July 2, 2019

Published by Michael Novogradac on Tuesday, July 2, 2019 - 1:00pm

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks about a new White House council to address affordable housing barriers [01:50]. Then he outlines a bill designed to apply on a retroactive basis to low-income housing tax credit properties, in an effort to mitigate the removal of rent restrictions [2:27]. After that, he discusses bipartisan legislation to authorize an additional $500 million in new markets tax credit allocation authority annually for certain rural communities in 2019 and 2020 [07;03]. He then shares cosponsor updates on legislation to make the new markets tax credit permanent [08:39], as well as news about opportunity zones and opportunity funds [11:09]. After that, he has updates on several items, including the state of the nation’s housing, the Capital Magnet Fund, a renewable energy bill and news from several states on opportunity zones, low-income housing tax credits and new markets tax credits [12:28].