Tax Credit Tuesday Podcasts

On our podcast this week we will review recently released updated guidance regarding the IRS safe harbor for allocating Section 45 production tax credits among partners in a wind energy partnership. On a related subject, we will review the details of proposed legislation that would expand the existing Section 45L tax credit for builders of energy-efficient new homes to cover residential rental hou...

Today is Tuesday, September 22nd, 2009. This week we will talk about President Obama's nomination of Michael F. Mundaca to be Treasury Assistant Secretary for Tax Policy. We will also discuss last week's Financial Services Committee hearing on the Community Reinvestment Act as well as two related topics concerning financial regulatory reform. The two related topics are ' one - the Federal Housing...

Today is Tuesday, September 15th, 2009. I am in Washington D.C. this week to attend a housing tax credit association board meeting and conference. I am also meeting with several members of Congress and their staff. This week we have breaking news about a proposal from the U.S. Department of Housing and Urban Development. The proposal is to discontinue, yes, discontinue, its hold harmless policy in...

Today is Tuesday, September 8th, 2009. I hope that all our listeners had a nice Labor Day holiday. This week we will examine the details of the awards made by Treasury last week under the Recovery Act's Section 1603 program. Under the Section 1603 program, the Treasury Department provides cash grants in lieu of taxpayers claiming renewable energy tax credits. We will also detail the results of the...

Today is Tuesday, September 1st, 2009. I am back in beautiful San Francisco. My family and I are back from our trip to Peru and the Galapagos Islands. This week we will review a recently released status update from the chairman of the CDFI Fund's Community Development Advisory Board. Then we will review a report released last month that evaluates two housing programs funded by Proposition 1C, a $2...

Today is Tuesday, August 25th, 2009. I am in Central America this week, and I apologize in advance if the audio recording quality is not as good as usual. Next week I am back in the United States and the audio quality should improve. This week we have several major topics to cover. First, we will discuss the most recent edition of the Joint Center for Housing Studies' annual report on the state of...

Today is Tuesday, August 18th, 2009. I am recording this podcast from Cusco, Peru. Apologies in advance if the recording clarity is not as good as usual. My family and I will be visiting Machu Picchu later this week. This week we have several major topics to cover. First, we will discuss the new 2.3 billion dollar Advanced Energy Manufacturing Tax Credit program. This program was officially opened...

Today is Tuesday, August 11th, 2009. This week we will review the Department of Energy's recent announcement that billions of dollars in loan guarantees are available for renewable energy projects. Then we'll examine the proposed 2010 fair market rents that were released last week by the Department of Housing and Urban Development. We will also review the improvements to the New York State Histori...

Today is Tuesday, August 4th, 2009. This week we have another update on the Tax Credit Assistance Program, also known as TCAP, and the tax credit exchange program, also known as the Section 1602 program. Then we will examine the new Section 48C Qualifying Advanced Energy Project Investment Tax Credit. We will also share some of the comments the NMTC Working Group is preparing to send to the CDFI F...

Today is Tuesday, July 28th, 2009. This week we will review the status of the Housing appropriations bills being considered in Congress. Then we will share an update from the Treasury Department about the Build America Bonds program. We also have news from Fannie Mae about its multifamily financing activities through the first half of 2009. And finally, we will review a report about developments i...

Today is Tuesday, July 21st, 2009. This week we will review the highlights of a Financial Services subcommittee hearing in the House of Representatives about preserving affordable housing. Then we will examine the latest proposal to codify the economic substance doctrine and we'll discuss what that could mean for the tax credit community. And finally, we will summarize some of the many staffing ch...

Today is Tuesday, July 14th, 2009. This week we have a lot of exciting developments to share. First, we have a summary of Treasury Department guidance for the Section 1602 low-income housing tax credit exchange program, as well as a summary of guidance for the Section 1603 grant exchange program for renewable energy investment tax credits. We will also update you on the status of proposed regulati...

