September 10, 2013

Published by Michael Novogradac on Tuesday, September 10, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, updates Congress’s return to session and the issues that they are facing in the next few weeks. In low-income housing tax credit news, he discusses discuss the Financial Accounting Standards Board’s Emerging Issues Task Force’s meeting this week to make a final ruling on amendments affecting the low-income housing tax credit, and the U.S. Department of Housing and Urban Development’s decision to eliminate audits for small multifamily developments. In historic tax credit news, he shares information about Virginia Gov. Bob McDonnell’s campaign to change the historic tax credit so that it can be used for school modernization projects, as well as a reminder about next week’s fast-approaching Historic Tax Credit Conference in Detroit. In new markets tax credit news, he alert listeners to the latest Qualified Equity Investment Report from the CDFI Fund and some key dates for the 2013/2014 NMTC application round.