Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins the general news section by sharing two bills that could affect how the federal government will deal with the debt ceiling and other federal obligations. He also talks about the status of tax extenders in Congress and what a group of more than 2,000 organizations had to say about tax extenders and economic growth. In the affordable housing section, he discusses a report from the Congressional Budget Office on federal housing assistance programs and a range of options on how they can be changed or eliminated. Then, he talks about HUD's new capital fund guidebook and how it can be useful for public housing authorities and HUD field offices. He also has a reminder about how listeners can nominate their favorite affordable housing developments for the Novogradac Developments of Distinction Awards. In new markets tax credit news, he addresses a new rule in Maine that prevents the state new markets tax credit from using one-day bridge loa