In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section, where he discusses the Louisiana Flood and Storm Devastation Tax Relief Act of 2016 (H.R. 6137). In the low-income housing tax credit section, he discusses the Middle-Income Housing Tax Credit Act of 2016 (S. 3384), a bill that would create the middle-income version of the low-income housing tax credit. After that, he shares an update on Inclusive Communities Project Inc. v. the Texas Department of Housing and Community Affairs, a fair housing case that could change how state agencies across the country allocate low-income housing tax credits. Then, he provides a brief reminder of upcoming HUD deadlines for closing mixed-finance transactions before the end of the year. After that, he talks about a new progress report from HUD on its Rental Assistance Demonstration or RAD program. Then he rounds out the housing section with state news from Nebraska, where the state allocating agency said it would delay publishing proposed rules for its state low-income housing tax credit. In new markets tax credit news, he discusses the CDFI Fund's announcement of the first Capital Magnet Fund awards since 2010. And in other CDFI news, he congratulates Lisa Jones of the CDFI Fund who was honored with a civic service award for her work to start the CDFI Bond Guarantee program. In the historic tax credit section, he talks about the launch of the Novogradac Historic Tax Credit Mapping Tool and how it can help historic tax credit developers and investors plan future projects. And he closes out with renewable energy tax credit news, where he touches on a letter submitted to Congress by more than 50 businesses that are pushing for certain renewable energy tax extenders this year.
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