In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with the general news section where he discusses the unexpectedly dramatic race to elect a new speaker of the House and what fiscal deadlines the speaker will need to address before the end of the year. In the affordable housing section, he’ll talk about a new housing reform bill that was introduced to streamline several housing programs. Then, he highlights HUD’s upcoming deadlines for processing mixed-finance developments. In state-level news, he shares an update on two California low-income housing tax credit bills. In new markets tax credit news, he tells listeners which entity the CDFI Fund chose to provide group training and assistance to minority certified community development entities. After that, he moves to the historic tax credit section, where he talks about which preservation advocate received an award for her part in getting her state’s historic tax credit program reinstated. He closes out with the renewable energy tax credit section, with information on a new bill that would eliminate the production tax credit. He discusses why the bill could be a good thing for the wind energy industry—at least for now. Then, he tells listeners how they can provide input on how Treasury and the IRS should define certain types of properties that qualify for the renewable energy investment tax credit.
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