In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he talks about potential assignments for the tax-writing Senate Finance Committee and House Ways and Means Committee in the next Congress. He also shares news about an upcoming Novogradac webinar on what the election means for affordable housing and community development. In low-income housing tax credit news, he discusses HUD's fiscal year 2017 annual adjustment factors for Housing Assistance Payment contracts. Then, he has two updates from California, where lawmakers have introduced a bill to boost the state low-income housing tax credit to $300 million per year. He also talks about an announcement from California's state allocating agency that it will extend the 2016 low-income housing tax credit readiness deadlines for its state program. In new markets tax credit news, he discusses some changes that the CDFI Fund is making to its allocation agreement. He also shares the CDFI Fund's monthly qualified equity investment issuance report. He concludes with our historic tax credit section, where he talks about the overwhelming support to extend an Illinois historic tax credit program for another year.
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