In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides a detailed description of the president’s proposed budget for fiscal year 2017. He talks about how the proposals would affect HUD, the low-income housing tax credit, the new markets tax credit and renewable energy investment and production tax credits. He also discusses a new congressional task force that was created to address the issue of tax reform this year. In the low-income housing tax credit section, he shares two pieces of news for affordable housing. One is about an inclusionary housing policy in the San Francisco Bay Area. The other is one state’s proposal to create its own low-income housing tax credit. In new markets tax credit news, he talks about a new report from Enterprise Community Partners Inc. that includes a host of housing and community development policy recommendations, one of them to make permanent and expand the new markets tax credit. Then in the historic tax credit section, he talks about an Oklahoma bill that would greatly endanger historic preservation there by suspending the state historic tax credit for two years. And he closes out with renewable energy tax credit news where he discusses how listeners can join HUD’s Better Building Challenge to increase energy efficiency in developments.
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