Tax Credit Tuesday Podcasts

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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 June 15, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by Mark Shelburne, a housing policy consultant at Novogradac, to discuss trends and insights into state low-income housing tax credit (LIHTC) qualified allocation plans (QAPs). They discuss the requirements for QAPs, how QAPs are adopted and how developers should view the documents. They also address the role of QAPs in properties financed with private-activity bonds and 4% LIHTCs, as well as what developers should know about influencing the next QAP for their state.

Published by Michael Novogradac on June 8, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Michael Kressig, CPA, to explore the topic of state tax credits, which are often a critical part of the capital stack that can make affordable housing, community development and historic preservation developments financially feasible. They discuss the structural features associated with state tax credits, how tax credits vary across state programs and the critical implications those differences have on the upfront value of the tax credits and structuring options.

Published by Michael Novogradac on June 1, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Jeff Nishita to discuss how maximize low-income housing tax credit (LIHTC) equity. They discuss the potential to maximize LIHTC equity, how to increase and accelerate tax credits, how to increase and accelerate tax losses, how to identify investor goals and consider how a development can help investors achieve those goals. They also discuss the importance of correctly timing the arrival of equity.

Published by Michael Novogradac on May 25, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Blair Kincer and Bob Ibanez, a senior manager in Novogradac’s public policy group, to discuss community outcomes and their significance in determining new markets tax credit (NMTC) awards. They examine how community outcomes have historically been viewed in the NMTC world and look at what might be coming. They also discuss how to measure community outcomes, the importance of documenting the impact of previous NMTC investments and how being able to demonstrate social impact is growing in importance to attract investors in all community development incentives.

Published by Michael Novogradac on May 18, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Rich Larsen, CPA, to discuss the U.S. Department of Housing and Urban Development’s (HUD’s) recent guidance on Faircloth-to-Rental Assistance Demonstration (RAD) conversions. They examine how public housing authorities (PHAs) got so far below their public housing cap, what the new guidance allows, steps that PHAs and developers should consider, how a Faircloth-to-RAD conversion works and which PHAs have the most capacity.

Published by Michael Novogradac on May 11, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Tom Boccia, CPA, to discuss the historic tax credit (HTC) equity market, including the impact of shifting from a one- to a five-year credit, how the COVID-19 pandemic affected pricing and the importance of geography and asset classes. They also discuss the repercussions of the drafting error on provisions concerning qualified improvement property in the 2017 tax reform legislation and the subsequent technical correction, then examine the Historic Tax Credit Growth and Opportunity (HTC-GO) Act, looking at what provisions would have the biggest impact.

Published by Michael Novogradac on May 4, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partners Brad Elphick, CPA, and Rebecca Darling, CPA, to discuss steps that community development entities (CDEs) and qualified businesses should be taking now to prepare for the next new markets tax credit (NMTC) application round. They discuss the timing of the next NMTC awards and application round, where CDEs should start preparing, keys to building a successful application, how Novogradac can help CDEs with their application, when businesses should begin discussing NMTC financing with CDEs and how businesses can qualify for the financing.

Published by Michael Novogradac on April 27, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by Novogradac partner Tom Boman, CPA, and Novogradac principal Reza Karim, CPA, to discuss best practices for renewable energy property owners, investors, developers and operators to maximize the benefits of state and local tax incentives and exclusions. They’ll discuss various considerations, when project sponsors should begin considering state and local incentives, the magnitude of potential savings, tax and consulting services for owners and common mistakes to avoid.

Published by Michael Novogradac on April 20, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, Peter Lawrence, Novogradac’s director of public policy and government relations and Karen Destorel, Novogradac’s tax policy research associate, discuss the Affordable Housing Credit Improvement Act (AHCIA) of 2021. They focus on the provisions in the bill, looking at the history of the legislation, as well as provisions directed at production/preservation, financial feasibility and affordable housing rental policy.

Published by Michael Novogradac on April 13, 2021

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Thomas Stagg, CPA, discuss HUD income limits for fiscal year 2021. They discuss income limits basics, year-over-year income limits changes and factors that can affect future income limits, including the effects of the pandemic.