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 Protection Program Flexibility Act of 2020 (H.R. 7010). He also shares an update on infrastructure legislation that may be a vehicle for affordable housing and community development provisions. He discusses potentially good news about California’s state budget proposal in relation to California state low-income housing tax credits. He closes with highlights of the new Novogradac Rental Assistance Demonstration Handbook.
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