December 29, 2009

Published by Michael Novogradac on Tuesday, December 29, 2009 - 4:00pm

Today is Tuesday, December 29th, 2009. This week I bring you greetings from Chiang Mai, Thailand. This is the last podcast of the year, and I hope you’re enjoying your holidays. In this week’s podcast I will share some of the recommendations contained in a report that was prepared by the Iowa Department of Management detailing the use and cost of Iowa’s 30 state tax credit programs. Then, I will discuss the Kentucky Housing Corporation’s announcement last week regarding its plans to collect tenant data on all projects that receive funding from the state housing agency. This is required by the Housing and Economic Recovery Act, or HERA. You remember HERA don’t you? It contained numerous enhancements to the LIHTC program and passed about a year and a half ago. With all that has been happening in the LIHTC equity markets, many forget about the significant LIHTC enhancements contained in HERA. For my final topic for the podcast this week I will review the most recent Recovery Act funding news from the Treasury Department, which announced last week that it had surpassed $4 billion in cash grants awarded to states in lieu of low-income housing tax credits.