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In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he discusses the work in store for Congress when it reconvenes next month, after the elections. He also outlines the options for passing a spending package and how tax extenders fit into the agenda. In the low-income housing tax credit section, he discusses what kind of tax relief is available for areas affected by Hurricane Matthew. Then, he shares a report by the National Low Income Housing Coalition on how the shortage of housing choice vouchers and public housing units points to the importance of the low-income housing tax credit. In new markets tax credit news, he talks about when the $7 billion new markets tax credit allocation announcement is expected and what listeners can do to prepare for the upcoming round. In the historic tax credit section, he details a chief council advice memorandum released by the IRS requiring a pass-through entity in a historic tax credit transaction to file the Form

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses a recent report from the Federal Housing Finance Agency on how federal home loan banks have helped boost investments in low-income housing and community development. In the low-income housing tax credit section, he tells listeners about HUD's proposed energy benchmarking for assisted multifamily housing and public housing agencies. He also discusses a state law passed in California that allows local school districts to create housing programs for its employees, using federal and state low-income housing tax credits. In new markets tax credit news, he discusses how much new markets tax credit allocation authority was finalized by allocatees in the past month. In the historic tax credit section, he talks about the National Trust for Historic Preservation's list of 11 Most Endangered Historic Places and the role that historic tax credits could play in preserving those places. And, he clo

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section where he discusses what lawmakers did to avoid a federal government shutdown last week and what unfinished business they'll have to address when they reconvene after the election. In the low-income housing tax credit section, he discusses HUD's invitation for comments on closing documents for its Rental Assistance Demonstration or RAD program. Then, he shares updated ACTION Campaign state and district fact sheets that illustrate what the low-income housing tax credit has accomplished in each state and district. After that, he talks about the Emergency East Chicago Relief Act of 2016 (H.R. 6166), a bill that would temporarily increase the low-income housing tax credit allocation in Indiana. Then, he provides an update on a California A.B. 1920, which will give the California Tax Credit Allocation Committee (TCAC) the power to enforce fines for compliance violations. In new markets tax credit news, he discusse

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses the Louisiana Flood and Storm Devastation Tax Relief Act of 2016 (H.R. 6137). In the low-income housing tax credit section, he discusses the Middle-Income Housing Tax Credit Act of 2016 (S. 3384), a bill that would create the middle-income version of the low-income housing tax credit. After that, he shares an update on Inclusive Communities Project Inc. v. the Texas Department of Housing and Community Affairs, a fair housing case that could change how state agencies across the country allocate low-income housing tax credits. Then, he provides a brief reminder of upcoming HUD deadlines for closing mixed-finance transactions before the end of the year. After that, he talks about a new progress report from HUD on its Rental Assistance Demonstration or RAD program. Then he rounds out the housing section with state news from Nebraska, where the state allocating agency said it would delay p

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he outlines Donald Trump's recently released tax reform plan and what certain provisions could mean for the tax credit community. In the low-income housing tax credit section, he touches briefly on a Massachusetts Superior Court ruling last week that affirms a low-income housing tax credit sponsor's right of first refusal. Then, he discusses HUD's final rule on evaluating Fair Housing Act harassment complaints. He rounds off the housing section with two state updates. The first is a Georgia court ruling on how low-income housing tax credits are assessed in property valuations. The second state update is from California, where the state allocation agency has proposed more than a hundred changes to its state low-income housing tax credit regulations. In new markets tax credit news, he discusses Bill Clinton's continued support of the New Markets Tax Credit that he signed into law when he was president.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses Congressional plans to pass a continuing resolution and avoid a government shutdown. In the low-income housing tax credit section, he shares an update on the Affordable Housing Credit Improvement Act of 2016. He also discusses a California state bill that would give the California Tax Credit Allocation Committee a more efficient way to enforce compliance regulations. In new markets tax credit news, he announces the winners of the 2016 Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards. In the historic tax credit section, he briefly outlines recent regulatory changes to Maryland's state historic tax credit program. And, he closes out with renewable energy tax credit news, where he talks about a recent report on the future of wind power generation. He also discusses a letter that clean energy businesses have sent to Congress regarding a tax credit extensio

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, which will include key dates for Congress as the fiscal and calendar years draw to a close. He talks about what deadlines lawmakers need to meet in order to avoid a government shutdown and expiration of certain tax credits. In the low-income housing tax credit section, he shares a recent audit report on Virginia's administration of its Section 1602 program, cash grants in lieu of the low-income housing tax credit. He also highlights a few case studies released by the Urban Institute that show why preserving affordable housing is critical to the well-being of communities. In new markets tax credit news, he discusses a guest column that Rep. Pat Tiberi wrote on the importance of making the new markets tax credit a permanent part of the tax code. He also shares the latest NMTC Qualified Equity Investment Issuance Report. In the historic tax credit section, he gives an update on two states that are consider

