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In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about President Donald Trump's first address to a joint session of Congress. He then discusses the recent confirmation of Ben Carson as Secretary of the U.S. Department of Housing and Urban Development (HUD). In the low-income housing tax credit (LIHTC) section, he outlines the Affordable Housing Credit Improvement Act. He also discusses in detail what IRS resident population estimates mean for states' low-income housing tax credit and tax-exempt private activity bond ceilings. Then, he shares a GAO report, "Low-Income Housing Tax Credit: The Role of Syndicators." After that, he discusses Minnesota SF 1181, a bill to create a Minnesota state low-income housing tax credit. In historic tax credit news, he talks about Alabama H.B. 345 and S.B. 262, legislation to reinstate the Alabama state historic tax credit. He closes out with renewable energy tax credit news, where he discusses Mary

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about Treasury Secretary Steve Mnuchin's tax reform timeline. He also discusses when the House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (T-HUD) may consider a new fiscal year 2017 spending bill. In low-income housing tax credit news, he talks about the recently released 2017 calendar year resident population figures. He also discusses a sign-on letter from the Affordable Rental Housing ACTION Campaign. Then he details the Housing for Homeless Students Act of 2017. In new markets tax credit news, he discusses a CDFI Coalition and NMTC Coalition advocacy letter sent to Mnuchin. Then, he summarizes the latest qualified equity investment (QEI) issuance report. After that, he shares CDFI Bond Guarantee program deadlines. He closes with historic tax credit news, where he talks about West Virginia's H.B. 2545, which would increase the

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the recent confirmation of new Treasury Secretary Steve Mnuchin and what some of the priority items are on his to-do list. He also discusses the House Ways and Means Committee's newest member, Mike Bishop. In low-income housing tax credit news, he shares information on the Common Sense Housing Investment Act of 2017, a bill that would reduce the mortgage interest deduction and increase funding for affordable housing. He also discusses public comments on IRS Notice 2016-77. Then he provides details about an upcoming conference call to discuss certificating California state low-income housing tax credits. In new markets tax credit news, he discusses the New Markets Tax Credit Extension Act of 2017, a long-awaited bill to expand and make permanent the federal new markets tax credit. In addition, he outlines a bill to create a state new markets tax credit in Minnesota. He closes ou

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about the appointment of California Democrat Judy Chu to the House Ways and Means Committee. He also provides an update on when there might be tax reform. In low-income housing tax credit news, he has two announcements from the California Tax Credit Allocation Committee. One is an update to the state's proposed hybrid 9 percent-4 percent low-income housing tax credit. The other announcement is a reminder about the tenant demographic data collection deadline for all low-income housing tax credit properties in California. In new markets tax credit news, he discusses updates to the CDFI Fund's new markets tax credit certification, compliance monitoring and evaluation FAQs. He also shares some highlights from the CDFI Fund's fiscal year 2016 in review. He closes out with the historic tax credit section, where he discusses Virginia bill S.B. 1034, legislation that could create a cap on the amount

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the confirmation status of Treasury Secretary nominee Steve Mnuchin. He also discusses congressional support for keeping the tax-exempt status of municipal bonds. Then, he discusses the Joint Committee on Taxation's estimates of expenditures for fiscal years, 2016-2020'including estimates for the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits. In low-income housing tax credit news, he shares information about Utah H.B. 36, a bill that would nearly triple Utah's state low-income housing tax credit annual program cap. In new markets tax credit news, he talks about the Investing in Opportunity Act, a bill reintroduced in Congress that would allow taxpayers to defer capital gains taxes on investments in opportunity zones. He also tells listeners about two reports on native communities and their access to capital and credi

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about what Treasury Secretary nominee Steven Mnuchin said about tax credits in his written response to questions from members of the Senate Finance Committee. He also has an update on the confirmation of Dr. Ben Carson as Secretary of the Department of Housing and Urban Development. Then he shares news about House Ways and Means Committee member Rep. Lynn Jenkins, R-Kan., and her 'announced plans to retire after the 115th Congress. In low-income housing tax credit news, he discusses an unusual hybrid 4 percent- 9 percent low-income housing tax credit plan proposed by the California Tax Credit Allocation Committee as a response to a disrupted low-income housing tax credit equity market. In new markets tax credit news, he talks about a deadline extension to sign the New Markets Tax Credit Coalition's letter to Congress. And he shares information about a tool that can help qualified active low-i

