November 17, 2009

Published by Michael Novogradac on Tuesday, November 17, 2009 - 5:15pm

Today is Tuesday, November 17th, 2009. This week I will look at a publication released last week by the Federal Reserve Board and the Federal Reserve Bank of St. Louis that features a collection of brief articles that examine innovative ways to revitalize the low-income housing tax credit market. I will also share news regarding the self-professed financial outlook for the Federal Housing Administration or FHA. FHA is the most important facilitator of debt for affordable rental housing today; as such, its financial health has a direct impact on the availability of affordable rental housing across America. Then, I will discuss two renewable energy topics. First, I will share details Senator Chuck Schumer’s request that the Department of Energy review all energy projects that have asked for funding under the Section 1603 cash grant program. That is the cash grant program that allows taxpayers to receive cash