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about bonus depreciation guidance issued by the IRS last week through Revenue Procedure 2016-48. In the low-income housing tax credit section, he shares the recently released fiscal year 2017 fair market rents. Then, he talks about an important fair housing discrimination lawsuit that was dismissed last week, the Inclusive Communities Project Inc. vs. the Texas Department of Housing and Community Affairs. He also has news about how listeners can comment on HUD's fair housing Local Government Assessment tool. In new markets tax credit news, he talks about how one new community development entity in the Northern Mariana Islands has the potential to bring the new markets tax credit to the U.S. territory for the first time. In the historic tax credit section, he discusses a recent historic preservation milestone that Montana recently reached. And he closes out with renewable energy tax credi

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac begins with the general news section, where he talks about the IRS 2016-2017 Priority Guidance Plan and fourth-quarter update to its 2015-2016 plan. In low-income housing tax credit news, he discusses the Federal Housing Finance Agency raising multifamily caps for Fannie Mae and Freddie Mac. He also discusses what two California housing agencies recommend to address the issue of high development costs when building affordable housing. In new markets tax credit news, he talks about the CDFI Fund's NMTC Public Data Release: 2003-2014 Summary Report. He also shares briefly how much qualified equity investment was issued in the CDFI Fund's latest qualified equity investment issuance report. In the historic tax credit section, he announces the 2016 winners of the Novogradac Journal of Tax Credit Historic Rehabilitation Awards. He closes out with renewable energy tax credit news, where he shares findings from the U.S. Department of Energy 2015 Wind Te

In this week's Tax Credit Tuesday Podcast, Peter J. Lawrence begins with the general news section, where he talks about temporary regulations that the IRS released last week on electing into the partnership audit regime under the Bipartisan Budget Act of 2015. In the low-income housing tax credit section, he shares some stats from the "CDFA Annual Volume Cap Report: Analysis of 2015 Private Activity Bond & Volume Cap Trends." He also has an update on national efforts to eliminate homelessness among veterans. And he discusses findings from the "Housing is a Foundation: 2016 PAHRC Report." In new markets tax credit news, he talks about how listeners can provide the CDFI Fund with feedback on its allocation tracking system. In the historic tax credit section, he shares details on the National Park Service's call for comments on its certification application. And he closes out with renewable energy tax credit news, where he discusses a report on how extension of the investment tax credit shifted solar installatio

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section where he talks about the recently approved 2016 Democrat Party platform, how it compares to the Republican platform and what those priorities could mean for affordable housing, community development and renewable energy. In the low-income housing tax credit section, he shares an update on the Housing Opportunity through Modernization Act of 2016 (H.R. 3700), which President Barack Obama recently signed into law and will modify several housing programs, including Section 8 and public housing. Then, he talks about a new tool released by the Urban Institute and the National Housing Conference that shows why the low-income housing tax credit is crucial to building affordable housing. In new markets tax credit news, he discusses the Rebuilding and Renewing Rural America Act (S. 3243), a recently introduced bill that would double new markets tax credit allocation authority to $7 billion annually for the n

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section where he talks about long-awaited guidance on Section 50(d) income inclusion rules and how they affect tax credit partnerships. In the low-income housing tax credit section, he talks about what some stakeholders said about the FHFA's proposed rule on Fannie Mae and Freddie Mac's "duty to serve" underserved markets'particularly about what role Fannie and Freddie should play in the low-income housing tax credit market. In new markets tax credit news, he discusses a recent data release on CDFI loans and investments. He also shares news about Kentucky opening the application round for its state new markets tax credit program. In the historic tax credit section, he provides details about some upcoming application deadlines for Ohio's Historic Preservation Tax Credit program. And he closes out with renewable energy tax credit news, where he discusses "Annual Energy Outlook 2016," a report that compares projec

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the Republican and Democratic conventions and what each party has outlined as its priorities, as they relate to affordable housing and energy policy. He also discusses new Community Reinvestment Act regulation guidance and what one particular change could mean for the historic tax credit industry. In the low-income housing tax credit section, he shares big news on two pieces of legislation. The Affordable Housing Credit Improvement Act of 2016 (S. 3237) would greatly expand the low-income housing tax credit and make numerous enhancements to the program, while the Housing Opportunity through Modernization Act of 2016 (H.R. 3700) makes significant changes to several housing programs, especially HUD's Section 8 Housing Choice Voucher program. Then, he talks about a new housing choice voucher fee formula proposed by HUD that could make administration of vouchers more efficient. In

