Novogradac & Company Llp

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section where he discusses what lawmakers did to avoid a federal government shutdown last week and what unfinished business they'll have to address when they reconvene after the election. In the low-income housing tax credit section, he discusses HUD's invitation for comments on closing documents for its Rental Assistance Demonstration or RAD program. Then, he shares updated ACTION Campaign state and district fact sheets that illustrate what the low-income housing tax credit has accomplished in each state and district. After that, he talks about the Emergency East Chicago Relief Act of 2016 (H.R. 6166), a bill that would temporarily increase the low-income housing tax credit allocation in Indiana. Then, he provides an update on a California A.B. 1920, which will give the California Tax Credit Allocation Committee (TCAC) the power to enforce fines for compliance violations. In new markets tax credit news, he discusse