Novogradac Tax Credit Tuesday Podcast

Tax Extenders; QEI Report; Improvements to CRA; IRS Bond Ruling; FHFA's 2001 Housing Goals for GSEs; NY Changes State HTC; Financial Reform Bill's Implications for Renewable Energy Investment; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 7 September 2010 3:00:00 -0800

Michael J. Novogradac, CPA, shares an update on the status of tax extenders; reviews the latest QEI report issued for the new markets tax credit program; discusses three LIHTC topics: a letter submitted to banking regulators suggesting improvements to the Community Reinvestment Act rules, a ruling from the IRS related to related to the timing of redemption of bonds used to meet the 50 percent test, and the Federal Housing Finance Agency's 2011 housing goals for Fannie Mae and Freddie Mac. Moving on to historic tax credits, he highlights a new law that is expected to help banks and insurance companies more readily use New York State Rehabilitation Tax Credits. On the renewable energy front he considers the possible impact of financial regulatory reform on a banks' ability to invest in renewable energy tax credits. Finally, he closes with some tax credit tidbits.

Tax Extenders; Report on Tax Reform Options; Section 1602 Recapture Guidance; Upcoming Deadlines for NMTC Allocatees; Maryland Rehabilitation Tax Credit; Report on Renewable Energy Subsidies; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 31 August 2010 3:00:00 -0800

Michael J. Novogradac, CPA, shares an update on tax extenders; reviews a report from the Tax Reform Subcommittee of the President’s Economic Recovery Board; summarizes Treasury guidance regarding recapture under the Section 1602 low-income housing tax credit cash grant program; discusses upcoming, critical deadlines for new markets tax credit allocatees, and a bill to create a California state NMTC; highlights the Maryland Sustainable Communities Rehabilitation Tax Credit Program; examines a report about the impact of three major renewable energy subsidies; and closes with tax credit tidbits.

Tax Extenders; Federal Housing Finance; HUD's Escrow Requirement for Tax Credit Equity; Housing Proposal in Missouri; Ohio's NMTC Program; Appeals Court Decision in Whitehouse Hotel Case; State Energy Legislation; DOE Loan Guarantee Solicitation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 24 August 2010 3:00:00 -0800

Michael J. Novogradac, CPA, discusses tax extenders legislation; the Obama Administration's conference on federal housing finance; HUD's escrow requirement for tax credit equity; a proposal in Missouri to dedicate a third of the state's affordable housing resources to create housing for the mentally ill; the launch of Ohio's NMTC Program; an Appeals Court decision in the Whitehouse Hotel case; and recent energy legislation enacted at the state level, as well as a new loan guarantee solicitation from the Department of Energy.

NMTC Working Group Update; Renewable Energy Legislation, DOE Annual Wind Market Report; N.Y. State Tax Credit Deferral; IRS LIHC Newsletter # 40; Affordable Housing Tax Credit Conference Preview; Community Recovery and Enhancement Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 17 August 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares an update on recent activity of the Novogradac New Markets Tax Credit working Group; discusses recently introduced renewable energy legislation and the DOE's annual wind report; reviews the state tax credit deferral recently approved by New York's legislature; talks about the highlights of IRS LIHC Newsletter #40; previews the 17th Annual Affordable Housing Tax Credit Conference; discusses provisions of the Community Recovery and Enhancement Act; and closes with tax credit tidbits.

Congressional Update; 30 percent Test for Section 1602; States Review Affordable Housing Plans; QEI Report for NMTC Program; Changes to Oregon's Energy Tax Credit; Update in Virginia Historic Tax Credit Fund Case; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 10 August 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares an update on the small business bill; discusses the 30 percent requirement for Section 1602 grantees; talks about states' review of their affordable housing plans; examines the latest QEI report for the NMTC program; describes changes to Oregon's state energy tax credit; reviews an update in the Virginia Historic Tax Credit Fund case; and closes with tax credit tidbits.