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news about Treasury Secretary nominee Steven Mnuchin's highly anticipated Senate confirmation hearing last week. In low-income housing tax credit news, he talks about the state of the low-income housing tax credit equity market and what states like Ohio are doing to fill the equity shortfall. He also discusses implementation of the Housing Opportunity through Modernization Act of 2016 and expansion of HUD's Moving to Work program. He outlines President Donald Trump's suspension of a decrease in the Federal Housing Administration's mortgage insurance premium. He then talks about the 2017 poverty guidelines released by the Department of Health and Human Services, which allow HUD to calculate its income limits. In new markets tax credit news, he discusses the latest qualified equity investment issuance report and the fiscal year 2017 rounds of the CDFI program and Native CDFI program. In renewable ener

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section with news about HUD Secretary nominee Ben Carson's highly anticipated Senate confirmation hearing last week. He provides details on where Carson stands on fair housing, HUD programs and the low-income housing tax credit. He then discusses Rep. Lloyd Doggett's appointment as the new ranking member of the House Ways and Means Tax Policy Subcommittee. After that, he shares a brief update about the House Ways and Means Committee's energy tax reform working group. In low-income housing tax credit news, he talks about the report, "California's Housing Future: Challenges and Opportunities" and what it had to say about how the federal and state low-income housing tax credit can help California address its housing challenges. In new markets tax credit news, he discusses the Creating Opportunities for Rural Communities Act, legislation that was reintroduced in the House (H.R. 405) and Senate (S. 76) to direct more inv

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news from a busy first week of Congress. He discusses committee leadership appointments and new members of the House and Senate tax-writing committees. He also shares updates on what House Republicans are doing to prepare for writing tax reform legislative language. After that, he reviews more information about HUD Secretary nominee Ben Carson's scheduled confirmation hearing with the Senate Committee on Banking, Housing and Urban Affairs. And he outlines what outgoing HUD Secretary Juli'n Castro had to say about the importance of affordable housing'and more specifically, the importance of the low-income housing tax credit. In low-income housing tax credit news, he talks about what a recent Wisconsin Supreme Court ruling on property valuation means for affordable housing in the state. In new markets tax credit news, he shares how listeners can submit comments to the CDFI Fund on its new markets tax

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about current tax reform and how lowering the corporate tax rate could mean a loss of up to $2.2 billion or more in equity annually for affordable housing. In low-income housing tax credit news, he discusses how Minnesota's state allocating agency has extended its application deadlines as a response to the equity market disruption caused by potential tax reform. Then, he shares how the 2017 annual adjustment factors for certain Section 8 contracts compare to those of 2016. He closes out with our historic tax credit section, where he'll have encouraging news about Oklahoma's popular state historic tax credit.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about potential assignments for the tax-writing Senate Finance Committee and House Ways and Means Committee in the next Congress. He also shares news about an upcoming Novogradac webinar on what the election means for affordable housing and community development. In low-income housing tax credit news, he discusses HUD's fiscal year 2017 annual adjustment factors for Housing Assistance Payment contracts. Then, he has two updates from California, where lawmakers have introduced a bill to boost the state low-income housing tax credit to $300 million per year. He also talks about an announcement from California's state allocating agency that it will extend the 2016 low-income housing tax credit readiness deadlines for its state program. In new markets tax credit news, he discusses some changes that the CDFI Fund is making to its allocation agreement. He also shares the CDFI Fund's monthly qua

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he discusses a special meeting held by the House Republican Ways and Means members last week, as well as what he thinks GOP leaders hope to accomplish in tax reform. In low-income housing tax credit news, he reviews the Federal Housing Finance Agency's final rule on Fannie Mae and Freddie Mac's duty to serve underserved markets'plus, what the final rule means for the low-income housing tax credit equity market. Then he talks briefly about guidance that a recent revenue ruling and IRS notice provided to state allocating agencies on low-income housing tax credits and complying with fair housing rules. In new markets tax credit news, he reviews the CDFI Fund's planned update of census eligibility and how that affects where new markets tax credit investments can be made. Then, he shares a few key deadlines for the fiscal year 2017 round of the CDFI Bond Guarantee program. In the historic tax credit sectio

