In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he shares an invitation from the Treasury Department to comment on the Capital Magnet Fund application process and annual report. He also touches on what representatives from the IRS, Treasury and CDFI Fund had to say recently about the lowincome housing tax credit, new markets tax credit and historic tax credit. In the low-income housing tax credit section, he discusses the National Low Income Housing Coalition’s report on some of the reasons why affordable housing is out of reach for a growing number of renter households. He then previews the State of the Nation’s Housing report, which will be released by the Joint Center for Housing Studies this month. In state housing news, he discusses one California bill that could make the state low-income housing tax credit more attractive to investors. In new markets tax credit news, he shares the latest Qualified Equity Investment issuance report and how much allocation authority has been issued to investors in the past month. In the historic tax credit section, he discusses what one Treasury Inspector General for Tax Administration audit found about oversight of historic rehabilitation tax credit claims. And he closes out with renewable energy tax credit news, where he provides a leadership update from the Solar Energy Industries Association.
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