Congressional Update; Investing in American Jobs and Closing Tax Loopholes Act; Senate Energy Bill; Report on Wind Installations; Treasury Reports on Recovery Act Section 1602 Funding; Virginia Historic Tax Credit Fund State Tax Credit Case; Fiscal Reform Commission; FHA Funding; Future of Federal Housing Finance; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 3 August 2010 3:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the new markets tax credit, renewable energy tax credits, low-income housing tax credits, and historic tax credits. He also discusses the Fiscal Reform Commission, FHA funding and the future of federal housing finance. Finally, he closes with several tax credit tidbits.

Congressional Calendar; House Markup of Housing Preservation Bill; Tax Credit Commission in Missouri; Moody's Rating Methodology; California PACE Lawsuit; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 July 2010 3:00:00 -0800

Michael J. Novogradac, CPA, reviews the congressional calendar, discusses the House Financial Services Committee markup of a housing preservation bill, shares breaking news about the creation of a tax credit review committee in Missouri, describes Moody's methodology for rating debt secured by rental housing, and shares information on the lawsuit filed by California's attorney general against Fannie Mae and Freddie Mac. Finally, he closes with some tax credit tidbits.

Financial Reform Bill; Tax Extenders Status; Small Business Lending and Tax Bill; Energy Legislation Preview; National Commission on Fiscal Responsibility and Reform; Tax Credit Tidbits; Tax Credit Calendar

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 July 2010 2:00:00 -0800

Michael J. Novogradac, CPA, reviews the financial reform bill passed by Congress, covers the status of tax extenders legislation, discusses the small business tax and lending bill and shares information on energy legislation. He also discusses the National Commission on Fiscal Responsibility and Reform. Finally, he reviews some tax credit tidbits and closes with the tax credit calendar.

Congressional Update; CRA Hearings; FHA Underwriting Changes; HUD and Rural Housing Appropriations; Proposed NMTC Expansion; Geothermal Tax Credit Bill; Tax Credit Calendar; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 July 2010 4:00:00 -0800

Michael J. Novogradac, CPA, reviews what is expected from Congress in the coming weeks, covers the upcoming CRA hearings, and shares information on FHA underwriting changes and Fiscal Year 2011 HUD and Rural Housing appropriations. He also discusses a proposal to expand the NMTC program and legislation to create a geothermal tax credit. Finally, he reviews the tax credit calendar and closes with some tax credit tidbits.

Congressional Calendar Update; New Analysis of HUD's LIHTC Database; QEI Issuance Report Update; The Post-Stimulus Landscape for Renewable Energy; California Solar Initiative Thermal Program; AWEA Report on Domestic Supply Chain; Tax Credit Calendar; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 6 July 2010 12:00:00 -0800

Michael J. Novogradac, CPA, updates the congressional calendar, summarizes analysis of HUD's LIHTC database, discusses the latest update of the NMTC QEI Issuance Report, reviews predictions of the post-stimulus landscape for renewable energy, discusses a solar water heating incentive in California, examines a report about wind industry growth, and shares two Tax Credit Tuesday tidbits: about the future of Fannie Mae and Freddie Mac, and public comments received regarding the Capital Magnet Fund.

Extenders Update; NMTC Coalition Progress Report 2010; Section 1603 Guidance; Public Hearings on CRA Regulations; State Tax Credit News; Financial Reform Legislation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 29 June 2010 12:00:00 -0800

Michael J. Novogradac, CPA, shares and update on tax extenders legislation, reviews the NMTC Coalition's Progress Report 2010, announces new guidance for the Section 1603 renewable energy tax credit cash grant program, reviews news about a series of public hearings that will be held on the Community Reinvestment Act, updates listeners on state tax credit news from New York, Illinois and California, and summarizes items of note in the Financial Reform bill.

