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In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares breaking news from the CDFI Fund on the 2020 New Markets Tax Credit notice of allocation availability. He then discusses the Continuing Appropriations Act of 2021 and Other Extensions Act'a tentative deal to keep the government funded through Dec. 11. Next, he discusses the 2020 Disasters Tax Relief Act, legislation introduced to increase low-income housing tax credits for certain disaster areas. Then, he shares highlights from "Blue Wave Effects: What a Democratic Sweep Could Mean for Affordable Housing, Community Development and Renewable," a Novogradac special report that covers what a Democratic sweep in the November election could mean for affordable housing, community development, renewable energy and historic preservation. Next, he discusses what historic preservationists should know about the final regulations for the federal historic tax credit. He wraps up with news of a new policy for qualified opportunity funds in Washin

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares an important update on funding negotiations in Washington to avoid a government shutdown. Then, he discusses an analysis that Novogradac performed on the Moving Forward Act'specifically, he talks about how the bill's housing-related provisions could affect affordable housing development and preservation. Next, he discusses the recently announced demand for the CDFI Fund's Capital Magnet Fund program for the fiscal year 2020 round. He then talks about the Increasing Opportunities for Small Businesses Act of 2020 (H.R. 8120), a new bill meant to help small business owners learn about using the opportunity zones incentive. He wraps up with discussion about the Hemp Opportunity Zones Act of 2020 (H.R. 8131), a proposed community development incentive modeled after opportunity zones.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, gives an update on primary election results of longtime community development tax credit champion: Rep. Richard Neal. Then, he discusses an announcement from the CDC that temporarily halts residential evictions through Dec. 31, 2020. Next, he briefly discusses a U.S. District Court ruling about the right of first refusal for a low-income housing tax credit property. He wraps up with a preview of a Novogradac special report about the upcoming presidential election and how the results could affect affordable housing, community development, renewable energy and historic preservation.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares a brief update on the next round of COVID-19 relief legislation. Then, he discusses a significant milestone for the Novogradac Opportunity Funds List concerning reported equity investment in opportunity funds. Next, he talks about what you need to know about fair market rents for fiscal year 2021, and he then outlines key considerations for low-income housing tax credit awardees. He wraps up with discussion of an announcement from the White House on an executive order meant to increase activity in opportunity zones.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a report from the White House Council of Economic Advisers on the economic impact of the opportunity zones incentive. Then, he talks about a U.S District Court ruling in Hawaii that addressed the ability of a state allocating agency to terminate extended-use agreements under the qualified contract process. Next, he shares updates on COVID-19 relief legislation in Congress, and discusses President Donald Trump's tax proposals if he is re-elected in November. He wraps up with discussion of low-income housing tax credit compliance issues that were not addressed in IRS Notice 2020-53.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares an update on negotiations over COVID-19 relief legislation, as well as how tax incentives fit into the discussion. Then, he talks about details of former Vice President Joe Biden's tax proposals, and what his proposals could mean for investments in tax incentives next year and beyond, if Biden wins this election. He wraps up with discussion of the latest qualified equity investment issuance report from the CDFI Fund, including the amount of new markets tax credit allocation authority that remains to be issued.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA talks about the status of COVID-19 relief legislation negotiations in Congress, and he discusses a set of COVID-19-related directives form the White House. Next, he discusses updates to the Paycheck Protection Program FAQ document from the Small Business Administration. Then, he shares some insights on how community development entities can begin preparing for the upcoming calendar-year 2020 new markets tax credits allocation round. He wraps up with brief news about a proposed CDFI national crisis fund, and a new requirement for multifamily property owners in forbearance who have mortgages backed by Fannie Mae and Freddie Mac.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses negotiations for the next round of COVID-19 relief legislation and the extension of the now-expired federal eviction moratorium and rental assistance. Then, he talks about coronavirus-related guidance from the IRS for the historic tax credit. Next, he discusses how the CDFI Fund plans to continue to handle COVID-19 relief guidance for the new markets tax credit. He also talks about presidential candidate Joe Biden's latest economic plan and what it says about the new markets tax credit and opportunity zones. He wraps up with a minibus appropriations bill for fiscal year 2021 passed in the House and news from HUD on how to access funding made available in the CARES Act earlier this year.

