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In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off the general news section with a brief recap in of a member day hearing convened last week by House Tax Policy Subcommittee Chairman Charles Boustany. He shares what was said about the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits. Then, he provides some information about a hearing scheduled for today on corporate integration. In the low-income housing tax credit section, he outlines a bill introduced to preserve asset management staff at HUD's multifamily field offices. In other news, he talks about how states should establish maximum per-unit development subsidy amounts for Housing Trust Fund properties. In state affordable housing news, he discusses a bill introduced in Colorado to extend the state low-income housing tax credit by three years. In new markets tax credit news, he shares the latest update from the CDFI Fund on how much qualified equity investment has b

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with a brief recap of where presidential candidates stand after last week's Indiana contests. He'll also touch on a tax overhaul hearing scheduled by the House Ways and Means Tax Policy Subcommittee this week. In the low-income housing tax credit section, he discusses how much will be available for the inaugural allocation of the National Housing Trust Fund. Then, he discusses the Federal Housing Finance Agency's adjustment of multifamily lending caps for Fannie Mae and Freddie Mac. After that, he shares one report's findings about the potential benefits of clustering low-income housing tax credit properties in low-income areas. In new markets tax credit news, he talks about a Dear Colleague letter that urges House Ways and Means Committee leadership to make the NMTC a legislative priority. Then, he discusses a bill designed to attract more investments in economically distressed communities. In the historic tax credit section, he sh

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a brief look at the presidential primary races. He also looks at a business depreciation proposal by Senate Finance Committee Ranking Member Ron Wyden. 'In the low-income housing tax credit section, he outlines a new bill that would reform tenant screening and eviction policies for HUD-assisted properties'specifically, relating to tenants and potential tenants with criminal backgrounds. In new markets tax credit news, he talks about an upcoming meeting for the CDFI Fund's Community Development Advisory Board. In the historic tax credit section, he discusses a recent hearing on Ohio's state historic tax credit program and a proposal to turn the tax credit into a grant. And he closes out with renewable energy tax credit news, where he talks about a legislative amendment that could reallocate millions of dollars to wind energy research.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news, where he provides a brief look at the presidential primary races. Then, he reviews a recently released memo from the IRS Office of Chief Counsel, which provides additional indications as to how the IRS views certain carve-out guarantees of otherwise nonrecourse partnership loans. In the low-income housing tax credit section, he outlines the bill that the Senate Appropriations Committee last week approved regarding funding for transportation and HUD in fiscal year 2017. After that, he discusses how two Louisiana state bills could change the way property taxes for low-income housing tax credit developments are calculated. In new markets tax credit news, he talks about the CDFI Fund's exciting announcement that $7 billion of new markets tax credit allocation authority will be awarded later this year. In the historic tax credit section, he discusses why efforts to extend the state historic tax credit in Alabama ma

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with a brief look at the presidential primary races in New York today. Then, he discusses a recent hearing on tax reform proposals and how they could affect key tax credit programs. In affordable housing news, he has a brief note on today's markup of the Transportation, Housing and Urban Development and Related Agencies Appropriations Act for Fiscal Year 2017. Then, he shares how listeners can calculate low-income housing tax credit rent and income limits for every Metropolitan Statistical Area in the country for free. After that, he talks about which state is temporarily suspending its utility allowance for low-income housing tax credit properties. In the new markets tax credit section, he shares some breaking news about calendar years 2015 and 2016 allocation rounds. Then, he has a preview of an upcoming new markets tax credit market report that will debut in next month's issue of the Novogradac Journal of Tax Credits. In the

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides an update for listeners on the presidential primaries. In the low-income housing tax credit section, he discusses recent HUD guidance on how the Fair Housing Act relates to housing restrictions based on criminal history. Then, he shares a HUD report on tenants living in low-income housing tax credit homes. After that, he provides a brief update on one state's extension of its state low-income housing tax credit program. In new markets tax credit news, he has a preview of what the New Markets Tax Credit Working Group is putting together regarding equal opportunity requirements for entities receiving CDFI Fund assistance. In the historic tax credit section, he talks about which state is one step closer to extending its state historic tax credit through the year 2022. And he closes out with renewable energy tax credit news, where he discusses a potential vehicle for the renewable energy

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with the general news section begins with a brief update on the presidential primary races. Then, he talks about how some experts predict the next president could affect the chances of comprehensive tax reform. In the low-income housing tax credit section, he discusses the 2016 income limits and the amount of low-income housing tax credit authority each state will get. He also shares a milestone of HUD's Rental Assistance Demonstration or RAD program. In new markets tax credit news, he tells listeners how they can comment on regulation that requires banks to report community development investments to the OCC. In the historic tax credit section, he talks about two bills to authorize more funding for the Mississippi state historic tax credit program. And he closes out with renewable energy tax credit news, where he discusses how the renewable energy investment tax credit could affect the amount of energy storage in the United Sta

