In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins the general news section with an announcement of the 2016 distressed or underserved non-metropolitan, middle-income geographies where qualified community development activities would qualify for Community Reinvestment Act consideration. In the low-income housing tax credit section, he discusses details of the Federal Housing Finance Agency’s 2015 Report to Congress. He will also talk about a proposed rule change on how Housing Choice Vouchers would be administered in certain metropolitan areas. In new markets tax credit news, he shares news about a competition hosted by the CDFI Fund to encourage innovative ideas in serving underserved communities. In the historic tax credit section, he discusses a useful new source of gap financing for Ohio developers. And he closes out with renewable energy tax credit news, where he recaps last week’s Senate Finance Committee hearing on energy tax incentives. He will also outline a new bill that was introduced to encourage investment in offshore wind projects.
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