In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates listeners on the progress of Shaun Donovan and Julian Castro’s nominations for the top spots at the Office of Management and Budget and the U.S. Department of Housing and Urban Development, and he discusses new House Majority Whip Steve Scalise’s voting record and a new report from the U.S. National Advisory Board on Impact Investing. In new markets tax credit news, he alerts listeners to a request for information related to the Community Development Financial Institutions Fund’s efforts to bring more minority community development entities into the New Markets Tax Credit program, discusses a letter from 50 U.S. Representatives that urges an extension of the New Markets Tax Credit program and reminds listeners of the soon-to-beclosed window for nominating CDEs for the Community Development QLICIs of the Year Awards. In low-income housing tax credit news, he discusses the latest “State of the Nation’s Housing” report from the Harvard Joint Center for Housing Studies and the affordable housing programs included in California’s new budget and then shares some news the Internal Revenue Service’s Grace Robertson’s impending retirement. In historic tax credit news, he discusses the federal historic tax credit program, which the National Trust for Historic Preservation has included on its 2014 list of America’s 11 Most Endangered Historic Places, and alerts listeners to a moratorium on Wisconsin’s historic tax credit program. In renewable energy tax credit news, he reports on a Treasury’s Office of the Inspector General audit of six projects funded through the Section 1603 cash grant program, as well as legislation that would extend the investment tax credit to combined heat and power projects and waste heat to power projects.
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