Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the progress lawmakers have made in negotiating a fiscal year 2016 budget and when a final agreement can be expected. In the affordable housing section, he shares news about a hearing that was held by the House Committee on Financial Services last week and what witnesses had to say about the low-income housing tax credit. Then, he addresses question sent in by a Tax Credit Tuesday listener on how HUD views equity bridge loans that come from outside of the operating partnership. After that, he discusses a new bond program in California that could help build more affordable housing across the state. In the new markets tax credit news, he provides a cosponsor update on bills that would make the new markets tax credit a permanent part of the tax code. In the historic tax credit section, he talks about a court ruling in Rhode Island that underscores the importance of placed in service dates. In the renewable energy tax credit sectio