In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, provides an update on legislation that was introduced to repeal the opportunity zones incentive. Next, he shares insight into democratic presidential candidate affordable housing plans as well as a bill that was introduced that would bar jurisdictions form using a high-housing cost adjustment to calculate area median income. Then, he discusses income and rent limits for 2020 and 2021, and the operating cost adjustment factors for 2020. He closes with a roundup of news on the Community Reinvestment Act, opportunity zones, public housing and Wisconsin’s low-income housing tax credit allocation plan.
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