In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he discusses a special meeting held by the House Republican Ways and Means members last week, as well as what he thinks GOP leaders hope to accomplish in tax reform. In low-income housing tax credit news, he reviews the Federal Housing Finance Agency's final rule on Fannie Mae and Freddie Mac's duty to serve underserved markets'plus, what the final rule means for the low-income housing tax credit equity market. Then he talks briefly about guidance that a recent revenue ruling and IRS notice provided to state allocating agencies on low-income housing tax credits and complying with fair housing rules. In new markets tax credit news, he reviews the CDFI Fund's planned update of census eligibility and how that affects where new markets tax credit investments can be made. Then, he shares a few key deadlines for the fiscal year 2017 round of the CDFI Bond Guarantee program. In the historic tax credit section, he discusses the Historic Tax Credit Coalition's urgent call for advocacy action. He closes out with the renewable energy section, where he talks about recent clarification from the IRS on beginning-of-construction deadlines for the investment tax credit and production tax credit.
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