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In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses how the midterm election could affect Senate committee leadership. In low-income housing news, he reviews the release of a California Affordable Housing Development Cost Study, and a recently enacted LIHTC for the District of Columbia. He also addresses the Treasury Office of the Inspector General's audit of the Missouri Housing Development Commission's implementation of the Section 1602 cash grant exchange program, a correction regarding a Private Letter Ruling in the Oct. 14 podcast, and an upcoming webinar about the IRS LIHTC Audit Technique Guide. In the new markets segment, he invites listeners to join in the NMTC Coalition's efforts to extend the new markets tax credit and discusses the CDFI Fund's new Capacity Building Initiative training series for Native CDFIs. Next, he reports on the Wyoming State Historic Preservation Office's revisions its statewide historic preservation plan. In renewable energy news, he reviews SEIA

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses IRS Commissioner John Koskinen's letter to Sen. Ron Wyden about tax extenders legislation. In the low-income housing tax credit segment, he analyzes trends in the 2015 designated difficult development areas, and reviews private letter ruling 201440013, which addresses Section 1602 funding. In the new markets tax credit section, he reviews the CDFI Fund's announcement about NMTC demand in Round 12 , and discusses the Treasury's guarantee of an additional $200 million through the CDFI Bond Guarantee Program. Next, in the historic tax credit segment, he reports on Rep. Niki Tsongas' support for the federal historic tax credit, and he imparts information about the Ohio state historic preservation tax credit's incorporation of a new catalytic designation. Finally, in the renewable energy tax credit segment, he explores the role of tax credits in the Texas energy market through the report, "Texas Power Challenge: Getting the Most from

In this week's episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest Congressional updates on tax reform. He covers HUD's designation of the 2015 difficult development areas and qualified census tracts, as well as HUD's final 2015 fair market rents. He also discusses HUD's issuance of subsidy layering review guidance, welfare exemption laws in California (A.B. 1760 and S.B. 1203) and the Grace Robertson's retirement from the Internal Revenue Service. Next, he reports on Treasury Secretary Lew's speech commending the new markets tax credit program, as part of the CDFI Fund's 20th anniversary. He also discusses the veto of a California state new markets tax credit (A.B. 1399), as well as the latest QEI issuance update. Then he reports on Department of the Interior's grants to support National Register diversity. Finally, he examines an International Energy Agency's solar energy report, as well as North Carolina Department of Revenue's state renewable energy tax credit guida

In this week's episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, reviews Treasury action on corporate tax inversions and recent CRA performance evaluations. He also addresses Calif. Gov. Brown's veto of a state historic tax credit and state new markets tax credit. Then, he reports on the 2014 LIHTC National Pool and provides information about the second round of Promise Zone designation applications. Next, he notes the Oct. 1 deadline for the 2014 NMTC allocation application, and reviews analysis of QEIs through round 11. Finally, he informs listeners about the new application fees for Louisiana's state historic tax credit and discusses the Bridge to a Clean Energy Future Act of 2014 (H.R. 5559).

In this week's episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a continuing resolution that will fund government operations until Dec. 11. He also notes several critical issues facing Congress, provides an update on tax extenders and reviews the Tax Technical Corrections Act of 2014. In the low-income housing tax credit segment, he discusses a couple highlights from the IRS's updated LIHTC Audit Technique Guide. In the new markets tax credit segment, he congratulates the 2014 Community Development Award Winners, and alerts listeners that Nebraska will soon begin accepting applications for its state NMTC. In the historic tax credit section, he examines the Creating Prosperity Through Preservation Act that was recently introduced in the House. Finally, in the renewable energy tax credit segment, he reports on renewable energy tax credit comments made during last week's Senate Finance Committee hearing.

In this week's episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on the status of tax extenders legislation. He also previews a Senate Finance Committee hearing that will examine renewable energy tax policy and discusses proposed changes to Community Reinvestment Act guidance. In the new markets tax credit segment, he reminds listeners about the upcoming allocation application deadline and talks about an Ohio bill to decouple state tax credits from their federal counterparts. In the historic tax credit discussion, he reviews some of the updates in the just-published 2014 Novogradac Historic Rehabilitation Handbook. Then, he updates listeners on congressional support for legislation to permanently extend the 9 percent low-income housing tax credit rate floor and create a new 4 percent rate floor. The renewable energy tax credit section touches on how the production tax credit extension is factoring into a midterm election race in North Dakota and shares highlights about

In this week's episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, reviews Treasury Secretary Jacob Lew's speech on tax reform, as well as Congress's return from their state and district work periods. In new markets tax credit news, he discusses the Community Development Financial Institutions Fund's latest Qualified Equity Investment Issuance Report, and provides an update on California's state new markets tax credit. In historic tax credit news, he updates listeners on California's historic tax credit bill, as well as Delaware's amendments to its state historic tax credit program. In low-income housing tax credit news, he comments on the Federal Housing Finance Agency's proposed Fannie Mae and Freddie Mac Multifamily Housing Goals and a Harvard Joint Center for Housing Studies and AARP Foundation study about affordable senior housing. In renewable energy tax credit news, he examines the newly released report, "Clean Energy Works for Us: Second Quarter 2014 Report," which reveals the impor

