In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with some news from Washington about how the threat of a presidential veto has affected the progress of tax extender legislation. He also provides an update on the upcoming deadline for Congress to approve new spending authority for federal agencies and discretionary programs in order to avoid yet another government shutdown. In low-income housing news, he addresses how some options presented by the Congressional Budget Office to reduce the federal deficit would hurt the affordable housing community if actually implemented by Congress. He also speaks on Sen. Al Franken's latest efforts to rally support for providing affordable housing to formerly homeless students and veterans. Then he shares some news about $30 million in grants that will be offered next year through HUD's Choice Neighborhoods Implementation program, and finally, he rounds out the section with an update to H.R. 4717, a bill that would create a permanent rate floor for the 9 percent and 4 percent low-income housing tax credits. Next, he tells listeners about an opportunity to work with the CDFI Fund on reviewing CDFI Program and Native American CDFI Assistance Program applications. Then he discusses co-sponsor updates to the Creating American Prosperity through Preservation or CAPP Act, and the Rural Heritage Conservation Act of 2013, two bills that would make the historic tax credit more effective and accessible. Finally, he wraps up by reviewing a new poll showing that the majority of voters support extending the production tax credit. He also alerts listeners to where they can hear expert panel discussions on the latest renewable energy tax credit topics.
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