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides an update on the presidential primaries. Then, he touches on legislation that Congress has sent to the President, for his signature, that could affect the future of various spending and tax expenditure programs. Also, he shares where listeners can go to learn more about the Joint Committee on Taxation's (JCT's) estimates of President Obama's fiscal year 2017 tax proposals, and how the JCT estimates compare to projections previously prepared by the Office of Management and Budget. In the low-income housing tax credit section, he discusses one senator's campaign to expand the low-income housing tax credit allocation by 50 percent. He will also talk about another lawmaker's $13.3 billion proposal to fund programs that combat homelessness. After that, he shares news on how to comment on HUD's fair housing assessment tools. In new markets tax credit news, he talks about an IRS notice that

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with an update on the presidential primaries. Then, he touches briefly on a tax reform hearing scheduled for today in the House Ways and Means Tax Policy Subcommittee. After that, he discusses the IRS' plans to prioritize the guidance it will issue for 2016 and 2017. Then, he'll share news about a deadline extension to comment on the IRS' new partnership audit rules. In the low-income housing tax credit section, he discusses the course of action that the California Tax Credit Allocation Committee is considering to address over-allocation of its state low-income housing tax credits. In new markets tax credit news, he talks about the deadline extension to comment on the Capital Magnet Fund's interim rule. In the historic tax credit section, he'll have updates on a state historic tax credit program that has narrowly escaped being put on ice for two years. And he closes out with renewable energy tax credit news, where he discusses e

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides an update on the presidential primaries. Then, he covers what some Congress members are doing to promote funding for certain housing and economic development programs. In the low-income housing tax credit section, he discusses what one coalition of affordable housing investors had to say about Fannie Mae and Freddie Mac resuming low-income housing tax credit investments. He also talks about HUD's efforts to streamline administration of its multifamily programs. After that, he will give a reminder about an upcoming Real Estate Assessment Center deadline. In new markets tax credit news, he shares highlights from a speech delivered last week by CDFI Fund Director Annie Donovan and what she outlined as a framework for the future of CDFIs. Next, he shares how much funding will be available for the fiscal year 2016 round of the Capital Magnet Fund. In the historic tax credit section, he has

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off this week's podcast with the general news section, where he provides an update for listeners on the presidential primaries. He also discusses how the IRS's new partnership audit provisions could affect tax credit partnerships. In the low-income housing tax credit section, he shares what HUD Secretary Julian Castro had to say at a hearing last week about the president's proposed budget increase for HUD. Then, he discusses new regulations regarding utility allowance regulations and how property managers can make sure to remain in compliance. After that, he talks about an advocacy letter that urges lawmakers to expand the low-income housing tax credit. In new markets tax credit news, he provides the important details CDFIs need to know about the CDFI Fund's new annual certification report. He also shares the CDFI Fund's latest new markets tax credit qualified equity investment issuance report. Then in the historic tax credit sectio

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins this week's podcast with the general news section, where he recaps the South Carolina Democratic presidential primary and Nevada Republican caucus results and he will provide a rundown on the state delegates at stake in today's Super Tuesday primaries. In the low-income housing tax credit section, he shares news about updated compliance monitoring regulations for the lowincome housing tax credit and remind listeners about the HUD budget hearing scheduled for today. In new markets tax credit news, he talks about updates to the frequently asked questions document for Capital Magnet Fund applicants. He also shares how listeners can learn about new markets tax credit basics anytime, anywhere with our Novogradac on-demand course, NMTC 101: The Basics. Then in the historic tax credit section, he has an update on one Maryland county's successful campaign to create a local historic tax credit program. And he closes out with renewable energy

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he discusses the results of the South Carolina presidential primary and Nevada caucus. In the low-income housing tax credit section, he shares news about fiscal year 2016 allocations through HUD's Public Housing Capital Fund. Then, he talks about a recent report on the challenges faced by low- and moderate-income working renter households. In new markets tax credit news, he talks about the availability of fiscal year 2016 funding for the CDFI Program and the Native American CDFI Assistance Program. He also has a reminder about the upcoming deadline to submit nominations for the Novogradac Community Development Individual Achievement Awards. Then in the historic tax credit section, he shares what leaders of the National Park Service and the National Conference of State Historic Preservation Officers had to say about a bill that would reauthorize the Historic Preservation Fund for another 10 ye

