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In this week's Tax Credit Tuesday, Michael J. Novogradac CPA, shares updates on guidance from the Internal Revenue Service relating to the review and certification of Paycheck Protection Program loans. Then, he shares an exciting announcement about a Novogradac Opportunity Funds Listing milestone for funds raised. Next, he discusses Revenue Procedure 2020-21 and IRS Notice 2020-25 which give temporary guidance for the use of private activity bonds, and he discusses some affordable housing updates related to private activity bonds and the 4 percent low-income housing tax credit. He then talks about a letter sent to Treasury by nine Republican senators urging Treasury to provide relief for opportunity zones in the wake of COVID-19, and he discusses details of a letter sent by the Novogradac New Markets Tax Credit Working Group to Treasury and the CDFI Fund to issue guidance and postpone certain deadlines due to the pandemic. Next, he discusses IRS Revenue Procedure 2020-29 which temporarily allows taxpayers to

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA covers the recently enacted Paycheck Protection Program and Health Care Enhancement Act. Then, he discusses future COVID-19 relief legislation that may include provisions of the Affordable Housing Credit Improvement Act, the HTC-GO Act and an increase in the federal historic tax credit percentage. He wraps up with news of a forthcoming update to the Novogradac Opportunity Funds Listing.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, gives an update on COVID-19 relief legislation including proposals for additional funding for the Small Business Association's Paycheck Protection Program, establishing a minimum 4 percent floor for the low-income housing tax credit and a reduction of the 50 percent test. Then he talks about the introduced Opportunity Zone Extension Act (H.R. 6513).' He also discusses low-income housing tax credit deadline extensions that were included in IRS Notice 2020-23. He wraps up by discussing two mortgagee letters from HUD that provide guidance on certain FHA and HUD 223(f) loans.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA continues coverage of responses to the COVID-19 pandemic. He discusses proposed relief legislation and future phases of COVID-19 relief legislation. Next, he discusses Notice 2020-23 from the IRS which, among other provisions, extends the 180-day deadline to invest capital gains in qualified opportunity funds. He then talks about IRS Revenue Procedure 2020-23 that allows partnership tax returns from 2018, and some from 2019, to be amended because of certain changes that were included in the CARES Act. Then, he discusses a letter from the Novogradac Opportunity Zones Working Group that was sent to Treasury and the IRS requesting relief from certain opportunity zones deadlines. He also talks about highlights from comment letters sent by three Novogradac Working Groups to the OCC and FDIC on proposed CRA changes. He wraps up with discussion of deadline extensions from the CDFI Fund, the California Tax Credit Allocation Committee, and the India

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses next steps for a fourth phase of COVID-19 relief legislation and what provisions could be included. Next he discusses the challenges that the COVID-19 pandemic is bringing to the affordable rental housing community, including low-income housing tax credit financed housing. Then, he talks about the HUD income limits for 2020 that were released and the impact that the COVID-19 pandemic will have on future income limits. Finally, he discusses a notice from the IRS with corrections to the final opportunity zones regulations that were published in January.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA outlines provisions of the recently passed Coronavirus Aid, Relief and Economic Security, or CARES, Act. Then, he discusses how the COVID-19 pandemic could affect future HUD income limits. He wraps up with news from USDA Rural Development on changes to single-family and multifamily housing related to the COVID-19 pandemic.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA outlines several COVID-19 relief legislation packages including the recently enacted Families First Coronavirus Response Act (H.R. 6201). He also discusses several proposed bills, including the Coronavirus Aid, Relief and Economic Security Act, or CARES Act (S. 3548), a draft bill from House Speaker Nancy Pelosi and the Financial Protections and Assistance for America's Consumers, States, Businesses and Vulnerable Populations Act (H.R. 6321) that was introduced by House Financial Services Committee Chairwoman Maxine Waters. Then, he discusses the extension of the tax filing and payment deadlines from the IRS, and investment expansion authorizations from the FHFA and the Federal Reserve. Next he discusses how certain lending activities related to COVID-19 would receive positive Community Reinvestment Act consideration. He also talks about announcements from HUD and the FHFA that would suspend evictions and foreclosures for certain housing an

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, talks about federal coronavirus relief legislation and how housing and community development could play a role in those initiatives. He also discusses what coronavirus resources and relief may be available for various tax credit communities. He closes out with an update from the Federal Housing Financing Agency on its evaluation of Fannie Mae and Freddie Mac's duty to serve requirements, as well as an update on the Affordable Housing Credit Improvement Act (H.R. 3077) and the Revitalizing Economies, Housing and Businesses Act (H.R. 6175).

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, talks about low-income housing tax credit and private activity bond allocation limits in 2020. Then, he shares an update on cosponsors for the Affordable Housing Credit Improvement Act, and discusses an energy extenders amendment to the American Energy Innovation Act introduced by Senate Finance Committee Ranking Member Ron Wyden. Next, he talks about a recommendation from the California Tax Credit Allocation Committee that all developers applying for 4 percent low-income housing tax credits apply now for tax-exempt bonds. He then discusses a California Assembly Bill that would create a state-level new markets tax credit incentive. He closes with an update about the enactment of a Wisconsin state-level opportunity zones bill that doubles the capital gains exclusion for Wisconsin qualified opportunity funds.'

