October 8, 2013

Published by Michael Novogradac on Tuesday, October 8, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses the federal government shutdown and the looming debt ceiling. In new markets tax credit news, he shares the first round of allocatees and issuers under the Community Development Financial Institutions Fund Bond Guarantee program and the opening of Nevada’s first new markets tax credit allocation round. In low-income housing tax credit news, he alerts listeners to the U.S. Department of Housing and Urban Development’s release of the final fiscal year 2014 fair market rents and the Internal Revenue Service’s suspension of program occupancy requirements in areas affected by severe storms in Colorado. In renewable energy news, he discusses a recent House Oversight and Government Reform Subcommittee hearing on energy policy and the fate of the production tax credit. In historic tax credit news, he shares a petition requesting the end of the government shutdown that the National Trust for Historic Preservation is sending to Congress.