November 19, 2019

Published by Michael Novogradac on Tuesday, November 19, 2019 - 1:00pm

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, gives an update for Federal appropriations too avoid a government shutdown and OCC plans to release an advanced notice of proposed rulemaking on CRA before the end of the year. Next, he covers several infrastructure plans including Peter DeFazio’s infrastructure bill, the Housing is Infrastructure Act of 2019, as well as presidential candidate Joe Biden’s infrastructure plan. Then he discusses the Opportunity Zone Reform Act that was introduced in the House, and the Opportunity Zones Diversity Bill that was introduced last week. He also talks about the Immigrant Investor Program Reform Act and the Incubator Act of 2019, both of which encourage investment in opportunity zones. Next, he talks about plans for House Democrats to introduce legislation to extend expire and expiring renewable energy incentives. He also gives an update on the conservatorship of Fannie Mae and Freddie Mac. Finally, he discusses a Notes from Novogradac blog post on the rate of cost-burdened households in older-age groups.