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the fiscal year 2019 Capital Magnet Fund Awards and how to prepare for the fiscal year 2020 round. Then, he talks about the notice of funding availability for the CDFI program and the Native American CDFI Assistance program. He wraps up with news on updated guidance from HUD on how to layer subsidies for project-based voucher properties.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA talks about when he expects HUD's 2020 income limits to be released and what can be expected from the updated figures. Next, he shares news of the comment period extension for proposed CRA regulations, and discusses the enactment of a state LIHTC program in Maine. Finally, he discusses legislation in Connecticut that would expand the state's workforce housing program to include opportunity zones, and he shares an update on Wisconsin opportunity zones legislation that is waiting to be signed by the Gov. Tony Evers.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses more details on the Trump administration's fiscal year 2021 budget request and how the request could affect affordable housing and community development. Next, he talks about mention of the low-income housing tax credit during a Senate Finance Committee hearing on the president's budget request. Then, he shares an announcement on HUD's capital fund program and a letter from Senate Finance Committee Chairman Chuck Grassley on renewable energy tax credit incentives. He closes with state-level opportunity zones legislation that was introduced in Utah and Illinois.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac CPA, talks about key points from the Trump Administration's budget proposal. Specifically, he talks about what the budget proposes for affordable and public housing funding. Next, he talks about President Trump's mention of opportunity zones in the State of the Union address. He then discusses a public housing hearing held by the House Financial Services subcommittee on Housing, Community Development and Insurance. He also shares an update on the Puerto Rico emergency supplemental appropriations bill that was passed by the House of Representatives, and he shares an update on final versions of Form 8996 and 8997 that were released by the IRS. Then, he talks about a report released by Rep. Earl Blumenauer and six of his colleagues that calls for an increase in affordable housing funding. Finally, he discusses legislation that was introduced in Kentucky and Maryland to create state LIHTC programs, and a ruling in Alabama to take into account extend

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac CPA, discusses an infrastructure plan that was released by House Ways and Means Democrats called Moving Forward. Next, he discusses an emergency supplemental appropriations bill that would provide additional appropriations to Puerto Rico to help rebuild after recent earthquakes. He then shares an update on CRA reform and discusses key details from a hearing held by the House Financial Services Committee on proposed CRA regulations released by the OCC and FDIC. He also talks about guidance released by the IRS that clarifies how to determine income limits in the average income test for low-income housing tax credit properties. Then, he shares some highlights from the Novogradac 2020 New Markets Tax Credits Conference, and finally, talks about draft opportunity zone regulations that were released by the Puerto Rico Department of Economic Development and Commerce.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac CPA, talks about plans to move forward with federal infrastructure proposals. He also talks about Sen. Tim Scott, S.C., exploring the idea of introducing legislation that would allow governors to reconsider some of their opportunity zones designations. Then he talks about a recent development in CRA reform and what to expect from the OCC and FDIC in the coming weeks. Next, he talks about state level news including a ruling from a state trial court in New York about low-income housing tax credit partnerships, and legislation from Hawaii that would make the state's low-income housing tax credit program permanent. He also discusses a private letter ruling from Colorado on partnerships pursuing the state low-income housing tax credit. Finally, he shares news of legislation introduced in Hawaii that would ensure the 35 percent renewable energy credit regardless of any future amendments to state law.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses updates for the recently released draft Forms 8996 and 8997 and their instructions. Next he talks about the INVEST Act, a bill that would set aside 10 percent of the new markets tax credit allocation for Indian and native lands. He then shares insight into the latest QEI report for new markets tax credit investments, and talks about the introduced Fulfilling the Promise of the Housing Trust Fund Act. He also talks about the web-based mapping tool that was announced by the U.S. Economic Development Administration. Finally, he discusses state-level news regarding opportunity zones, historic tax credits, low-income housing tax credits and renewable energy.'

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, shares the latest update on the Novogradac Opportunity Funds listing. Then, he discusses tax incentive legislation in the House and Senate and co-sponsors for each bill. Next, he shares highlights from the Novogradac 2020 RAD Public Housing Conference last week in Ft. Lauderdale, Fla. He also discusses proposed Community Reinvestment Act regulations released by the OCC and FDIC. He then discusses HUD's proposed update for the Affirmatively Furthering Fair Housing rule as well as HUD's homeless assessment report that was released last week. Finally, he shares an update on the Energy Sector Innovation Act of 2019 that was introduced by Rep. Tom Reed, and an update from the Department of Transportation on the interactive opportunity zones map it released.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, shares information on final regulations for opportunity zones that were released by the Treasury Department at the end of 2019, and what those regulations mean for opportunity fund investments. Next, he talks about tax extenders that were passed at the end of 2019, including the extension or increase of several tax incentives. Then he discusses a proposal released by HUD to expand the information it collects for project-based vouchers. Finally, he shares that the California Debt Limit Allocation Committee voted to allocate a majority of the state's private activity bonds to multifamily affordable rental housing.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, shares breaking news on government funding bills that were introduced in the House that include extensions of the new markets tax credit, wind production tax credit and a disaster allocation of California low-income housing tax credits. Next, he discusses proposed Community Reinvestment Act regulations that were introduced last week. Then he talks about a HUD notice announcing fiscal year 2020 annual adjustment factors for the Section 8 housing assistance payments program and the Eviction Crisis Act. Finally, he talks about a memo that was released by California TCAC clarifying requirements for the use of a low-income unit for a property manager in a low-income housing development.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks about what to expect from opportunity zones guidance submitted by the Treasury Department to the Office of Information and Regulatory Affairs. Then, he discusses the opportunity zones reporting bill, or the IMPACT Act, that was introduced last week. Next, he provides an update on the Novogradac Opportunity Funds Listing, and recaps some important highlights of the Novogradac 2019 Tax Credit Housing Finance Conference. He also discusses potential year-end tax deals to expect as the government approaches another funding deadline, and talks about final regulations for BEAT that were released by the IRS last week. In other news, he talks about the Renewable Energy Investment Act of 2019 that was introduced in the House, and shares that the U.S. Department of Education will be giving priority to grant applications that propose to serve opportunity zones. Finally, he talks about the application for the Multifamily Coal Trust Homes Program