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about how Congress last week narrowly prevented a government shutdown. He also discusses what House Republicans are doing this week to prepare for tax reform next year. Then, he names the top three candidates in the running for HUD deputy secretary. After that, he shares some advice on what some have suggested Ben Carson should prioritize after he's confirmed as HUD secretary. In low-income housing tax credit news, he describes what's going on in the tax credit equity market and what some state allocating agencies have done to address developer and investor concerns. He closes out with a report finding that there's little to no evidence linking low-income housing tax credit housing to increases in concentrated poverty.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about President-elect Donald Trump's pick for Treasury Secretary, Steven Mnuchin, and what Mnuchin has planned for Trump's first 90 days in office. He then talks about Trump's nomination of Ben Carson as HUD Secretary and shares his thoughts on what Carson's appointment could mean for affordable housing. After that, he discusses how Rep. Richard Neal has become the top Democrat on the House's powerful Ways and Means Committee. Then, he looks at where lawmakers stand on passing a continuing resolution and certain tax extenders. In low-income housing tax credit news, he highlights some of the important points in California's new final proposed regulations for the low-income housing tax credit. In new markets tax credit news, he shares with listeners a list of qualified equity investment issuance thresholds that new markets tax credit allocatees need to meet to be eligible for another alloc

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

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about which candidates may be in line to lead Treasury and HUD in a Trump administration. In the low-income housing tax credit section, he shares updates about HUD's final rule on small area fair market rents. He'll also talk about an idea for a renter's tax credit and how it aims to alleviate rent burdens for low-income households. In new markets tax credit news, he shares details and some insights on the highly anticipated announcement of the CDFI Fund's $7 billion in new markets tax credit allocation authority. In the historic tax credit section, he discusses one way the Advisory Council on Historic Preservation is emphasizing the importance of the historic tax credit and low-income housing tax credit as preservation tools. And, he closes out with renewable energy tax credit news, where he outlines state legislation in Utah to phase out the state's tax credit for commercial solar inst

In this week's Special Election Edition of the Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, discusses the possible policy implications of the historic 2016 presidential and congressional elections. He discusses House and Senate leadership, as well as likely assignments for the chief tax-writing committees: the House Ways and Means Committee and the Senate Finance Committee. He also talks about potential candidates for a new U.S. Department of Housing and Urban Development (HUD) Secretary and how priorities outlined in the House Republicans' tax reform blueprint could affect the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about what's at stake on Election Day, in addition to the presidential race: how many congressional seats are up for election, who's not seeking reelection and how election results could shake up committee assignments. In the low-income housing tax credit section, he shares news about Novogradac & Company's mapping tool with updated information on difficult development areas and qualified census tracts. Then, he discusses a sign-on letter that a group of public housing authorities is circulating in support of expanding HUD's Rental Assistance Demonstration program. In state housing news, he provides an update on Nebraska's newly created state low-income housing tax credit. In new markets tax credit news, he shares the latest qualified equity investment issuance report details. In the historic tax credit section, he discusses an economic progress report on the Nebraska's state historic tax

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he talks about how Paul Ryan's bid to keep his job as speaker of the House could affect the future of tax reform. In the low-income housing tax credit section, he discusses the inflation-adjustment caps for the low-income housing tax credits and private activity bonds in 2017. He also talks about HUD's initial guidance for the Housing Opportunities through Modernization Act. In community development news, he outlines the CDFI Fund's five-year strategic plan and how it'll affect administration of CDFI Fund programs, including the new markets tax credit. In the historic tax credit section, he talks about a sign-on letter being circulated by historic preservation groups to ramp up support for the Historic Tax Credit Improvement Act. He closes with renewable energy tax credit news, where he discusses some important deadlines regarding the renewable energy investment tax credit and production tax credit.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about what congressional leaders have in mind for tax reform. In the low-income housing tax credit section, he discusses how $2.6 million unused low-income housing tax credits will be reallocated for 2017. He also outlines HUD's announcement of difficult development areas and qualified census tracts for 2017. After that, he moves on to a HUD final rule that explicitly excludes tax credit investors from previous participation reviews. In community development news, he tells listeners about the CDFI Fund's draft of its allocation agreement for the upcoming new markets tax credit allocation round and how to submit comments on it. He also highlights H.R. 6213, a new bill that could help increase the amount of new markets tax credit investments in tribal communities. In the historic tax credit section, he summarizes a letter that the Historic Tax Credit Coalition sent to the IRS regarding