In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off talking about the fiscal year 2016 funding bill approved by the Senate Appropriations Committee for Transportation, Housing and Urban Development, and Related Agencies. In particular, he discusses which affordable housing program could get slashed by more than $800 million. In the low-income housing tax credit segment, he shares what the Supreme Court's recent ruling on housing discrimination could mean for the affordable housing community. Then, he highlights a new report on the state of the nation's housing and how cuts to federal programs could be detrimental to low-income families. In new markets tax credit news, he updates listeners on the status of legislation to make the new markets tax credit a permanent part of the tax code. In the historic tax credit section, he shares news about three state historic tax credit programs. They include an extension and an expansion, plus a new provision in one state historic tax credit program that's good news for nonprofits. In the renewable energy tax credit section, he talks about federal legislation that was introduced in both the House and Senate last week that could make renewable energy more attractive to private investors.
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