Tax Extenders Update; Small Business Jobs Tax Legislation; JCHS State of the Nation's Housing Report 2010; FHFA Directs GSEs to be Delisted from NYSE; Tax Credit Calendar

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 June 2010 12:00:00 -0800

Michael J. Novogradac, CPA, shares and update on tax extenders legislation, reviews the jobs tax bills being considered in Congress, summarizes the results of Harvard's Joint Center for Housing Studies' annual State of the Nation's Housing report, discusses the significance of Fannie Mae and Freddie Mac being delisted from the New York Stock Exchange, and updates listeners on the Tax Credit Calendar.

Demand for NMTCs in 2010 Round; Revenue Rulings for NMTC Program; Tax Extenders Update; FHFA Proposed Rule for GSEs; Capital Magnet Fund Award Dates

cpas@novoco.com (Novogradac & Company LLP) — Wed, 16 June 2010 2:00:00 -0800

Michael J. Novogradac, CPA, shares information released by the CDFI Fund regarding demand for new markets tax credits in the 2010 application round, summarizes two revenue rulings released by the IRS regarding the new markets tax credit program, reviews the status of tax credit extender legislation, discusses the FHFA's proposed rule for the GSE's duty to serve underserved markets, and updates listeners on expected award dates for the Capital Magnet Fund.

EExtenders Update; Congress's Calendar; Possible Energy Amendment; Build America Bonds; HUD's 2007 Worst Case Housing Needs; Financial Services Legislation; LIHTCs in Iowa's Senate Race; State Tax Credit News from Mass. and Okla.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 June 2010 1:00:00 -0800

Michael J. Novogradac, CPA, updates listeners on the status of tax extenders legislation, reviews Congress's calendar, discusses a possible energy amendment to the extenders bill, shares an update from the Treasury Department on Build America Bonds, examines HUD's 2007 Worst Case Housing Needs report and describes financial services legislation and its status in the House and Senate. He also mentions how the low-income housing tax credit played a role in the Senate race in Iowa, discusses state tax credit developments in Massachusetts and Oklahoma, and concludes with a look at the Tax Credit Calendar.

Extenders Bill Update; FHFA Report on GSEs; GAO Report on Recovery Act; IRS Audit Guide for NMTC; Historic Preservation Investment in Pennsylvania

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 June 2010 1:00:00 -0800

Michael J. Novogradac, CPA, updates listeners on the tax extenders bill, reviews the Federal Housing Finance Agency's report on Fannie Mae, Freddie Mac and the Federal Home Loan Banks, shares highlights from the Government Accountability Office's report on the Recovery Act, discusses the IRS Audit Guide for the New Markets Tax Credit program, talks about historic preservation in Pennsylvania, and closes with a look at the Tax Credit Calendar.

Tax Extender Bill Update; CDFI Banking Report; Capital Magnet Fund Applications; Municipal Bond Market Support Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 25 May 2010 1:00:00 -0800

Michael J. Novogradac, CPA, reviews the tax extenders bill; shares a report on the CDFI banking sector; summarizes the applications received for the first Capital Magnet Fund application round; and describes the Municipal Bond Market Support Act.

2010 Income Limits; HUD's Proposed Study of LIHTC Properties After 15 Years; S.B. 3336, the Private Activity Renewable Energy Bonds Act; S.B. 3338, the Advanced Biofuel Investment Act of 2010; Congressional Research Service Report on Energy Tax Policy

cpas@novoco.com (Novogradac & Company LLP) — Tue, 18 May 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the Department of Housing and Urban Development's long-awaited release of the 2010 income limits. Then, he discusses a post year 15 study of low-income housing tax credit financed properties, reviews two renewable energy bills introduced last week in the Senate, and shares some highlights from a report on energy tax policy produced recently by the Congressional Research Service.

