In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, with a discussion about the status of the Senate Transportation, Housing and Urban Development (THUD) funding bill for fiscal year 2016. Then, he talks about when House Ways and Means Chairman Paul Ryan would like Congress to tackle tax extenders legislation. In the low-income housing tax credit segment, he shares the latest guidance from the U.S. Department of Housing and Urban Development on its Rental Assistance Demonstration, or RAD, program. Then, he touches on the Federal Housing Finance Agency’s annual report to Congress. After that, he shares a California Supreme Court decision that gives significant power to local governments when setting affordable housing standards for developers. Also in that section, he highlights a report on how the federal low-income housing tax credit is doing in Tennessee. In new markets tax credit news, he provides details about a new awards management information system that will be implemented by the Community Development Financial Institutions (CDFI) Fund. In the historic tax credit section, he has great news about two state historic tax credit programs. Then, in the renewable energy tax credit section, he shares what the IRS has to say about safe harbor guidance for the renewable energy investment and production tax credits. Then, he closes with news on a bill that could amend Louisiana’s solar energy tax credit bill.
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