Novogradac & Company Llp

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses the Louisiana Flood and Storm Devastation Tax Relief Act of 2016 (H.R. 6137). In the low-income housing tax credit section, he discusses the Middle-Income Housing Tax Credit Act of 2016 (S. 3384), a bill that would create the middle-income version of the low-income housing tax credit. After that, he shares an update on Inclusive Communities Project Inc. v. the Texas Department of Housing and Community Affairs, a fair housing case that could change how state agencies across the country allocate low-income housing tax credits. Then, he provides a brief reminder of upcoming HUD deadlines for closing mixed-finance transactions before the end of the year. After that, he talks about a new progress report from HUD on its Rental Assistance Demonstration or RAD program. Then he rounds out the housing section with state news from Nebraska, where the state allocating agency said it would delay p