February 9, 2016

Published by Michael Novogradac on Tuesday, February 9, 2016 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off this week’s podcast with the general news section, where he talks about the planned release of the president’s fiscal year 2017 budget proposal and what hearings will be held this week to discuss the president’s plan. Then, he discusses the Federal Housing Administration’s first update of its Multifamily Accelerated Processing, or MAP, Guide since 2011. In the low-income housing tax credit section, he provides details on federal legislation that would make a number of reforms to the housing choice voucher and project-based voucher programs. Then, he discusses how HUD may address the issue of providing public housing to families whose incomes rise significantly above initial limits. In new markets tax credit news, he talks about the opening of the fiscal year 2016 funding round of the Capital Magnet Fund and he shares information about the CDFI Bond Guarantee program. Also in the new markets tax credit section, he shares the amount of qualified equity investment issued in the past month. Then in the historic tax credit section, he talks about report findings on the value of the state historic tax credit in Alabama and about the efforts to renew the program for another seven years. He closes out with renewable energy tax credit news where he discusses a legislative change to North Dakota’s wind energy tax credit that could greatly benefit developers.