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides a detailed description of the president's proposed budget for fiscal year 2017. He talks about how the proposals would affect HUD, the low-income housing tax credit, the new markets tax credit and renewable energy investment and production tax credits. He also discusses a new congressional task force that was created to address the issue of tax reform this year. In the low-income housing tax credit section, he shares two pieces of news for affordable housing. One is about an inclusionary housing policy in the San Francisco Bay Area. The other is one state's proposal to create its own low-income housing tax credit. In new markets tax credit news, he talks about a new report from Enterprise Community Partners Inc. that includes a host of housing and community development policy recommendations, one of them to make permanent and expand the new markets tax credit. Then in the historic tax

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off this week's podcast with the general news section, where he talks about the planned release of the president's fiscal year 2017 budget proposal and what hearings will be held this week to discuss the president's plan. Then, he discusses the Federal Housing Administration's first update of its Multifamily Accelerated Processing, or MAP, Guide since 2011. In the low-income housing tax credit section, he provides details on federal legislation that would make a number of reforms to the housing choice voucher and project-based voucher programs. Then, he discusses how HUD may address the issue of providing public housing to families whose incomes rise significantly above initial limits. In new markets tax credit news, he talks about the opening of the fiscal year 2016 funding round of the Capital Magnet Fund and he shares information about the CDFI Bond Guarantee program. Also in the new markets tax credit section, he shares the amou

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about the results of last night's presidential caucus in Iowa. In the low-income housing tax credit section, he provides an update on when listeners can expect HUD to release income limits for fiscal year 2016. Then, he talks about how a separate announcement from HUD last week will come as good news for multifamily affordable and energy-efficient properties. In new markets tax credit news, he discusses demand for new markets tax credit allocation authority under the 2015 round and how it compares to demand last year. Then in the historic tax credit section, he talks about a proposed law in Michigan that could endanger historic districts across the state. And he closes out with renewable energy tax credit news where he discusses efforts to extend New Mexico's solar market development 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 the Congressional Budget Office's updated budget and economic outlook for the next decade. Then, he shares news about the appointment of three senior staff members to the House Ways and Means Committee, followed by an announcement about the Ways and Means Committee's first meeting of the year. In the lowincome housing tax credit section, he discusses the Treasury Department's audit of the Section 1602 program in North Dakota. In new markets tax credit news, he highlights a tax extenders provision that is often overlooked, but that can be a game changer for investments in lowpopulation census tracts. Then in the historic tax credit section, he talks about a milestone in historic preservation and how listeners can share their thoughts on the challenges and opportunities facing national historic preservation. In state-level news, he discusses recent amendments to Virginia's state

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about what the president said'or didn't say'about tax reform during his State of the Union address last week. He also discusses a list of tax provisions that are scheduled to expire in the next decade. In the low-income housing tax credit section, he highlights the latest commitment from HUD and the Department of Veterans Affairs to help house Native American veterans. In new markets tax credit news, he shares news about an upcoming conference where listeners can hear about community development opportunities from several government agency heads and industry leaders. Then in the historic tax credit section, he shares how listeners can submit comments on one of the most important forms under the historic tax credit program, the historic preservation certification application. After that, he recaps a recent court ruling on the transfer of state tax credits and why it was deemed a disguised

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about a list of tax provisions on which the IRS will not issue private rulings or determination letters this year. In the low-income housing tax credit section, he discusses when listeners can expect HUD to release its 2016 income limits for tenants in low-income housing tax credit properties and what the delayed release date could mean for properties. In new markets tax credit news, he shares news about the CDFI Bond Guarantee program and how much guarantee authority has been authorized for 2016. Then in the historic tax credit section, he discusses efforts to create a county-wide historic tax credit program in Maryland. And he closes out with renewable energy tax credit news where he talks about how listeners can comment on guidance regarding the election of renewable energy investment tax credits in lieu of production tax credits.'

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins the first podcast of the new year with the general news section, where he provides an outlook on tax reform in 2016 and key presidential primary dates. In the low-income housing tax credit section, he discusses how owners can comment on Form 8586. Then he talks about how listeners can apply for the third round of HUD's Promise Zone initiative. In new markets tax credit news, he shares the latest qualified equity investment issuance report. He also has news about five upcoming webinars designed to help CDFIs with everything from customer acquisition to tips for successful partnerships'all with the goal of helping CDFIs better reach underserved areas. Then in the historic tax credit section, he has some state-level news. One is about some rule changes in Montana and the other is about the announcement of Ohio's historic tax credit awards. He closes close out with renewable energy tax credit news, where he discusses the latest efforts