New Markets Tax Credit News; Extenders Bill Update; Renewable Energy Legislation Review; Fannie Mae's Top DUS Lenders

cpas@novoco.com (Novogradac & Company LLP) — Tue, 11 May 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about availability of the new markets tax credit program. Then, he discusses the extenders bill that is being negotiated in Congress, renewable energy legislation and related proposals, and news from Fannie Mae about its 2009 multifamily debt business.

Google Invests in LIHTCs; N.Y. and Hawaii Move to Delay Business Tax Credits; CDFI Fund Seeks NMTC Application Reviewers; Voters Support Wind Energy; HUD Prepares for Sustainable Communities Planning Grants; Treasury's Spring 2010 Unified Agenda

cpas@novoco.com (Novogradac & Company LLP) — Tue, 4 May 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about Union Bank's arrangement with Google to finance LIHTC housing in California. Then he discusses proposals in New York and Hawaii to delay businesses from claiming previously approved state tax credits. He also reviews the CDFI Fund's invitation for reviewers for the 2010 NMTC allocation application round. He then examines the results of a survey about public support for wind energy development and shares an announcement from HUD regarding the Sustainable Communities Planning Grant program. Finally, he reviews the Treasury Department's Spring 2010 Unified Agenda.

Update on CA SB 401; Energy Bills H.R. 5041 and S. 3212; Green Housing Bill H.R. 2336, State Tax Credit Housing Updates in Lousiana, Tennessee

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 April 2010 1:00:00 -0800

Michael J. Novogradac, CPA, provides a follow up discussion on Calif. S.B. 401. Then he reviews two renewable energy tax credit bills, H.R. 5041, the Security in Energy and Manufacturing (SEAM) Act of 2010 and S. 3212, to amend Section 1603 to provide that qualified energy efficiency property is eligible for the energy credit and the Treasury grant. Then he discusses the status of a green housing bill, H.R. 2336, the Green Resources for Energy Efficient Neighborhoods, or GREEN Act. Finally, he talks about news from state tax credit housing agencies in Louisiana and Tennessee.

IRS Priority Guidance Plan Update; CDFI Fund News and NMTC Deadline Reminder; House Ways and Means Committee Hearing on Energy Tax Incentives; Solar and Geothermal Energy Market Reports; House Financial Services Committee Hearings on Housing Finance

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 April 2010 1:00:00 -0800

Michael J. Novogradac, CPA, reviews an update to the Internal Revenue Service's Priority Guidance plan. Then he shares the latest news from the CDFI Fund including a reminder of upcoming deadlines for the 8th round of new markets tax credits and summary of the CDFI Fund's plans to hold listening sessions on it's authorizing statute. Then, he talks about the House Ways and Means Committee hearing on energy tax incentives, and reviews two new industry reports about the solar and the geothermal energy markets. He also discusses the latest developments in the efforts to reform the nation's housing finance system.

Congressional Calendar Preview; 8th Round of NMTC Applications; 1603 Grants Exempted from California Income Tax; Proposed 30 Percent Biomass Tax Credit; AWEA's Annual Wind Industry Market Report

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 April 2010 1:00:00 -0800

Michael J. Novogradac, CPA, considers what lies ahead for Congress in the next few months. Then he discusses the 8th round of new markets tax credit allocation applications, reports on a new law passed in California that exempts Section 1603 federal energy grants from California income tax, updates listeners on legislation that would establish a 30 percent tax credit for companies that use renewable biomass for their heating needs, and summarizes the American Wind Energy Association's annual wind industry market report.

Congressional Calendar; IRS Relief for Storm and Flood Victims; Historic Tax Credit News from Minnesota, Missouri and Kansas; Recovery Act Guidance from TCAC; Build America Bond Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 6 April 2010 1:00:00 -0800

Michael J. Novogradac, CPA, provides an overview of the congressional calendar and reviews important information for victims of the recent storms and flooding who may qualify for tax relief from the Internal Revenue Service. Then, he discusses Minnesota's new state historic tax credit, a study about the economic impact of Missouri's state historic tax credit, and legislation to lift a cap on the Kansas state's historic credit. Next, he reviews a notice by the California Tax Credit Allocation Committee about Recovery Act disbursement requests. Finally, he shares a summary of a report on the Build America Bond program.

