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October 6, 2020
In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, provides details of the continuing resolution that keeps the federal government funded through Dec. 11, 2020. Then, he discusses last week’s presidential debate between President Trump and former Vice President Joe Biden in the context of affordable housing and community development. Next, he shares highlights from the Novogradac 2020 Credit and Bond Financing for Affordable Housing Virtual Conference, and discusses the recent announcement from the IRS on this year’s national pool for low-income housing tax credits. Then, he discusses details from a report by the Federal Housing Finance Agency that illustrates the importance of the low-income housing tax credits, and he talks about a bipartisan letter from the House ways and Means Committee urging the CDFI Fund to ensure Native communities can access the new markets tax credit. He wraps up with discussion of the CDFI Fund’s recent approval of a $100 million guarantee under the CDFI Bond Guarantee program, and state-level disaster recovery news from Louisiana (H.B. 25) and California.