In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with a brief recap of where presidential candidates stand after last week's Indiana contests. He'll also touch on a tax overhaul hearing scheduled by the House Ways and Means Tax Policy Subcommittee this week. In the low-income housing tax credit section, he discusses how much will be available for the inaugural allocation of the National Housing Trust Fund. Then, he discusses the Federal Housing Finance Agency's adjustment of multifamily lending caps for Fannie Mae and Freddie Mac. After that, he shares one report's findings about the potential benefits of clustering low-income housing tax credit properties in low-income areas. In new markets tax credit news, he talks about a Dear Colleague letter that urges House Ways and Means Committee leadership to make the NMTC a legislative priority. Then, he discusses a bill designed to attract more investments in economically distressed communities. In the historic tax credit section, he shares how listeners can submit nominations for the National Trust for Historic Preservation's 11 Most Endangered Historic Places. In state historic tax credit news, he talks about a proposal in Mississippi to double the state historic tax credit's program cap and has breaking news on the state historic tax credit in Alabama. And he closes out with renewable energy tax credit news, where he talks about new IRS guidance on safe harbors and the production tax credit. Finally, he'll discuss a milestone recently achieved by the renewable energy industry.
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