Updated Section 1603 Guidance; Governors' Support for Renewable Energy Tax Credits; Housing Preservation Legislation; Changes to Oregon's BETC and New York's Historic Credit; Population Updates for the LIHTC; CDFI Fund's Annual Report; Capital Magnet Fund News

cpas@novoco.com (Novogradac & Company LLP) — Tue, 30 March 2010 1:00:00 -0800

Michael J. Novogradac, CPA, reviews updated program guidance for the Section 1603 renewable energy tax credit cash grant exchange program, discusses a letter submitted by a group of 19 governors urging expansion of the Section 48C Tax Credit, and shares the Governors' Wind Energy Coalition's recommendation to extend the PTC. Then, he examines key provisions of H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010 and shares updates on the Oregon BETC and the New York historic tax credit. He also discusses updated population figures and LIHTC ceilings for 2010, the CDFI Fund's 2009 annual report and an update on the Capital Magnet Fund.

Legislative Update; IRS Guidance on Section 1602; Report on FHLB of Atlanta's Affordable Housing Program; Iowa State Tax Credit News

cpas@novoco.com (Novogradac & Company LLP) — Tue, 23 March 2010 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the status of tax extenders and jobs legislation,reviews guidance regarding the tax treatment of funds received under the Section 1602 LIHTC cash grant exchange program, shares the results of a study that highlights and quantifies results of the Federal Home Loan Bank's Affordable Housing Program, and examines a legislative proposal in Iowa to reign in the state's numerous tax credit programs.

Tax Extenders and Jobs Bills; Capital Magnet Fund; Timing of 8th NMTC Round; Smart Grid Investment Grant Guidance

cpas@novoco.com (Novogradac & Company LLP) — Tue, 16 March 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares an update on tax extenders and jobs legislation, discusses the opening of the first round of funding under the Capital Magnet Fund, shares the current projected time line for the 8th round of new markets tax credit allocation applications, and reviews guidance for the Smart Grid Investment Grant program.

Tax Extenders Legislation; Renewable Energy Bills Introduced; Calif. AB 2640; LIHTC Tenant Data Collection

cpas@novoco.com (Novogradac & Company LLP) — Tue, 9 March 2010 1:00:00 -0800

Michael J. Novogradac, CPA, udpates listeners on the progress of tax extenders legislation in the Senate; discusses renewable energy legislation; shares the findings of a report about the impact of the federal historic tax credit; reviews California Assembly Bill 2046, which would affect affordable housing properties; and shares an update on the implementation of the LIHTC tenant data collection initiative.

Tax Extenders Bill; Healthy Food Financing Initiative; Freddie Mac's 2009 Financial Results; Eligibility of Geothermal Projects for Section 1603

cpas@novoco.com (Novogradac & Company LLP) — Tue, 2 March 2010 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the status of tax extenders legislation, the Administration's Healthy Food Financing Initiative, Freddie Mac's summary of its fourth quarter and full-year 2009 financial results, and a summary of a letter from California Governor Arnold Schwarzenegger about the eligibility of certain types of geothermal projects for the Section 1603 renewable energy cash grant program.

Proposal to Extend, Enhance the NMTC; Renewable Energy Expansion Act; Housing Goals for Fannie Mae, Freddie Mac

cpas@novoco.com (Novogradac & Company LLP) — Tue, 23 February 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about President Obama's proposal to improve, extend and broaden the new markets tax credit. Then, he describes the provisions of the Renewable Energy Expansion Act. And finally, he reviews proposed housing goals for government sponsored enterprises Fannie Mae and Freddie Mac.

