In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses House Majority Leader Kevin McCarthy’s voting record, Shaun Donovan’s confirmation hearings for the top spot at the Office of Management and Budget, and Sen. Ron Wyden’s 15-month window for tax reform. In new markets tax credit news, he shares some remarks about the next round of the New Markets Tax Credit program from New Markets Tax Credit Program Director Bob Ibanez, a report from Native American Capital that compares the loan loss rates of new markets tax credit loans to those of collateralized mortgage-backed securities, and the addition of a new qualified issuer for the Bond Guarantee program. In low-income housing tax credit news, he discusses a call from A.C.T.I.O.N. to support for legislation that creates a permanent 9 percent floor for the low-income housing tax credit program, Julian Castro’s remarks at his confirmation hearing for Secretary of the Department of Housing and Urban Development and good news about California’s budget. In historic tax credit news, he shares updates from Rhode Island and Maryland. In renewable energy tax credit news, he alerts listeners to an article about Novogradac Journal of Tax Credits article about development fees for renewable energy projects.
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