Tax Credit Tuesday Podcasts

Each Tax Credit Tuesday, Novogradac & Company LLP's audio broadcast offers an in-depth weekly look at tax credit topics. A new episode is posted here and on the RSS Feed by 1 p.m. Pacific Time every Tuesday.

Published by Michael Novogradac on November 24, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac discusses the state of the low-income housing tax credit, including the effects of the COVID-19 pandemic. He is joined by Jeff Nishita, CPA, a partner in Novogradac’s San Francisco office. They look back on 2020 and look ahead to 2021 for the LIHTC, including the pandemic, Community Reinvestment Act reform, appetite for the credit and more. They also talk about what the LIHTC Working Group did in 2020 and what it will be focused on for 2021. They wrap up with a look ahead to the Novogradac 2020 Tax Credit Housing Finance Virtual Conference, including session topics and two keynote speakers.

Published by Michael Novogradac on November 17, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac discusses proposed regulations from the IRS concerning the average income test for low-income housing tax credit properties. He is joined by Thomas Stagg, CPA and partner in Novogradac’s Bellevue, Wash., office; Stephanie Naquin, who is a multifamily compliance consultant, based in Novogradac’s Austin, Texas, office; and Mark Shelburne, a Novogradac housing policy consultant who is based in Raleigh, N.C. The four of them discuss the average income set-aside, specific changes the IRS is proposing for the average-income test and how those changes might impact developments that use the average income structure. They wrap up by sharing what property owners should be doing now and considerations for the proposed regulation.

Published by Michael Novogradac on November 10, 2020

In this week’s continuation of the special 2020 Election Results Edition of Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss additional observations from the results of the 2020 presidential election, as well as key results in House and Senate races. They talk about how President-elect Biden’s cabinet appointments might be affected by a Republican or Democrat controlled Senate. Then, they share insight into some key legislative proposals that are on the table during the lame-duck session, and which ones could be used as a vehicle for community development incentives. They wrap up by discussing Biden’s legislative community development priorities, and what a Biden presidency could mean for Community Reinvestment Act reform and the future of Fannie Mae and Freddie Mac.

Published by Michael Novogradac on November 4, 2020

In this week’s special 2020 Election Results Edition of Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss what we know so far about the 2020 election, including the race between President Donald Trump and former Vice President Joe Biden to 270 electoral votes for the presidency, and insight on some key races for seats in the U.S. House and Senate. They also talk about some of the surprises of the 2020 election results. They wrap up by talking about how the election results might affect community development legislation in the upcoming lame duck session.

Published by Michael Novogradac on October 27, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on COVID-19 stimulus negotiations, and shares highlights from the Novogradac 2020 Opportunity Zones Fall Virtual Conference. Then, he outlines an important update about how to calculate each state’s low-income housing tax credit and private activity bond ceilings for 2021, and he discusses what you should know about the difficult development areas and qualified census tracts for 2021. Next, he talks about updates to the 2020 new markets tax credit allocation application, and he shares some state level news about S.B. 14—the bill in Louisiana that makes businesses affected by Hurricane Laura eligible for the state new markets tax credit. Finally, he talks about a proposed state low-income housing tax credit (S.B. 30) in Louisiana.

Published by Michael Novogradac on October 20, 2020

In this week’s Tax Credit Tuesday, Michael J. Novogradac, CPA, shares an update on the continued stalemate regarding COVID-19 relief legislation. Next, he shares highlights from the most recent Novogradac Opportunity Zones Working Group comment letter on the 2020-2021 priority guidance plans and ways the IRS can clarify grey areas in opportunity zones regulations. Then, he shares what qualified opportunity funds need to know about the draft Form 8997. Next, he discusses the Federal Reserve Board’s advance notice of proposed rulemaking for Community Reinvestment Act regulation changes. He wraps up with discussion of the Energy Opportunity Zones Act of 2020 (H.R. 8530), a proposal that would extend the renewable energy production tax credit and investment tax credit through the year 2050 for certain areas.

Published by Michael Novogradac on October 13, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides an update on COVID-19 relief legislation negotiations. Then, he discusses a few highlights from the 2020 vice presidential debate related to housing and renewable energy. Next, he talks about the Support Allowing Volume Exception for Federally Assisted Housing Act (H.R. 8533)—a legislative proposal that could greatly assist affordable housing and preservation. He then discusses a Novogradac blog post that analyzes what additional housing financing through the Moving Forward Act (H.R. 2) could mean for each state. He wraps up with news from HUD and what public housing authorities should know about proposed regulation changes for the Housing Opportunity Through Modernization Act of 2016.

Published by Michael Novogradac on October 6, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides details of the continuing resolution that keeps the federal government funded through Dec. 11, 2020. Then, he discusses last week’s presidential debate between President Trump and former Vice President Joe Biden in the context of affordable housing and community development. Next, he shares highlights from the Novogradac 2020 Credit and Bond Financing for Affordable Housing Virtual Conference, and discusses the recent announcement from the IRS on this year’s national pool for low-income housing tax credits. Then, he discusses details from a report by the Federal Housing Finance Agency that illustrates the importance of the low-income housing tax credits, and he talks about a bipartisan letter from the House ways and Means Committee urging the CDFI Fund to ensure Native communities can access the new markets tax credit. He wraps up with discussion of the CDFI Fund’s recent approval of a $100 million guarantee under the CDFI Bond Guarantee program, and state-level disaster recovery news from Louisiana (H.B. 25) and California.

Published by Michael Novogradac on September 29, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the upcoming presidential debate and what Novogradac will be looking for as far as discussion of community development and affordable housing. Next, he discusses the status of federal funding negotiations to keep the entire federal government open until Dec. 11 of this year. Then, he shares highlights from the Novogradac 2020 Historic Tax Credit Virtual Conference, including insights on how the pandemic is affecting the renovation of historic properties. He then discusses the recently announced designations for difficult development areas and qualified census tracts for 2021. He wraps ups with a preview of Novogradac’s annual operating expenses report and an announcement about funding for the state low-income housing tax credit in Missouri.

Published by Michael Novogradac on September 22, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares breaking news from the CDFI Fund on the 2020 New Markets Tax Credit notice of allocation availability. He then discusses the Continuing Appropriations Act of 2021 and Other Extensions Act—a tentative deal to keep the government funded through Dec. 11. Next, he discusses the 2020 Disasters Tax Relief Act, legislation introduced to increase low-income housing tax credits for certain disaster areas. Then, he shares highlights from “Blue Wave Effects: What a Democratic Sweep Could Mean for Affordable Housing, Community Development and Renewable,” a Novogradac special report that covers what a Democratic sweep in the November election could mean for affordable housing, community development, renewable energy and historic preservation. Next, he discusses what historic preservationists should know about the final regulations for the federal historic tax credit. He wraps up with news of a new policy for qualified opportunity funds in Washington, D.C., and a proposed New York State reporting requirement for qualified opportunity funds called the Opportunity Zone Reporting and Reform Act (S. 8977).