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July 20, 2021: Neighborhood Homes Tax Credit
In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Dirk Wallace, CPA, discuss the proposed neighborhood homes tax credit (NHTC), including what needs the incentive would meet, where it would likely be used and how it would be allocated. They also discuss recapture regulations, how states might adjust regulations to meet their needs and who would be the likely participants in the incentive. They conclude with a discussion of how renovations of homes could be covered by the credit, including financial sources to cover gaps, and what the Neighborhood Homes Tax Credit Working Group will address.