In this week's Tax Credit Tuesday, Michael J. Novogradac, CPA, discusses the COVID-19 relief package that was introduced by Senate Republicans called the HEALS Act and the provisions it contains for individuals, businesses and HUD housing. Then, he discusses housing goals for 2021 that were releases by the Federal Housing Finance Agency. Next, he shares news about the upcoming new markets tax credit allocation round and other insights from the Novogradac New Markets Tax Credit Virtual Conference. He wraps up with a HUD announcement about COVID-19 supplemental payments for project-based rental assistance properties, and an announcement from the CDFI Fund regarding its proposed changes to the annual certification and data collection report form and the certification transaction-level report for CDFIs.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses the 2019 new markets tax credit awards from the CDFI Fund. Then, he shares highlights from the Novogradac 2020 Opportunity Zones Virtual Conference, and he shares panel discussions from Novogradac's Affordable Housing Friday Forum. Next, he talks briefly about the Economic Justice Act'a legislative proposal that would create a minimum 4 percent low-income housing tax credit. He then shares highlights from the National Low-income Housing Coalition's 2020 Out of Reach report on housing affordability. He wraps up with updates from Louisiana regarding the state's new markets tax credit, historic tax credit and opportunity zones incentives.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses a proposal from presumptive Democratic nominee Joe Biden and Sen. Bernie Sanders to make significant investments in affordable housing, renewable energy and community development, which includes a recommendation to expand and make permanent the new markets tax credit. Then he shares highlights from the Novogradac Affordable Housing Friday Forum and panelists' discussion of debt and equity trends during the pandemic and the future of affordable housing in California. Next, he talks about nearly $76 billion in funding for fiscal year 2021 approved by the House Transportation-HUD Committee. He wraps up with updates on the extension and expansion of state historic tax credits in Mississippi and Delaware.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses IRS Notice 2020-53 that provides anticipated COVID-19 relief measures for low-income housing tax credit properties. Then, he talks about the Joint Committee on Taxation's scoring of provisions in the Moving Forward Act infrastructure legislation, which contains low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credit provisions. Next, he shares an update on the extension of the Paycheck Protection Program. He then discusses highlights from the New Markets Tax Credit Coalition's annual report on the NMTC. He wraps up with updates about funding for the Rhode Island state historic tax credit and the California low-income housing tax credit.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares highlights from the Affordable Housing Friday Forum on key low-income housing tax credit proposals that Congress may consider this year or next year, and he highlights how low-income housing tax credit investment can be affected by the Office of the Comptroller of the Currency's Community Reinvestment Act reform as well as the presidential election. Next, he talks about the recently introduced clean energy bill called the GREEN Act. Then, he shares good news about a final rule for implementing the Volcker Rule that would allow banks to invest in and sponsor qualified opportunity funds. Finally, he discusses an announcement from HUD on the release of its biennial report of worst-case housing needs.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses details of an infrastructure package that was introduced by House Democrats called The Moving Forward Act, which includes proposals to expand and enhance the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits. Then, he talks about two opportunity zones reports, one form the White House Opportunity and Revitalization Council and the other from the Urban Institute. Next he discusses a letter from nearly 180 House members seeking COVID-19 relief for renewable energy tax credit transactions. He then reviews extended low-income housing transaction deadlines in California, and shares details on how to apply for part of the $1 billion in federal disaster LIHTCs available in California. Finally, he shares a quick update on the status of the California state historic tax credit.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses recently released disaster relief guidance from the IRS for new markets tax credit transactions. The guidance extends deadlines for community development entities and qualified new markets tax credit businesses. Next, he discusses the California state budget proposal and investors' ability to claim the state low-income housing tax credit in California. Then, he shares news of the recently enacted South Carolina state low-income housing tax credit. He wraps up with discussion of proposals to extend other state credits in Louisiana and Mississippi.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares Notice 2020-39, an update about IRS disaster relief guidance for opportunity zones investors, funds and businesses. Then, he talks about HUD's Opportunity Zones Toolkit: Volume II, a guide to help local communities create opportunity zones plans. After that, he discusses provisions of the recently enacted Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010). He also shares an update on infrastructure legislation that may be a vehicle for affordable housing and community development provisions. He discusses potentially good news about California's state budget proposal in relation to California state low-income housing tax credits. He closes with highlights of the new Novogradac Rental Assistance Demonstration Handbook.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares an update about two extended continuity safe harbors for renewable energy investment tax credit and production tax credit properties affected by the COVID-19 pandemic. Then, he discusses an announcement from Treasury and the Small Business Administration to set aside funding from the Paycheck Protection program for CDFIs. Next, he talks about the Paycheck Protection Program Flexibility Act of 2020, legislation passed by the House that would provide substantial changes to the Paycheck Protection Program. He then talks about a letter sent from Reps. Terri Sewell and Tom Reed to the IRS requesting temporary suspension of debt modification rules for community development entities. He wraps up by discussing the 2020 funding round for the Capital Magnet Fund.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses the final rule amending Community Reinvestment Act Regulations that was released by the Office of the Comptroller of the Currency. Next, he talks about proposed regulations released by Treasury that clarify rules for the federal historic tax credit. He then discusses an outline of affordable housing policies that Sen. Ron Wyden of Oregon will push to be included in the next round of COVID-19 relief legislation. Finally, he talks about the Paycheck Protection Program Flexibility Act that was introduced in the House, and the Senate version of the bill: The Paycheck Protection Program Extension Act.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares findings from a Novogradac-NCSHA report that analyzes the impact of lowering the 50 percent test for 4 percent tax-exempt bond financed properties. Next, he discusses a few updates to the Paycheck Protection Program including loan forgiveness and increases in loan amounts. Then, he talks about provisions in the Health and Economic Recovery Omnibus Emergency Solutions, or HEROES Act. He then shares highlights from presidential candidate and presumptive democratic nominee Joe Biden's recently updated housing and community development plan. He closes out with news on the revised California state budget proposal and private activity bond application deadline extensions from the California Debt Limit Allocation Committee.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares important guidance and legislative updates regarding the Paycheck Protection Program. Next, he discusses the Emergency Rental Assistance and Rental Market Stabilization Act of 2020 that was introduced in the House and Senate, which creates a $100 billion emergency rental assistance fund. Then, he shares highlights from a Novogradac special report about the effect of the last national recession on low-income housing tax credit properties and what that historical data could suggest for future economic downturns. He then talks about challenges that the wind and solar industries are facing during the COVID-19 pandemic. He wraps up by announcing the Novogradac 2020 Opportunity Zones Virtual Conference and the Novogradac 2020 New Markets Tax Credit Virtual Conference.