Tax Credit Tuesday Podcasts

The Emerging Issues Task Force of the Financial Accounting Standards Board is considering changing the generally accepted accounting practices for tax credit investments beyond the low-income housing tax credit (LIHTC), a move that could alter the landscape for investors. Michael Novogradac, CPA, and partner Brad Elphick, CPA, discuss the state of play for potential changes to the proportional amo...

The year 2022 could be transformational for public housing authorities (PHAs) in terms of development opportunities and challenges. Michael Novogradac, CPA, and Novogradac partner Rich Larsen, CPA, discuss hot topics for PHAs and strategies to help them address their operating needs, as well as their capital needs. They'll discuss the current status of federal funding for PHAs and why 2022 is a cr...

Sen. Joe Manchin, D-West Virginia, announced Sunday that he wouldn't vote for the Build Back Better Act'a crucial blow to the signature legislation of President Joe Biden's administration, a bill that included major green energy and affordable housing provisions. In today's podcast, Michael Novogradac, CPA, is joined by Novogradac director of public policy and government relations Peter Lawrence a...

Provisions in the Build Back Better Act (BBBA) could have a major impact on the affordable housing world. Michael Novogradac, CPA, is joined by Novogradac director of public policy and government relations Peter Lawrence and Dirk Wallace, CPA, a partner at Novogradac, to discuss the legislation and what developers and other affordable housing stakeholders should be doing to prepare for potential l...

There's a "new normal" for low-income housing tax credit (LIHTC) compliance monitoring. Certain LIHTC compliance requirements in place today are different from requirements that were in place before the pandemic. Michael Novogradac, CPA, and Novogradac's director of compliance, Stephanie Naquin, discuss how the new compliance regime affects state allocating agencies, property owners and managers,...

Federal tax legislation in 2017 limited the deductibility of state and local taxes for individuals to $10,000 per year'but subsequent IRS guidance and changes in state laws have provide an opportunity for taxpayers to select an alternative tax regime for savings. In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, Novogradac partner Tom Boman, CPA and Novogradac principal Reza Kari...

Learn about the 2022 qualified census tract (QCT) and difficult development area (DDA) designations and what they mean for low-income housing tax credit developers and properties. In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, Novogradac partner Jim Kroger, CPA, and Novogradac manager Sun-Ae Woo, CPA, discuss observations about the 2022 designations and how the COVID-19 pandem...

Operating expenses for low-income housing tax credit-financed properties faced significant changes due to the COVID-19 pandemic of 2020 and the Novogradac Multifamily Rental Housing Operating Expense Report examines those trends. Michael Novogradac, CPA, discusses the report and its implications with Blair Kincer, MAI, CRE (LEED). They discuss the overall trends in operating expenses for 2020, loo...

Opportunity zones (OZ) rules are straightforward and manageable for those who understand them and who work with them regularly, but those who are inexperienced in OZs may be unaware of potential pitfalls from which it can be difficult or nearly impossible to recover. Michael Novogradac, CPA, and Novogradac's managing partner, discusses with Novogradac partner John Sciarretti, CPA, how newcomers ca...

The framework of President Joe Biden's Build Back Better plan, released last week, would provide about $550 billion for green energy investment. In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Tony Grappone, CPA, discuss the implications of that potential legislation for renewable energy developers. They discuss what questions developers are asking about...

If enacted as proposed, the Neighborhood Homes Tax Credit would make about $2 billion in annual tax credit authority available nationwide. In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac housing policy consultant Mark Shelburne discuss considerations for state allocating agencies as they prepare for potential enactment of the Neighborhood Homes Tax Credit. They d...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and George Barlow, CPA, discuss how developers who use federal historic tax credit (HTC) equity in their transactions should address potential legislative changes in the HTC. They look at how this is similar to the period of uncertainty about IRC Section 50(d) income, how effective dates come into play and what to specifically add...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Thomas Stagg, CPA, discuss how a major U.S. Census Bureau announcement will affect income and rent limits for many affordable housing properties in 2023. They discuss how these changes will affect low-income housing tax credit properties and what property owners should do about these changes.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Jeff Nishita, CPA, discuss how developers and investors who are new to the low-income housing tax credit (LIHTC) can use the incentive finance affordable housing for low-income families and individuals. They discuss 4% and 9% LIHTCs, how LIHTC developers are compensated for their work and for the risks they...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partners Amanda Read, CPA, and Brent Parker, CPA, discuss the 2021 Capital Magnet Fund (CMF) award round, which opened recently and has several approaching deadlines. They discuss the $380 million CMF round, including how it differs from previous rounds. They then talk about who is eligible to participate in the Cap...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Nicolo Pinoli, CPA, discuss key issues that developers and investors of low-income housing tax credit (LIHTC) properties face at Year 15, a critical juncture the marks the end of the 15-year compliance period LIHTC-financed properties. They discuss Year 15 options, considerations and potential hurdles.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Tom Boccia, CPA, discuss the historic tax credit equity market, including tax credit equity pricing, the types of transactions that are popular and more. They also highlight a few of the steps that developers can take to enhance the financial feasibility of their property. As part of that segment, they discu...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partners Brad Elphick, CPA, and Rebecca Darling, CPA, discuss highlights from the calendar-year 2020 new markets tax credit (NMTC) allocation round. They also discuss what 2020 NMTC allocation awardees and those who did not receive an award should be doing to prepare for the 2021 allocation round. They share tips fo...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Nat Eng, CPA, discuss opportunities for individual investors in solar developments. They discuss reasons for an increased interest in individual solar investment, limitations for individual investors in solar, as well as case studies of individual solar investor types. They close with suggested next steps fo...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, Novogradac partner Jim Kroger, CPA, and Novogradac principal Melissa Chung, CPA, discuss the 50% test for affordable rental housing properties financed by private activity bond (PABs) and 4% low-income housing tax credits (LIHTCs). They discuss how the 50% test works, potential complications, what developers can do to avoid failin...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac compliance experts Thomas Stagg, CPA, and Stephanie Naquin discuss how LIHTC property owners and managers can prepare for Oct. 1, when temporary compliance relief expires. They outline how to plan for four areas of expiring compliance relief: annual income recertifications, physical inspections and tenant file revie...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner John Sciarretti, CPA, discuss highlights from the Novogradac Opportunity Zones Investment Report: Data Through June 30, 2021. In addition to top-level fundraising amounts, they discuss the types of businesses that are receiving opportunity zones (OZ) investment, geographic placement of OZ investments, averag...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, Novogradac partner Nicolo Pinoli, CPA, and Bob Ibanez, a Novogradac senior public policy manager discuss the upcoming calendar-year 2021 new markets tax credit (NMTC) application round, including the timing of the 2020 awards and the opening of the next round. They also discuss community development entity (CDE) eligibility issues...

In the 700th weekly Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Dirk Wallace, CPA, discuss the proposed middle-income housing tax credit (MIHTC), including the incentive's purpose, how it compares to the low-income tax credit in size and mechanics, where it would work best and what developers should be considering now to be prepared if the proposal becomes law. They...

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Dirk Wallace, CPA, discuss the proposed neighborhood homes tax credit (NHTC), including what needs the incentive would meet, where it would likely be used and how it would be allocated. They also discuss recapture regulations, how states might adjust regulations to meet their needs and who would be the likel...