Novogradac & Company Llp

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he provides an update on Dr. Ben Carson's likelihood of becoming the next Secretary of the U.S. Department of Housing and Urban Development. He also talks about what congressional leaders are planning to do to keep the government funded past the Dec. 9 expiration of stopgap funding. In low-income housing tax credit news, he talks about the effect that the talk of the possibility of corporate tax reform is having on the current investment interest of many LIHTC corporate investors. He also discusses a GAO report on the role that Fannie Mae and Freddie Mac should play in housing finance. In new markets tax credit news, he shares a quick update for awardees of the 2015-2016 new markets tax credit allocation round about when they can expect to close allocation agreements. Then, he discusses a new bill that would create a new markets tax credit allocation set-aside for investments in low-income co