In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides an update on the presidential primaries. Then, he covers what some Congress members are doing to promote funding for certain housing and economic development programs. In the low-income housing tax credit section, he discusses what one coalition of affordable housing investors had to say about Fannie Mae and Freddie Mac resuming low-income housing tax credit investments. He also talks about HUD’s efforts to streamline administration of its multifamily programs. After that, he will give a reminder about an upcoming Real Estate Assessment Center deadline. In new markets tax credit news, he shares highlights from a speech delivered last week by CDFI Fund Director Annie Donovan and what she outlined as a framework for the future of CDFIs. Next, he shares how much funding will be available for the fiscal year 2016 round of the Capital Magnet Fund. In the historic tax credit section, he has details for listeners on the long-awaited Senate version of the Historic Tax Credit Improvement Act of 2015. He compares and contrasts the Senate bill with the House version introduced in October. In state-level news, he summarizes two new Alabama bills introduced to extend the state historic tax credit program. And he closes out with renewable energy tax credit news, where he discuss one U.S. senator’s proposal to extend the renewable energy investment tax credit through the year 2025.
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