In this week's episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, mentions the return of the House and Senate, as well as a speech from Treasury Secretary Jacob Lew about tax reform. In new markets tax credit news, he provides information on the 2014 NMTC application guidance and Sen. Wyden's support of the NMTC program, as well as a California new markets tax credit bill. In low-income housing tax credit news, he explores the National Low Income Housing Coalition's report, "Housing Spotlight: The Affordable rental Housing Gap Persists." In historic tax credit news, he reviews the Historic Tax Credit Coalition's letter to the Internal Revenue Service regarding Section 50(d) of the Internal Revenue Code, reports on Connecticut's revision of its historic tax credit program and discusses the possible creation of a California historic tax credit program.

In the 350th episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, alerts listeners to the 40th anniversary of the Community Development Block Grant program. In lowincome housing tax credit news, he shares some analysis of the proposed fiscal year 2015 Fair Market Rents, and discusses disaster-relief guidance for low-income housing tax credit and taxexempt bond properties. In new markets tax credit news, he discusses the requirements for application reviewers for the 2014 allocation application round and the release of the 2014 electronic application, as well as new bond issuing authority under the CDFI Bond Guarantee program. In renewable energy tax credit news, he shares two Department of Energy reports on the renewable wind industry and the production and investment tax credits.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, he begins with a look at the congressional agenda, and what might be expected, for the rest of the year. In new markets tax credit news, he discusses two reports on the New Markets Tax Credit program that were released last week, a webinar that the Community Development Financial Institutions Fund held on the CIMS3 and a request for reviewers for the 2014 application round. In lowincome housing tax credit news, he alerts listeners to the U.S. Department of Housing and Urban Development's release of its proposed fiscal year 2015 fair market rents and to Carol Galante's stepping down from the Federal Housing Administration. In renewable energy tax credit news, he shares information about recent guidance that the Internal Revenue Service released about the start of construction for investment and production tax credit projects. In historic tax credit news segment, he shares the names of the winners of the 2014 Novogradac Historic Rehabilitati

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest tax credit news. In new markets tax credit news, the opening of the 2014 New Markets Tax Credit program application round and the release of the 2013 allocation agreement template. In low-income housing tax credit news, he discusses a bill that would enable homeless students to qualify for low-income housing tax credit units, as well as a bill to reauthorize the Native American Housing Assistance and Self-Determination Act through the end of fiscal year 2018. In historic tax credit news, he discusses ongoing issues regarding how to treat master tenant income in historic tax credit transactions that use a pass-through structure and a letter that the National Trust for Historic Preservation that calls on Congress to preserve the historic tax credit in a reformed tax code. In renewable energy tax credit news he shares an article in the August Novogradac Journal of Tax Credits that provides some "rules of thumb" for energy

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a tax reform hearing about the use of dynamic scoring of the Tax Reform Act of 2014 and alerts listeners to Congress's August recess and retirement of former House Majority Leader Eric Cantor. In the low-income housing tax credit news, he discusses three new bills introduced last week that would affect affordable housing and provides an update on efforts to resume payments to the National Housing Trust Fund. In new markets tax credit news, he provides a more in-depth analysis of the Community Development Financial Institutions Fund's release of New Markets Tax Credit program data and shares the latest Qualified Equity Investment Issuance Report. In renewable energy tax credit news, he shares information about one Senator's effort to draw attention to the expired production tax credit and another's efforts to extend the investment tax credit to biogas projects. In historic tax credit news, he has an update on how the North Carolin

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, alerts listeners to a House Subcommittee on Select Revenue Measures hearing on the Tax Reform Act of 2014 and dynamic scoring. In low-income housing tax credit news, he shares his analysis of the Council of Development Finance Agencies' report on the use of 2013 volume cap and discusses the results of an audit of the Delaware State Housing Authority's compliance with the low-income housing tax credit exchange program. In new markets tax credit news, he briefly discusses the Community Development Financial Institutions Fund's release of New Markets Tax Credit program data, provides an update on the 2014-2015 New Markets Tax Credit program Notice of Allocation Availability and shares information about legislation that would create a state-level new markets tax credit program in North Carolina. In renewable energy tax credit news, he has an update about a case that Alta Wind has brought against the federal government regarding the payment of

