Tax Credit Tuesday Podcasts

There are advantages and disadvantages to developing real estate in any location. When it comes to affordable rental housing, some locations qualify for a 30% basis boost, which translates to the potential for generating 30% more low-income housing tax credit (LIHTC) equity. On this week's episode of the So You Want to Be a LIHTC Developer, Michael Novogradac, CPA, and Thomas Stagg, CPA, discuss t...

The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, made opportunity zones (OZs) a permanent part of the tax code and created a new round of OZs that will'take effect Jan. 1,'2027.'The U.S. Department of the Treasury and the Internal Revenue Service (IRS)'released a notice June 18 describing transitional guidance'it plans to propose for investments into existing OZs as amended by...

On this episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Novogradac partner Charles Rhuda III, CPA, discuss several challenges that may arise while developing an affordable housing property with multiple buildings financed by private activity bonds (PABs) in combination with 4% low-income housing tax credits (LIHTCs), including when those buildings are placed in service across multiple...

Tax credit equity pricing is determined by various important supply-and-demand factors. On this episode of Tax Credit Tuesday, Michael Novogradac, CPA, sits down with Novogradac partners and CPAs Tony Grappone, Michael Kressig, Brad Elphick and Dirk Wallace to discuss the factors affecting demand for tax credit equity in 2026 and in the future. The speakers discuss the investor market and pressing...

Tax credit equity pricing is determined by a variety of critical supply-and-demand factors. On this record-breaking episode of Tax Credit Tuesday, Michael Novogradac, CPA, sits down with Novogradac partners and CPAs Tony Grappone, Michael Kressig, Brad Elphick and Dirk Wallace to discuss various factors affecting tax credit equity supply in 2026 and beyond. The speakers give an overview of new mar...

With policy changes such as the July 4th start-of-construction-deadline instituted by the One Big Beautiful Bill Act (OBBBA) rapidly approaching and foreign entities of concern (FEOC) requirements forthcoming from the U.S. Department of the Treasury, renewable energy tax credit (RETC) developers are at a critical moment. In this episode of the Renewable Energy Tax Credit Finance Series, Michael No...

The U.S. Department of Housing and Urban Development (HUD) released income limits May 1 for fiscal year (FY) 2026. On this week's episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Thomas Stagg, CPA, discuss the new income limits and how they are used to determine eligibility and calculate rent limits for HUD-assisted programs and low-income housing tax credit (LIHTC) properties. Novograd...

Artificial intelligence (AI) and how it can be used safely and efficiently to increase productivity is a hot topic across many industries, and the affordable rental housing world is no exception to the rule. On this week's episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Brad Weinberg, MAI, CVA, CRE, discuss the use of AI in the affordable housing sector. They first discuss the differen...

Unwinding a new markets tax credit (NMTC) transaction is often complex, requiring thorough knowledge and a careful approach. On this week's episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Nicolo Pinoli, CPA, discuss the exit strategies available to parties of an NMTC investment after the compliance period ends, and the tax issues associated with unwinding. Novogradac and Pinoli discuss...

Developers in the renewable energy tax credit (RETC) sector are at a pivotal moment, with policy changes such as the July 4th start of construction deadline instituted by the One Big Beautiful Bill Act (OBBBA) rapidly approaching. In this episode of the Renewable Energy Tax Credit Finance Series, Michael Novogradac, CPA, and Novogradac partner Tony Grappone, CPA, discuss five key topics every rene...

Legislative changes and policy updates have continued to shape the tax credit world over the course of the first quarter of 2026. On the inaugural episode of Tax Credit Tuesday's new Washington Watch series, Michael Novogradac, CPA, and Novogradac Chief Public Policy Officer Peter Lawrence discuss the latest policy updates in the tax credit world from Capitol Hill. The two discuss recent developme...

When the Community Development Financial Institutions (CDFI) Fund announced the $10 billion calendar year 2024-2025 new markets tax credit (NMTC) awards, it also announced four areas of emphasis for NMTC awards going forward. In this week's episode of Tax Credit Tuesday, Michael Novogradac, CPA, discusses those areas with Novogradac partner Gregory Clements, CPA. They look at affordable housing de...

