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 September 15, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares an important update on funding negotiations in Washington to avoid a government shutdown. Then, he discusses an analysis that Novogradac performed on the Moving Forward Act—specifically, he talks about how the bill’s housing-related provisions could affect affordable housing development and preservation. Next, he discusses the recently announced demand for the CDFI Fund’s Capital Magnet Fund program for the fiscal year 2020 round. He then talks about the Increasing Opportunities for Small Businesses Act of 2020 (H.R. 8120), a new bill meant to help small business owners learn about using the opportunity zones incentive. He wraps up with discussion about the Hemp Opportunity Zones Act of 2020 (H.R. 8131), a proposed community development incentive modeled after opportunity zones.

Published by Michael Novogradac on September 8, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, gives an update on primary election results of longtime community development tax credit champion: Rep. Richard Neal. Then, he discusses an announcement from the CDC that temporarily halts residential evictions through Dec. 31, 2020. Next, he briefly discusses a U.S. District Court ruling about the right of first refusal for a low-income housing tax credit property. He wraps up with a preview of a Novogradac special report about the upcoming presidential election and how the results could affect affordable housing, community development, renewable energy and historic preservation.

Published by Michael Novogradac on September 1, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares a brief update on the next round of COVID-19 relief legislation. Then, he discusses a significant milestone for the Novogradac Opportunity Funds List concerning reported equity investment in opportunity funds. Next, he talks about what you need to know about fair market rents for fiscal year 2021, and he then outlines key considerations for low-income housing tax credit awardees. He wraps up with discussion of an announcement from the White House on an executive order meant to increase activity in opportunity zones.

Published by Michael Novogradac on August 25, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a report from the White House Council of Economic Advisers on the economic impact of the opportunity zones incentive. Then, he talks about a U.S District Court ruling in Hawaii that addressed the ability of a state allocating agency to terminate extended-use agreements under the qualified contract process. Next, he shares updates on COVID-19 relief legislation in Congress, and discusses President Donald Trump’s tax proposals if he is re-elected in November. He wraps up with discussion of low-income housing tax credit compliance issues that were not addressed in IRS Notice 2020-53.

Published by Michael Novogradac on August 18, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA shares an update on negotiations over COVID-19 relief legislation, as well as how tax incentives fit into the discussion. Then, he talks about details of former Vice President Joe Biden’s tax proposals, and what his proposals could mean for investments in tax incentives next year and beyond, if Biden wins this election. He wraps up with discussion of the latest qualified equity investment issuance report from the CDFI Fund, including the amount of new markets tax credit allocation authority that remains to be issued.

Published by Michael Novogradac on August 11, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA talks about the status of COVID-19 relief legislation negotiations in Congress, and he discusses a set of COVID-19-related directives form the White House. Next, he discusses updates to the Paycheck Protection Program FAQ document from the Small Business Administration. Then, he shares some insights on how community development entities can begin preparing for the upcoming calendar-year 2020 new markets tax credits allocation round. He wraps up with brief news about a proposed CDFI national crisis fund, and a new requirement for multifamily property owners in forbearance who have mortgages backed by Fannie Mae and Freddie Mac.

Published by Michael Novogradac on August 4, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses negotiations for the next round of COVID-19 relief legislation and the extension of the now-expired federal eviction moratorium and rental assistance. Then, he talks about coronavirus-related guidance from the IRS for the historic tax credit. Next, he discusses how the CDFI Fund plans to continue to handle COVID-19 relief guidance for the new markets tax credit. He also talks about presidential candidate Joe Biden’s latest economic plan and what it says about the new markets tax credit and opportunity zones. He wraps up with a minibus appropriations bill for fiscal year 2021 passed in the House and news from HUD on how to access funding made available in the CARES Act earlier this year.

Published by Michael Novogradac on July 28, 2020

In this week’s Tax Credit Tuesday, Michael J. Novogradac, CPA, discusses the COVID-19 relief package that was introduced by Senate Republicans called the HEALS Act and the provisions it contains for individuals, businesses and HUD housing. Then, he discusses housing goals for 2021 that were releases by the Federal Housing Finance Agency. Next, he shares news about the upcoming new markets tax credit allocation round and other insights from the Novogradac New Markets Tax Credit Virtual Conference. He wraps up with a HUD announcement about COVID-19 supplemental payments for project-based rental assistance properties, and an announcement from the CDFI Fund regarding its proposed changes to the annual certification and data collection report form and the certification transaction-level report for CDFIs.

Published by Michael Novogradac on July 21, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses the 2019 new markets tax credit awards from the CDFI Fund. Then, he shares highlights from the Novogradac 2020 Opportunity Zones Virtual Conference, and he shares panel discussions from Novogradac’s Affordable Housing Friday Forum. Next, he talks briefly about the Economic Justice Act—a legislative proposal that would create a minimum 4 percent low-income housing tax credit. He then shares highlights from the National Low-income Housing Coalition’s 2020 Out of Reach report on housing affordability. He wraps up with updates from Louisiana regarding the state’s new markets tax credit, historic tax credit and opportunity zones incentives.

Published by Michael Novogradac on July 14, 2020

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA discusses a proposal from presumptive Democratic nominee Joe Biden and Sen. Bernie Sanders to make significant investments in affordable housing, renewable energy and community development, which includes a recommendation to expand and make permanent the new markets tax credit. Then he shares highlights from the Novogradac Affordable Housing Friday Forum and panelists’ discussion of debt and equity trends during the pandemic and the future of affordable housing in California. Next, he talks about nearly $76 billion in funding for fiscal year 2021 approved by the House Transportation-HUD Committee. He wraps up with updates on the extension and expansion of state historic tax credits in Mississippi and Delaware.