation will present this fall.

Today is June 17th, 2008 and this week we will discuss the Affordable Housing Tax Credit Awards for Excellence that were presented in Washington DC last week. We will also share news from the American Wind Energy Association conference earlier this month. We had also originally planned to discuss last week's Novogradac New Markets Tax Credit Conference, but we postponed that discussion until next week's podcast.

Today is June 10th, 2008 and this week we will discuss Steve Preston's confirmation as the new HUD Secretary and share highlights of the Senate Banking committee hearing regarding his nomination. We also have an update for listeners about the latest developments in the effort to re-open Ohio's historic tax credit program.

Today is June 3rd, 2008 and this week we will discuss legislation introduced in Congress that would allow more lowincome members of the armed forces to qualify to live in tax credit financed rental housing. We will also examine changes to the state historic tax credit program approved recently in Georgia, and we'll discuss American Samoa's first steps toward participation in the federal low-income housing tax credit program. Finally, we'll share some statistics on the audit status of the new market tax credit program.

Today is May 27th, 2008 and this week we will review a recent ruling from the IRS that provides guidance on structuring renewable energy tax credit transactions. But first, let's discuss the current status of the housing stimulus bill and the tax extender legislation, both of which are making their way through Congress.

This week we will review key points of HUD's 2008 Super NOFA. But first, let's discuss the progress that tax extender and housing stimulus legislation are making in Congress.

Today is May 13th, 2008 and this week we will discuss the challenges of preparing market studies in light of the HUD AMGI revisions. We'll also update you on the status of legislation introduced in California to allow the California state housing tax credit to be bifurcated from the federal low-income housing tax credit. Also, as a reminder, it is not too late to register for our New Orleans conference. We have a Washington Wire panel where we will discuss the details of the LIHTC modernization bill, which is the most significant LIHTC legislation in nearly a decade. I hope to see you there, the conference is later this week.

This week we will share an update on the recent activity of the New Market Tax Credit Technical Working Group. We will also review the bonus depreciation provisions included in the Senate's Foreclosure Prevention Act.