NMTC Data Collection Plan; NMTC Cure Period PLRs; Jobs Legislation in Congress

cpas@novoco.com (Novogradac & Company LLP) — Tue, 16 February 2010 1:00:00 -0800

Michael J. Novogradac, CPA, discusses details of a data collection effort planned by the CDFI Fund for the NMTC program. He also reviews two private letter rulings that provide guidance for NMTC professionals regarding the six month cure period. Finally, he shares news about the status of the jobs legislation and the path it may take in the coming weeks.

Response to GAO's Recommendations for the NMTC; Detailed Review of 2011 Budget Proposals for Affordable Housing, Community Development and Renewable Energy

cpas@novoco.com (Novogradac & Company LLP) — Tue, 9 February 2010 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the GAO's recommendations for the NMTC program and provides a detailed review of the Administration's proposed 2011 budget for affordable housing, community development and renewable energy.

Rehabilitation of Historic Schools Act; GAO's Report on NMTC Program; Proposed Federal Budget Freeze; Update on State Tax Credits; Green Building Incentives in QAPs

cpas@novoco.com (Novogradac & Company LLP) — Tue, 2 February 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the introduction of the Rehabilitation of Historic Schools Act of 2010 and the release of a GAO report on the NMTC program. He also discusseses the proposed budget freeze in President Obama's 2011 federal budget; reviews analysis about using state tax credits to spur economic growth; and describes how states are using green building incentives in their QAPs.

Congressional Update; Financial Crisis Responsibility Fee; Capital Magnet Fund; 2008 LIHTC Utilization Figures

cpas@novoco.com (Novogradac & Company LLP) — Tue, 26 January 2010 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the climate in Congress as it resumes its legislative session; reviews the bank fee proposed on January 14 by the Obama Administration; discusses the Capital Magnet Fund; and shares highlights from the latest low-income housing tax credit utilization figures compiled by NCSHA.

HFA Initiative; Accounting Guidance for Tax Credit Investors; Report on Community Wind and the Recovery Act; Treasury FAQs for Section 1603; Iowa State Tax Credit Review; JCT Tax Expenditure Estimates

cpas@novoco.com (Novogradac & Company LLP) — Tue, 19 January 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about $23 billion in housing bond activity; discusses how recent accounting guidance could affect how corporations account for their tax credit investments; reviews a report about the impact of the Recovery Act on community wind energy projects; examines Treasury's FAQs for Section 1603; discusses the comprehensive review of Iowa's state tax credits; and summarizes points of interest from JCT's estimate of federal tax expenditures.

Breaking News Roundup; FASB Guidance on Book Consolidation Issues; Disguised Sale Case; Congressional Concerns about Section 1603 Program

cpas@novoco.com (Novogradac & Company LLP) — Tue, 12 January 2010 1:00:00 -0800

Michael J. Novogradac, CPA, shares several breaking news items before reviewing accounting guidance from the Financial Accounting Standards Board regardgin book consolidation issues. He then reviews the U.S. Tax Court ruling in a case involving the disguised sale statute and discusses whether renewable energy funding provided by the Recovery Act is creating jobs overseas as opposed to in the United States.

National Housing Trust's Perspective on 2009; Heartland Disaster Tax Relief Extension Act of 2009; Ruling in Virginia Historic Tax Credit Fund 2001 LP vs. IRS; Kansas Historic Tax Credit News; NMTC Program Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 05 January 2010 1:00:00 -0800

Michael J. Novogradac, CPA, reviews the National Housing Trust's end of the year perspective on 2009 and examines the Heartland Disaster Tax Relief Extension Act of 2009. He then discusses a recent federal tax court decision regarding the treatment of a state tax credit investor as a member of a partnership. He also shares news about the Kansas state historic tax credit and an update on the new markets tax credit program.

