Novogradac & Company Llp

Michael J. Novogradac, CPA, reviews the joint committee hearing on the Volcker Rule and touches on two points of interest in the report released by the president's Council on Jobs and Competitiveness. He also previews President Obama's State of the Union address. Then, he discusses the state new markets tax credit proposed in Indiana. Next, he reviews the provisions of a bill that increase low-income housing tax credit caps in areas affected by Hurricane Irene or Tropical Storm Lee. He also discusses provisions of interest to the affordable housing community in New York Governor Andrew Cuomo's proposed budget for 2012-2013, and shares an update on affordable housing California as redevelopment agencies begin winding down operations. Then, he discusses the Real Estate Roundtable's amicus brief in the Historic Boardwalk Hall case. And finally he shares the findings of a report that found that the Department of Defense could generate 7,000 megawatts of solar energy on four of its military bases located in the Ca