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, notifies listeners about a bill that would increase low-income housing tax credits, new markets tax credits and historic tax credits for disaster areas; discusses some long-term deficit and national debt projections from the Congressional Budget Office; and alerts listeners to some updates to two of Novogradac & Company's online mapping tools. In new markets tax credit news, he shares a request for comments from the Internal Revenue Service, a report on the use of new markets tax credits in rural areas and the status of a California new markets tax credit bill. In low-income housing tax credit news, he alerts listeners to a request for comments on Form 8823, checks in on the Housing Trust Fund and announces the opening of the nomination round for the Journal of Tax Credits Developments of Distinction awards. In our renewable energy tax credit news, he shares a recent report that found that renewing the investment and production tax credits

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners on the progress of a bonus depreciation bill making its way through the House of Representatives, shares the details of an upcoming Community Reinvestment Act webinar and provides a quick update on the new leadership at the Office of Management and Budget and the U.S. Department of Housing and Urban Development. In new markets tax credit news, he discusses the Community Development Financial Institutions Fund's annual performance report and the latest Qualified Equity Investment Issuance report. In low-income housing tax credit news, he has more information about the U.S. Department of Housing and Urban Development's revision of the 2014 extremely low-income limits, California's Affordable Housing and Sustainable Communities program and PrezCat a new affordable housing preservation policy resource that was launched earlier this year. In renewable energy tax credit news, he shares a recent blog post written in response to

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners on the progress of a bonus depreciation bill making its way through the House of Representatives and shares the 2014 list of distressed or underserved nonmetropolitan middle-income geographies. In historic tax credit news, he discusses the next meeting of the Advisory Council on Historic Preservation and legislation in Pennsylvania that would suspend the state's historic tax credit program. In low-income housing tax credit news, he has an update about the U.S. Department of Housing and Urban Development's revision of the 2014 extremely low-income limits, as well as the latest information about new funding for affordable housing in California. In renewable energy tax credit news, he shares a letter asking Congress to take up the EXPIRE Act and discusses a new tool to help state and local officials gather data as they consider their energy policies. In new markets tax credit news, he discusses a recent Senate Indian Affairs

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners on the progress of Shaun Donovan and Julian Castro's nominations for the top spots at the Office of Management and Budget and the U.S. Department of Housing and Urban Development, and he discusses new House Majority Whip Steve Scalise's voting record and a new report from the U.S. National Advisory Board on Impact Investing. In new markets tax credit news, he alerts listeners to a request for information related to the Community Development Financial Institutions Fund's efforts to bring more minority community development entities into the New Markets Tax Credit program, discusses a letter from 50 U.S. Representatives that urges an extension of the New Markets Tax Credit program and reminds listeners of the soon-to-beclosed window for nominating CDEs for the Community Development QLICIs of the Year Awards. In low-income housing tax credit news, he discusses the latest "State of the Nation's Housing" report from the Harvar

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses House Majority Leader Kevin McCarthy's voting record, Shaun Donovan's confirmation hearings for the top spot at the Office of Management and Budget, and Sen. Ron Wyden's 15-month window for tax reform. In new markets tax credit news, he shares some remarks about the next round of the New Markets Tax Credit program from New Markets Tax Credit Program Director Bob Ibanez, a report from Native American Capital that compares the loan loss rates of new markets tax credit loans to those of collateralized mortgage-backed securities, and the addition of a new qualified issuer for the Bond Guarantee program. In low-income housing tax credit news, he discusses a call from A.C.T.I.O.N. to support for legislation that creates a permanent 9 percent floor for the low-income housing tax credit program, Julian Castro's remarks at his confirmation hearing for Secretary of the Department of Housing and Urban Development and good news about Califor

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the end of Eric Cantor's tenure as House majority leader and what that could mean for tax reform. In new markets tax credit news, he shares a report from the New Markets Tax Credit Coalition about the use of the new markets tax credit in 2013 and an emergency rule from Kentucky that addresses recent changes to the state's new markets tax credit program. In this week's lowincome housing tax credit news, he discusses support for legislation that creates a permanent 9 percent floor for the low-income housing tax credit program and the passage in the House of a U.S. Department of Housing and Urban Development fiscal year 2015 appropriations bill, as well as an upcoming webcast from the Office of Tax-Exempt Bonds. In historic tax credit news, he has updates from Rhode Island and North Carolina. In renewable energy tax credit news, he discusses guidance from the Internal Revenue Service that addresses sequestration, the Section 1603 pr

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the latest information about potential tax reform and more tax extenders hearings. In new markets tax credit news, he provides a few details about the results of the 2013 new markets tax credit allocation round allocatees, the latest effort to extend the NMTC program and an update on the latest Qualified Equity Investment Issuance report. In low-income housing tax credit news, he provides a few highlights from the Senate Appropriations Committee's fiscal year 2015 appropriations for Transportation, Housing and Urban Development and related agencies, shares news about the death of a Louisiana property valuation bill that would have raised taxes for low-income housing tax credit properties, discusses legislative efforts to increase the amount of affordable housing in Washington, D.C. and celebrates the Oklahoma low-income housing tax credit. In historic tax credit news, he updates listeners about historic tax credit programs in Cal