Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses renewable energy with Novogradac renewable energy incentive expert, Tony Grappone, CPA. They discuss the state of the renewable energy community including debt and equity updates. Next, they talk about renewable energy tax credit transaction structure trends and the advantages of each structure. They wrap up with an overview of key renewable energy tax incentives that were extended in December, extended investment tax credit (ITC) and production tax credit (PTC) deadlines and the GREEN Act.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the $25 billion Emergency Rental Assistance program with Novogradac multifamily compliance program experts, Mark Shelburne and Stephanie Naquin. They discuss: The genesis of the federal Emergency Rental Assistance program The role of Treasury in getting the dollars out to state and local agencies The role of state and local agencies in distributing the funds How property owners can apply on behalf of tenants Which rental expenses qualify for reimbursement

In this week's Tax Credit Tuesday podcast on social impact, Michael J. Novogradac, CPA, is joined by Amy Hook, Novogradac's chief social impact officer. They discuss why social impact matters and how organizations can rethink and measure their effects on the planet and the people who live on it. They dive into specific social impact opportunities and considerations for those who work in affordable housing, community development, historic preservation and renewable energy.

In this week's Tax Credit Tuesday podcast on opportunity zones updates, Michael J. Novogradac, CPA, is joined by John Sciarretti, partner in Novogradac's Dover, Ohio, office. They start by discussing IRS guidance concerning several deadlines for qualified opportunity funds and other opportunity zones (OZ) stakeholders. Next, they talk about what stakeholders should know about the guidance as well as areas that need further clarification. Then, they share insight into what to expect from the Biden administration concerning opportunity zones, and they discuss a special Novogradac report that will be releasing soon on opportunity funds. They wrap up with discussion of the Novogradac Opportunity Zones Conference in April.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, is joined by Megan Murphy, a principal in Novogradac's Philadelphia metro office. They discuss additional funding for the Paycheck Protection Program (PPP) that was authorized by Congress. They share insight about who is eligible for a PPP loan, what expenses are eligible and how loan amounts are calculated. Next, they discuss PPP loan forgiveness and what small businesses should take into consideration when preparing a PPP loan application. They wrap up with discussion of tax considerations for small businesses that receive a PPP loan.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, is joined by Nicolo Pinoli, CPA, and partner in Novogradac's Portland, Oregon, office. They start by discussing the recent five-year extension of the new markets tax credit, and how various factors can affect NMTC investment, such as Biden administration priorities and Community Reinvestment Act regulations. Next, they share insight into how industry participants are responding to the COVID-19 pandemic challenges. They wrap up with discussion of what community development entities can be doing now to prepare for the 2020 new markets tax credit awards announcement expected this summer and the opening of the 2021 allocation round.

On this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, is joined by Rich Larsen, CPA, a partner in Novogradac's Toms River, New Jersey, office. They discuss how public housing authorities (PHAs) are being affected by the COVID-19 pandemic including challenges, innovations and how they're handling inspections and other compliance issues. Then, they talk about the CDC's rental eviction moratorium and how that has affected property owners and tenants. Next, they share insight into concerns affordable housing advocates have about the eviction moratorium. They then discuss issues PHAs will face in 2021 and what PHAs can do now to prepare for the years ahead. Next, they talk about trends and changes that are particular to 2020, and what PHAs should consider when looking into RAD. They wrap up with insight into the 2021 edition of the RAD Handbook, the upcoming Novogradac 2021 RAD Public Housing Virtual Conference and the January public housing authorities issue of the Novogradac Journal of Tax Credi

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss the $1.4 trillion omnibus fiscal year 2021 spending bill, which includes a permanent minimum 4% low-income housing tax credit (LIHTC) rate, a five-year extension of the new markets tax credit (NMTC) and an extension of phase-down provisions for the renewable energy investment tax credit (ITC) and production tax credit (PTC). They also discuss the $900 billion COVID-19 relief bill, which includes $25 billion in emergency rental assistance and an extension of the Center for Disease Control's federal eviction moratorium through Jan. 31, 2021. The year-end omnibus legislation will permanently establish the 4% minimum LIHTC rate and include a $1.1 billion allocation of disaster LIHTCs for 11 states and Puerto Rico. The legislation will extend the NMTC'which is currently set to expire with the calendar-year 2020 round'through the calendar-year 2025 roun

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss year-end legislation in Congress, including a continuing resolution to fund the government into 2021 and a potential COVID-19 relief bill. They start by discussing the chances for provisions to extend or expand community development tax incentives to be included in continuing resolution legislation. Then, they talk about highlights of the latest proposed COVID-19 relief bill and the chances of community development and affordable housing provisions being attached to it. Next, they share insight into President-elect Biden's nominations to lead the Treasury and U.S. Department of Housing and Urban Development. They wrap up by discussing what to look out for in the weeks leading up to inauguration day for President-elect Joe Biden.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses what you need to know about national and state median income estimates for 2021 and 2022. He is joined by Thomas Stagg, CPA, and partner in Novogradac's metro Seattle office. They start by sharing background information on median income and income limits, how they're calculated and what they're used for. Then, they talk about estimates for how median incomes and income limits will change in 2021 and 2022, and if there will be any significant changes because of the pandemic. Next, they discuss how median incomes and income limits might change in 2023. They also cover how changes in median income and income limits due to the pandemic and related recession compare to changes caused by the Great Recession in 2008. Next, they discuss what developers, owners and investors should be doing to prepare for the potential changes in median incomes and income limits. They wrap up by discussing the gross rent floor and net rents and how they in