Tax Extenders Update; Iowa State Tax Credits Reviewed; Kentucky Housing's Tenant Data Collection Initiative; Recovery Act Funding News

cpas@novoco.com (Novogradac & Company LLP) — Tue, 29 December 2009 1:00:00 -0800

Michael J. Novogradac, CPA, updates listeners on the status of tax extenders legislation, shares recommendations regarding Iowa's 30 state tax credit programs, discusses the Kentucky Housing Corporation's plans to collect tenant data as required by the Housing and Economic Recovery Act, and reviews the most recent Recovery Act funding news.

Breaking News about Tax Proposals; Federal Appropriations Highlights; Potential Jobs Legislation; NMTC Program Preview for 2010; AMT Treatment of Section 1602 and 1603 Grants

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 December 2009 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about a tax proposal to expand the renewable energy manufacturing tax credit under Section 48C, a tax proposal to extend Section 1603 and a tax proposal from the Senate Health bill. He also discusses highlights of the omnibus appropriations bill signed on December 16th.He then shares an update on the status of potential jobs legislation and reviews plans for the NMTC program in 2010. Finally, he explains how corporate taxpayers receiving cash grants under Section 1603 or Section 1602 may be subject to the alternative minimum tax.

Tax Extenders Bill; Jobs Legislation; Tax Reform Efforts

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 December 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses tax extenders legislation, jobs legislation and tax reform plans.

Developments of Distinction Awards; Recovery Act Job Creation Report; Tax Credit Legislative Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 December 2009 1:00:00 -0800

Michael J. Novogradac, CPA, shares the results of the Developments of Distinction competition. He also reviews a report on Recovery Act Job Creation and shares an update on the latest legislative developments of interest to the housing, community development and renewable energy communities.

2009-2010 Priority Guidance Plan; Historic Rehabilitation Tax Credit Legislation; Legislation to Increase Energy Efficiency of Federally Assisted Housing; Renewable Electricity Integration Tax Credit; Calls to Double the Advanced Energy Manufacturing Tax Credit; Update on Objections to the Section 1603 Awards

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 December 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the 2009-2010 Priority Guidance Plan, a proposal to amend the historic rehabilitation tax credit, a measure to increase the energy efficiency of federally assisted housing, a proposed renewable electricity integration tax credit, an idea to double the Advanced Energy Manufacturing Tax Credit, and an update on Sen. Schumer's objections to the Section 1603 awards process.

Legislative Update: Tax Extenders, Financial Reform, Renewable Energy and LIHTC; NMTC Project Profile; Public Comments on NMTC Allocation Application; Public Housing Proposal in Hawaii

cpas@novoco.com (Novogradac & Company LLP) — Tue, 24 November 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses legislative updates on tax extenders, financial reform renewable energy and the low-income housing tax credit. He also shares some new markets tax credits news in the Project Profile Segment and reviews the initial description of a proposal to end state oversight of public housing in Hawaii.

Ideas for Revitalizing the LIHTC Market; FHA's Financial Outlook; Sen. Schumer Requests Review of Section 1603 Program; Solar Manufacturing Jobs Creation Act Introduced

cpas@novoco.com (Novogradac & Company LLP) — Tue, 17 November 2009 1:00:00 -0800

Michael J. Novogradac, CPA, reviews the Federal Reserve Board publication, "Innovative Ideas for Revitalizing the LIHTC Market." He also shares news regarding FHA's self-professed financial outlook. Then he discusses Sen. Chuck Schumer's request that the Department of Energy review all energy projects that have asked for funding under the Section 1603 cash grant program, and examines the details of the Solar Manufacturing Jobs Creation Act.