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he shares what Congress hopes to achieve in the final few days before it takes a long recess. He will also let listeners know about the potential release of a plan by Senate Finance Committee Chairman Orrin Hatch that could have a significant impact on corporate tax reform, including some details of what might be included. In the low-income housing tax credit section, he discusses how two changes in California's state low-income housing tax credit will make the credit more valuable and versatile. He will also look at a change in Hawaii that makes its state low-income housing tax credit more valuable. In new markets tax credit news, he shares the latest Qualified Equity Investment issuance report and how much allocation authority has been issued to investors in the past month. In the historic tax credit section, he talks about an upcoming meeting of the Advisory Council on Historic Preservation. A

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section where he shares details from the House Republican tax reform plan released on Friday and a bill that would put partnerships on level ground with corporations when it comes to paying taxes on such things as grants from state or local governments. In the low-income housing tax credit section, he discusses two bills that would drastically change the way certain housing subsidies are administered. He also discusses the latest "State of the Nation's Housing Report." In new markets tax credit news, he shares some good news about Enterprise Zone designations that will benefit businesses across the country. In the historic tax credit section, he talks about the latest guidance released by the National Park Service on seismic rehabilitation of historic properties. He closes out with renewable energy tax credit news, where he highlights a bill that would create a 30 percent investment tax credit for renewable

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins the general news section with an announcement of the 2016 distressed or underserved non-metropolitan, middle-income geographies where qualified community development activities would qualify for Community Reinvestment Act consideration. In the low-income housing tax credit section, he discusses details of the Federal Housing Finance Agency's 2015 Report to Congress. He will also talk about a proposed rule change on how Housing Choice Vouchers would be administered in certain metropolitan areas. In new markets tax credit news, he shares news about a competition hosted by the CDFI Fund to encourage innovative ideas in serving underserved communities. In the historic tax credit section, he discusses a useful new source of gap financing for Ohio developers. And he closes out with renewable energy tax credit news, where he recaps last week's Senate Finance Committee hearing on energy tax incentives. He will also outline a new bill that w

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section where he describes a comprehensive anti-poverty plan released by House Republican leaders and how the plan can potentially influence tax reform discussions. In the low-income housing tax credit section, he discusses new legislation that was introduced to completely restructure nearly all federal affordable housing programs into a single block grant. Then, he talks about what one report from the Government Accountability Office discovered about compliance issues and the administration of the low-income housing tax credit. After that, he shares news about one state's successful efforts to extend its state low-income housing tax credit for three years. In new markets tax credit news, he highlights the latest New Markets Tax Credit Progress Report. He also shares a newsletter from the Office of the Comptroller of the Currency on how health care centers and community development incentives can be a great

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he shares an invitation from the Treasury Department to comment on the Capital Magnet Fund application process and annual report. He also touches on what representatives from the IRS, Treasury and CDFI Fund had to say recently about the lowincome housing tax credit, new markets tax credit and historic tax credit. In the low-income housing tax credit section, he discusses the National Low Income Housing Coalition's report on some of the reasons why affordable housing is out of reach for a growing number of renter households. He then previews the State of the Nation's Housing report, which will be released by the Joint Center for Housing Studies this month. In state housing news, he discusses one California bill that could make the state low-income housing tax credit more attractive to investors. In new markets tax credit news, he shares the latest Qualified Equity Investment issuance report and ho

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a recap of a report commissioned by the CDFI Fund that suggests how low-income housing tax credits, new markets tax credits and renewable energy tax credits can drive more investment into native communities. In the low-income housing tax credit section, he briefly covers the House Appropriations Committee's approved Transportation-HUD funding bill for fiscal year 2017. He then discusses a new bill introduced that would allow homeless students to qualify for low-income housing tax credit housing. In news from HUD, he talks about clarified guidance on utility allowances under the HOME program. He also summarizes the findings of a report by the Office of Inspector General at the Treasury Department on how well California's state allocation agency complied with Section 1602 requirements. In new markets tax credit news, he provides details of one community development leader's written testimony urging lawmakers to expand and mak

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general section, where he recaps a corporate integration hearing that was held in the Senate Finance Committee last week and shares important insights from that hearing on the possible adverse effects of corporate - individual income tax integration on investable community development tax credits. In the low-income housing tax credit section, he discusses a bill that was introduced in the Senate last week to increase federal allocations of the low-income housing tax credit by 50 percent. He also provides information on a proposed rule that would affect applicants of HUD's multifamily and health care programs who have participated in HUD programs before. In other news from HUD, a proposed rule was issued last week that would mandate broadband infrastructure be installed at all HUD multifamily properties during construction. In new markets tax credit news, he reviews details of a recent meeting that was held by the Community