Tax Credit Tuesday Podcasts

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses the 2019 new markets tax credit awards from the CDFI Fund. Then, he shares highlights from the Novogradac 2020 Opportunity Zones Virtual Conference, and he shares panel discussions from Novogradac's Affordable Housing Friday Forum. Next, he talks briefly about the Economic Justice Act'a legislative proposal that would...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses a proposal from presumptive Democratic nominee Joe Biden and Sen. Bernie Sanders to make significant investments in affordable housing, renewable energy and community development, which includes a recommendation to expand and make permanent the new markets tax credit. Then he shares highlights from the Novogradac Affor...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses IRS Notice 2020-53 that provides anticipated COVID-19 relief measures for low-income housing tax credit properties. Then, he talks about the Joint Committee on Taxation's scoring of provisions in the Moving Forward Act infrastructure legislation, which contains low-income housing tax credit, new markets tax credit, hi...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares highlights from the Affordable Housing Friday Forum on key low-income housing tax credit proposals that Congress may consider this year or next year, and he highlights how low-income housing tax credit investment can be affected by the Office of the Comptroller of the Currency's Community Reinvestment Act reform as well...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses details of an infrastructure package that was introduced by House Democrats called The Moving Forward Act, which includes proposals to expand and enhance the low-income housing tax credit, new markets tax credit, historic tax credit and renewable energy tax credits. Then, he talks about two opportunity zones reports,...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses recently released disaster relief guidance from the IRS for new markets tax credit transactions. The guidance extends deadlines for community development entities and qualified new markets tax credit businesses. Next, he discusses the California state budget proposal and investors' ability to claim the state low-incom...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares Notice 2020-39, an update about IRS disaster relief guidance for opportunity zones investors, funds and businesses. Then, he talks about HUD's Opportunity Zones Toolkit: Volume II, a guide to help local communities create opportunity zones plans. After that, he discusses provisions of the recently enacted Paycheck Protect...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares an update about two extended continuity safe harbors for renewable energy investment tax credit and production tax credit properties affected by the COVID-19 pandemic. Then, he discusses an announcement from Treasury and the Small Business Administration to set aside funding from the Paycheck Protection program for CDFIs....

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses the final rule amending Community Reinvestment Act Regulations that was released by the Office of the Comptroller of the Currency. Next, he talks about proposed regulations released by Treasury that clarify rules for the federal historic tax credit. He then discusses an outline of affordable housing policies that Sen....

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares findings from a Novogradac-NCSHA report that analyzes the impact of lowering the 50 percent test for 4 percent tax-exempt bond financed properties. Next, he discusses a few updates to the Paycheck Protection Program including loan forgiveness and increases in loan amounts. Then, he talks about provisions in the Health and...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares important guidance and legislative updates regarding the Paycheck Protection Program. Next, he discusses the Emergency Rental Assistance and Rental Market Stabilization Act of 2020 that was introduced in the House and Senate, which creates a $100 billion emergency rental assistance fund. Then, he shares highlights from a...

In this week's Tax Credit Tuesday, Michael J. Novogradac CPA, shares updates on guidance from the Internal Revenue Service relating to the review and certification of Paycheck Protection Program loans. Then, he shares an exciting announcement about a Novogradac Opportunity Funds Listing milestone for funds raised. Next, he discusses Revenue Procedure 2020-21 and IRS Notice 2020-25 which give tempo...

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA covers the recently enacted Paycheck Protection Program and Health Care Enhancement Act. Then, he discusses future COVID-19 relief legislation that may include provisions of the Affordable Housing Credit Improvement Act, the HTC-GO Act and an increase in the federal historic tax credit percentage. He wraps up with news of a fort...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, gives an update on COVID-19 relief legislation including proposals for additional funding for the Small Business Association's Paycheck Protection Program, establishing a minimum 4 percent floor for the low-income housing tax credit and a reduction of the 50 percent test. Then he talks about the introduced Opportunity Zone Exte...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA continues coverage of responses to the COVID-19 pandemic. He discusses proposed relief legislation and future phases of COVID-19 relief legislation. Next, he discusses Notice 2020-23 from the IRS which, among other provisions, extends the 180-day deadline to invest capital gains in qualified opportunity funds. He then talks abou...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses next steps for a fourth phase of COVID-19 relief legislation and what provisions could be included. Next he discusses the challenges that the COVID-19 pandemic is bringing to the affordable rental housing community, including low-income housing tax credit financed housing. Then, he talks about the HUD income limits for...

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA outlines provisions of the recently passed Coronavirus Aid, Relief and Economic Security, or CARES, Act. Then, he discusses how the COVID-19 pandemic could affect future HUD income limits. He wraps up with news from USDA Rural Development on changes to single-family and multifamily housing related to the COVID-19 pandemic.

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA outlines several COVID-19 relief legislation packages including the recently enacted Families First Coronavirus Response Act (H.R. 6201). He also discusses several proposed bills, including the Coronavirus Aid, Relief and Economic Security Act, or CARES Act (S. 3548), a draft bill from House Speaker Nancy Pelosi and the Financia...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, talks about federal coronavirus relief legislation and how housing and community development could play a role in those initiatives. He also discusses what coronavirus resources and relief may be available for various tax credit communities. He closes out with an update from the Federal Housing Financing Agency on its evaluatio...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, talks about low-income housing tax credit and private activity bond allocation limits in 2020. Then, he shares an update on cosponsors for the Affordable Housing Credit Improvement Act, and discusses an energy extenders amendment to the American Energy Innovation Act introduced by Senate Finance Committee Ranking Member Ron Wyd...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the fiscal year 2019 Capital Magnet Fund Awards and how to prepare for the fiscal year 2020 round. Then, he talks about the notice of funding availability for the CDFI program and the Native American CDFI Assistance program. He wraps up with news on updated guidance from HUD on how to layer subsidies for project-based...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA talks about when he expects HUD's 2020 income limits to be released and what can be expected from the updated figures. Next, he shares news of the comment period extension for proposed CRA regulations, and discusses the enactment of a state LIHTC program in Maine. Finally, he discusses legislation in Connecticut that would expan...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses more details on the Trump administration's fiscal year 2021 budget request and how the request could affect affordable housing and community development. Next, he talks about mention of the low-income housing tax credit during a Senate Finance Committee hearing on the president's budget request. Then, he shares an anno...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac CPA, talks about key points from the Trump Administration's budget proposal. Specifically, he talks about what the budget proposes for affordable and public housing funding. Next, he talks about President Trump's mention of opportunity zones in the State of the Union address. He then discusses a public housing hearing held by the Hou...

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac CPA, discusses an infrastructure plan that was released by House Ways and Means Democrats called Moving Forward. Next, he discusses an emergency supplemental appropriations bill that would provide additional appropriations to Puerto Rico to help rebuild after recent earthquakes. He then shares an update on CRA reform and discusses ke...