July 28, 2020

Published by Michael Novogradac on Tuesday, July 28, 2020 - 3:00pm

In this week’s Tax Credit Tuesday, Michael J. Novogradac, CPA, discusses the COVID-19 relief package that was introduced by Senate Republicans called the HEALS Act and the provisions it contains for individuals, businesses and HUD housing. Then, he discusses housing goals for 2021 that were releases by the Federal Housing Finance Agency. Next, he shares news about the upcoming new markets tax credit allocation round and other insights from the Novogradac New Markets Tax Credit Virtual Conference. He wraps up with a HUD announcement about COVID-19 supplemental payments for project-based rental assistance properties, and an announcement from the CDFI Fund regarding its proposed changes to the annual certification and data collection report form and the certification transaction-level report for CDFIs.