Today is Tuesday, July 7th, 2009. This week we will discuss House Financial Services Committee Chairman Barney Frank's proposal to use TARP dividends to fund the Affordable Housing Trust Fund. We will also share a letter submitted by the Affordable Housing Tax Credit Coalition to Chairman Frank and Senate Banking Committee Chairman Chris Dodd regarding a rumored secondary market LIHTC transaction...

Today is Tuesday, June 30th, 2009. This week we will discuss a legislative effort to clarify that GO Zone and disaster tax credits are eligible for the Section 1602 exchange program of the Recovery Act. We will also review some of the highlights of last week's Financial Services Committee hearing on affordable housing preservation.

Today is Tuesday, June 23rd, 2009. This week we have news about the low-income housing tax credit programs created by the Recovery Act. We will also review last week's congressional committee hearing about the new markets tax credit program.

Today is Tuesday, June 16th, 2009. I am in Los Angeles today, speaking at the National Council of State Housing Agencies (or NCSHA's) annual low-income housing tax credit conference. I am also speaking at the Affordable Housing Investors Council or AHIC meeting, as AHIC members are meeting before the public sessions of the NCSHA meeting. Representatives from the Department of Housing and Urban Dev...

Today is Tuesday, June 9th, 2009. This week we have news about a recent report released by the GAO that examines minority entities' participation in the new markets tax credit program. We also have several updates about the Treasury Department's LIHTC exchange program and HUD's Tax Credit Assistance Program, or TCAP. But first, I would like to mention a quick update related to last week's discussi...

Today is Tuesday, June 2nd, 2009. This week we will review the new markets tax credit awards that were announced last week as part of the American Recovery and Reinvestment Act of 2009. We will also examine a legislative proposal to prohibit tax patents. And finally, we will discuss an invitation to comment about using FHA-insured multifamily mortgages with low-income housing tax credits and tax-e...

Today is Tuesday, May 26th, 2009. This week we will examine two proposals that would change carry back rules ' one for net operating losses and another for low-income housing tax credits. We also have an update to share regarding the renewable energy grant program created by the Recovery Act of 2009. Let's get started with a look at the Net Operating Loss Carryback Act.

Today is Tuesday, May 19th, 2009. This week we will share highlights from the LIHTC conference we held last week in New Orleans. We will also discuss the details of the Green Book, which is a description of the Obama administration's proposals to raise taxes to help offset spending increases and reduce the deficit. But first, we have news about the seventh round of new markets tax credit allocatio...

Today is Tuesday, May 12th, 2009. This week we will discuss the Department of Housing and Urban Development's recent announcement about its Neighborhood Stabilization Program. Then we will share some good news from the IRS about utility allowances for low-income housing tax credit properties. We will also examine the recently-approved state new markets tax credit in Florida. But first, we have an...

Today is Tuesday, May 5th, 2009. This week we will discuss a letter from the Treasury Department regarding the lowincome housing tax credit exchange program that was created by the Recovery Act of 2009. We will also review a report from the Joint Committee on Taxation about tax expenditures for renewable energy conservation and production. And finally, we'll bring you up to speed on the latest new...

Today is Tuesday, April 28th, 2009. This week we will examine a proposal to create a national entity called the Green Bank, which would provide financial support for qualified clean energy projects and qualified energy efficiency projects. We will also review the status of legislative efforts in a number of states to create or amend state historic tax credit programs. And finally, we have another...

This week we will focus on what we know about the federal guidance being developed for the implementation of the low-income housing tax credit provisions of the Recovery Act of 2009.

Today is Tuesday, April 14th, 2009. First up this week we have recently released guidance from the IRS about two types of tax credit bonds for renewable energy. Next up, we explain legislation that was recently reintroduced in the House of Representatives that would tax all income generated from "carried interests" as ordinary income as opposed to how current tax law allows some of this income to...