Novogradac & Company Llp

Michael J. Novogradac, CPA, updates listeners on the budget and deficit talks taking place in Washington, D.C. and shares updates from several congressional hearings. Then he reviews the National Low Income Housing Coalition's annual Out of Reach report; HUD's new multifamily rental project closing documents; the impact of LIHTC financed developments on local schools; and two white papers released last week that detail Fannie Mae's support for the multifamily market. Then he discusses new statistics on Section 1603 renewable energy cash grants and changes being proposed by the Bureau of Land Management in an effort to facilitate renewable energy development on public lands. Next, he welcomes the new chief of the National Parks Service Technical Preservation Services office and reviews new guidance about how to make historic buildings more sustainable. Finally, he discusses the status of NMTC extension legislation; news that the New Markets Tax Credit Program was named one of the top 25 most innovative program