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA talks about trends related to multifamily rental housing property valuation, affordable housing needs and more. He is joined by Blair Kincer, MAI, CRE, a partner in Novogradac's Washington, D.C., office. They start by discussing how affordable multifamily housing valuation has looked in 2020 and whether the pandemic is affecting where people want to, or can, live. Then, Blair shares insight from a recent Notes from Novogradac blog post on how market-rate rents are faring compared to affordable housing rents. Next, they talk about state-led efforts to address affordable housing challenges during the pandemic. They wrap up with discussion of the Novogradac 2020 Multifamily Rental Housing Operating Expense Report and what affordable housing property investors, developers and managers can do to prepare meet affordable housing needs in the year ahead.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac discusses the state of the low-income housing tax credit, including the effects of the COVID-19 pandemic. He is joined by Jeff Nishita, CPA, a partner in Novogradac's San Francisco office. They look back on 2020 and look ahead to 2021 for the LIHTC, including the pandemic, Community Reinvestment Act reform, appetite for the credit and more. They also talk about what the LIHTC Working Group did in 2020 and what it will be focused on for 2021. They wrap up with a look ahead to the Novogradac 2020 Tax Credit Housing Finance Virtual Conference, including session topics and two keynote speakers.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac discusses proposed regulations from the IRS concerning the average income test for low-income housing tax credit properties. He is joined by Thomas Stagg, CPA and partner in Novogradac's Bellevue, Wash., office; Stephanie Naquin, who is a multifamily compliance consultant, based in Novogradac's Austin, Texas, office; and Mark Shelburne, a Novogradac housing policy consultant who is based in Raleigh, N.C. The four of them discuss the average income set-aside, specific changes the IRS is proposing for the average-income test and how those changes might impact developments that use the average income structure. They wrap up by sharing what property owners should be doing now and considerations for the proposed regulation.

In this week's continuation of the special 2020 Election Results Edition of Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss additional observations from the results of the 2020 presidential election, as well as key results in House and Senate races. They talk about how President-elect Biden's cabinet appointments might be affected by a Republican or Democrat controlled Senate. Then, they share insight into some key legislative proposals that are on the table during the lame-duck session, and which ones could be used as a vehicle for community development incentives. They wrap up by discussing Biden's legislative community development priorities, and what a Biden presidency could mean for Community Reinvestment Act reform and the future of Fannie Mae and Freddie Mac.

In this week's special 2020 Election Results Edition of Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss what we know so far about the 2020 election, including the race between President Donald Trump and former Vice President Joe Biden to 270 electoral votes for the presidency, and insight on some key races for seats in the U.S. House and Senate. They also talk about some of the surprises of the 2020 election results. They wrap up by talking about how the election results might affect community development legislation in the upcoming lame duck session.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on COVID-19 stimulus negotiations, and shares highlights from the Novogradac 2020 Opportunity Zones Fall Virtual Conference. Then, he outlines an important update about how to calculate each state's low-income housing tax credit and private activity bond ceilings for 2021, and he discusses what you should know about the difficult development areas and qualified census tracts for 2021. Next, he talks about updates to the 2020 new markets tax credit allocation application, and he shares some state level news about S.B. 14'the bill in Louisiana that makes businesses affected by Hurricane Laura eligible for the state new markets tax credit. Finally, he talks about a proposed state low-income housing tax credit (S.B. 30) in Louisiana.

In this week's Tax Credit Tuesday, Michael J. Novogradac, CPA, shares an update on the continued stalemate regarding COVID-19 relief legislation. Next, he shares highlights from the most recent Novogradac Opportunity Zones Working Group comment letter on the 2020-2021 priority guidance plans and ways the IRS can clarify grey areas in opportunity zones regulations. Then, he shares what qualified opportunity funds need to know about the draft Form 8997. Next, he discusses the Federal Reserve Board's advance notice of proposed rulemaking for Community Reinvestment Act regulation changes. He wraps up with discussion of the Energy Opportunity Zones Act of 2020 (H.R. 8530), a proposal that would extend the renewable energy production tax credit and investment tax credit through the year 2050 for certain areas.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on COVID-19 relief legislation negotiations. Then, he discusses a few highlights from the 2020 vice presidential debate related to housing and renewable energy. Next, he talks about the Support Allowing Volume Exception for Federally Assisted Housing Act (H.R. 8533)'a legislative proposal that could greatly assist affordable housing and preservation. He then discusses a Novogradac blog post that analyzes what additional housing financing through the Moving Forward Act (H.R. 2) could mean for each state. He wraps up with news from HUD and what public housing authorities should know about proposed regulation changes for the Housing Opportunity Through Modernization Act of 2016.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides details of the continuing resolution that keeps the federal government funded through Dec. 11, 2020. Then, he discusses last week's presidential debate between President Trump and former Vice President Joe Biden in the context of affordable housing and community development. Next, he shares highlights from the Novogradac 2020 Credit and Bond Financing for Affordable Housing Virtual Conference, and discusses the recent announcement from the IRS on this year's national pool for low-income housing tax credits. Then, he discusses details from a report by the Federal Housing Finance Agency that illustrates the importance of the low-income housing tax credits, and he talks about a bipartisan letter from the House ways and Means Committee urging the CDFI Fund to ensure Native communities can access the new markets tax credit. He wraps up with discussion of the CDFI Fund's recent approval of a $100 million guarantee under the CDFI Bond Gu

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the upcoming presidential debate and what Novogradac will be looking for as far as discussion of community development and affordable housing. Next, he discusses the status of federal funding negotiations to keep the entire federal government open until Dec. 11 of this year. Then, he shares highlights from the Novogradac 2020 Historic Tax Credit Virtual Conference, including insights on how the pandemic is affecting the renovation of historic properties. He then discusses the recently announced designations for difficult development areas and qualified census tracts for 2021. He wraps ups with a preview of Novogradac's annual operating expenses report and an announcement about funding for the state low-income housing tax credit in Missouri.