Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses President Obama's official nomination of Shaun Donovan to lead the Office of Management and Budget and Julian Castro to lead the U.S. Department of Housing and Urban Development; he also provides an update on the EXPIRE Act. In new markets tax credit news, he shares the names of five new cosponsors for the New Markets Tax Credit Extension Act, testimony on the president's proposed budget for the Community Development Financial Institutions Fund and the name of a new qualified issuer for the CDFI Bond Guarantee program. In this week's lowincome housing tax credit section, he summarizes legislation introduced that would create a permanent tax rate floor for both the 9 percent and 4 percent low-income housing tax credits, and discusses fiscal year 2015 funding for rural housing and the Department of Housing and Urban Development, and an increase in compliance fees in Louisiana. In historic tax credit news, he shares a report that su