The renewable energy tax credit (RETC) market is emerging from "wait and see" mode following major policy updates in 2025, including the approval of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025. In this episode of the Renewable Energy Tax Credit Finance Series, Michael Novogradac, CPA, and Novogradac partner Tony Grappone, CPA, take a forward-looking view of the RETC marketplace as the f...

Affordable housing has become a significant focus of President Donald Trump, his administration and the current Congress. Efforts to tackle the affordability crisis and improve housing accessibility for all Americans have ramped up since the beginning of 2026. On this episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Novogradac Chief Public Policy Officer Peter Lawrence discuss various r...

First-year qualifying occupancy reports are essential for compliance with the low-income housing tax credit (LIHTC), but the processes can be challenging. On this episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Novogradac Director of Multifamily Property Compliance Stephanie Naquin review the most common compliance mistakes LIHTC properties make regarding first-year qualifying occupanc...

When it comes to the low-income housing tax credit (LIHTC) allocation and underwriting, it's critical to have a thorough understanding of the basics. With the Spring 2026 Novogradac LIHTC Allocation and Underwriting Basics Course on the horizon (every Thursday from March 26 to April 30), Michael Novogradac, CPA, and course instructor'Mark Shelburne dive into LIHTC basics. Novogradac and Shelburne...

The One Big Beautiful Bill Act (OBBBA), approved July 4, 2025, implemented a number of restrictions regarding foreign entities of concern (FEOC). In this episode of the Renewable Energy Tax Credit Finance Series, Novogradac partners Tony Grappone, CPA, and Joshua Morris, CPA, discuss those changes and their implications for various stakeholders in the clean energy space. They discuss the similarit...

The One Big Beautiful Bill Act (OBBBA), approved July 4, 2025, made the opportunity zone (OZ) incentive permanent and made several significant changes to the program. One key change is that, effective Jan. 1, 2027, each state will designate new OZs. On this episode of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Jason Watkins, CPA, discuss these changes and how t...

The Historic Tax Credit (HTC) is a significant resource for developers hoping to rehabilitate historic properties, but nuances of the incentive, such as eligibility requirements and the closing process, can be intimidating for first-time developers. On this episode of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner John DeJovine, CPA, provide listeners a crash cours...

The One Big Beautiful Bill Act (OBBBA), approved July 4, 2025, made various significant changes to the low-income housing tax credit (LIHTC) incentive. Among key changes, the OBBBA lowered the threshold for private activity bond (PAB) financing required to qualify for 4% LIHTCs from 50% of a development's land and building costs to 25%. On this episode of the Tax Credit Tuesday podcast, Michael No...

Rental income and operating expenses for low-income housing tax credit (LIHTC) properties have seen significant increases over recent years. On this episode of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Kelly Gorman review the 2025 Novogradac Low-Income Housing Tax Credit Income and Operating Expenses Report, which provides an in-depth look at 2024 rental incom...

Several major legislative changes rocked the tax credit world, last year. Key developments such as the One Big Beautiful Bill Act (OBBBA) will shape the tax credit landscape in 2026 and beyond. On this episode of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac's Chief Public Policy Officer Peter Lawrence explore the current state of tax credit legislation and what may be on...

The Community Development Financial Institutions (CDFI) Fund announced the awarding of $10 billion in new markets tax credit (NMTC) allocation authority Dec. 23, 2025, 'for the combined 2024-2025 allocation round, a record-breaking amount of aggregate issuance authority that led to a record-breaking number of awardees. On this episode of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and...

Public housing authorities (PHAs) are increasingly finding that common funding opportunities such as U.S. Department of Housing and Urban Development (HUD) financing is not meeting their operational or capital needs. With recent policy changes on the horizon that will further drain PHA resources, many are turning to programs such as Rental Assistance Demonstration (RAD). On this episode of the Tax...

Developers of affordable rental housing using low-income housing tax credits (LIHTCs) want to know what they can include in eligible basis calculations. In the latest installment in the "So You Want to Be a LIHTC Developer" series of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Christina Apostolidis, CPA, discuss three issues around eligible basis. First, they di...