April 9, 2019

Published by Michael Novogradac on Tuesday, April 9, 2019 - 1:00pm

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks about confirmation of the new FHFA Director Mark Calabria and allocations to the Housing Trust Fund and Capital Magnet Fund [2:27]. He also recaps the first meeting of the White House Opportunity and Revitalization Council and how federal agencies are aligning initiatives with opportunity zones [4:46]. After that, he will discuss the Disaster Opportunity Zones Act, a bill that aims to spur disaster recovery through opportunity fund investments [8:26]. Then, he will share an IRS Revenue Procedure 2019-17, which clarifies a major question about bond-financed housing for special populations [10:59]. Then he briefly shares some news the Housing the Homeless Students Act of 2019 to allow formerly homeless students to live in low-income housing tax credit and HUD Section 202 funded housing. He also talks about congressional support for extending renewable energy tax credits. He closes with state legislative news from West Virginia, Ohio and Mississippi [12:35].