October 29, 2019

Published by Michael Novogradac on Tuesday, October 29, 2019 - 2:00pm

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, discusses highlights from the Novogradac 2019 Opportunity Zones Fall Conference, and shares an update on the Novogradac Opportunity Funds Listing. Then, he talks about comment letters that the Novogradac OZ Working Group sent to the Federal Reserve and the OCC. Next, he shares some insight on recently announced 2020 DDAs and QCTs, and discusses a recent report on HUD’s Rental Assistance Demonstration. He then talks about the Council of Development Finance Agencies report on multifamily and single-family tax-exempt private activity bond issuance for 2018, and companion bills, known as the HOME Act that were introduced in Congress. Next he discusses the FHFA request for public comment on proposed changes to Fannie Mae and Freddie mac, and talks about HUD’s announcement that the Real Estate Assessment Center will not adopt the Accounting Standards Update 2016-18. Then he shares insight into a letter sent to Congress from 231 mayors asking for passage of the Renewable Energy Extension Act, and discusses Oklahoma and Missouri state historic tax credit rulings and updates. Finally, he talks about an opportunity zones initiative launched in Virginia.