In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with an update from Washington regarding a spending package and tax extender legislation, both signed by President Barack Obama last week. He also shares an update about congressional committee assignments for 2015. Next, he discusses a recent report on how “lifecycle underwriting” and other strategies could affect the long-term affordability and availability of low-income housing properties. He also talks about a California state low-income housing tax credit introduced for rehabilitating older housing that serves rural, very-low and extremely-low-income tenants. In the new markets tax credit segment, he shares the findings of a report on how diverse investments in economically underserved neighborhoods can improve entire communities. In the historic tax credit section, he reviews a recent announcement of awardees under Maryland’s state historic tax credit program. Finally, he discusses a report on how renewable energy tax credits can play a significant role in reducing the installation costs of solar photovoltaic systems.
Activity