September 15, 2020

Published by Michael Novogradac on Tuesday, September 15, 2020 - 12:15pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares an important update on funding negotiations in Washington to avoid a government shutdown. Then, he discusses an analysis that Novogradac performed on the Moving Forward Act—specifically, he talks about how the bill’s housing-related provisions could affect affordable housing development and preservation. Next, he discusses the recently announced demand for the CDFI Fund’s Capital Magnet Fund program for the fiscal year 2020 round. He then talks about the Increasing Opportunities for Small Businesses Act of 2020 (H.R. 8120), a new bill meant to help small business owners learn about using the opportunity zones incentive. He wraps up with discussion about the Hemp Opportunity Zones Act of 2020 (H.R. 8131), a proposed community development incentive modeled after opportunity zones.