Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the members appointed to the Joint Select Committee on Deficit Reduction, and an update on the ongoing discussions about tax reform. Then, he discusses the IRS's updated procedures and resources for its Tax Exempt Bond Voluntary Closing Agreement Program, and the invitation for public input on new options for selling single-family real estate owned properties held by Fannie Mae and Freddie Mac and the Federal Housing Administration. He also shares two state-level updates: one about redevelopment agencies in California and another about the new Louisiana Housing Corporation. He also discusses the CDFI Fund's Health Food Financing Initiative; applications for Maryland's state historic preservation tax credit; and the formation of a task force that will serve as the central managing office for the development of large-scale renewable energy projects for the United States Army.