Breaking News Roundup; Debate Compares LIHTC to Direct Federal Grants; CBO Reports on Funding for Rental Housing vs. Homeownership; Congressional hearings on Section 202 and Section 811 Programs; Proposal to Subject all Missouri Tax Credits to Appropriations; NMTC Project in St. Louis Uses Public Housing Capital Funds

cpas@novoco.com (Novogradac & Company LLP) — Tue, 10 November 2009 1:00:00 -0800

Michael J. Novogradac, CPA, shares several breaking news items: Richard Moe to retire from the National Trust for Historic Preservation; health bill passed the House on November 7 and includes a provision to codify the economic substance doctrine; the tax-exempt bond group at the IRS hires more personnel. Then he reviews some of the highlights of a debate regarding the strengths of the low-income housing tax credit as compared to direct federal grants. Then he examines a recent report by the Congressional Budget Office that compared federal funding levels for rental housing with funding levels for home ownership. He also I reviews a recent congressional hearing about HUD section 202 and 811 housing funding programs. Then, he discusses a proposal being considered in Missouri that would subject all state tax credits to an annual appropriations process. And finally, he highlights a recent new markets tax credit transaction in St. Louis, Missouri that combined NMTCs with public housing capital funds.

Round 7 NMTC Award Details; A.C.T.I.O.N Update; CCA About Section 1603 Grants; $2.2 Billion in New Clean Renewable Energy Bonds

cpas@novoco.com (Novogradac & Company LLP) — Tue, 3 November 2009 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the seventh round of new markets tax credit allocations. Then he provides an update on the progress of A.C.T.I.O.N. and the tax credit housing consensus proposal, examines a recent Chief Counsel Advice (CCA) document regarding grants under section 1603 of the Recovery Act and reviews the details of the recent allocation of $2.2 billion in new Clean Renewable Energy Bonds.

First NMTC Allocation Award of 2009; Second Annual NCDF Awards; NMTC Working Group Comment Letter; Audit of Tax-Exempt Bond Program; Legislative Update.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 October 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the first award of 2009 NMTC allocation authority made on October 24th to Heartland Renaissance Fund LLC. Then he shares the names of the winners of the Novogradac Community Development Foundation's Second Annual Community Development Awards, reviews a comment letter the New Markets Tax Credit Working Group has submitted to the CDFI fund on the 2009 NMTC Allocation Application and discusses a recent audit of the tax-exempt private activity bond program and the details of several pieces of relevant legislation.

HUD's Proposal to Eliminate Escrow Requirements; Tax Extender Legislation and Expiring Tax Incentive Programs; Request for Guidance on Power Purchase Agreements; and E&Y Study on LIHTC Investments.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 October 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses HUD's proposed rule to eliminate its requirement that proceeds from the syndication of historic, new markets and low-income housing tax credits be put into escrow at the time and FHA_insured loan is authorized; tax extender legislation and expiring tax incentive programs; a solar energy association's request for guidance on power purchase agreement; and a summary of a recently released study that found that a five-year carryback of LIHTCs would significantly increase LIHTC investments.

HUD's 2010 Difficult Development Areas and Qualified Census Tracts; HR 3715, Community Restoration and Revitalization Act of 2009 Introduced; NMTC Allocation Awards Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 October 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the new difficult development areas and qualified census tracts (QCTs and DDAs) that the U.S. Department of Housing and Urban Development has designated for 2010; reviews HR 3715, the recently proposed Community Restoration and Revitalization Act of 2009 that includes enhancements to the federal historic tax credit; updates listeners on the timing of the 2009 new markets tax credit allocations; and introduces a new feature, the Tax Credit Calendar.

Response to Atlanta Flooding; Legislative Climate in Washington, D.C.; TCAP Reporting Requirements; NCSHA Comment Letter on GSEs' Duties to Underserved Markets; Military Families Affordable Homes Act of 2009

cpas@novoco.com (Novogradac & Company LLP) — Tue, 6 October 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the state and federal response to recent flooding in the Atlanta, Ga. area. Then he examines the legislative climate in Washington, D.C. and what that means for the LIHTC. He also reviews TCAP job reporting requirements and shares some of the comments submitted by NCSHA about the GSEs duties to serve underserved markets. Finally, he discusses legislation that would allow more military personnel to qualify for low-income housing tax credit housing.

IRS Announcement 2009-69 for Section 45; Expanding Building Efficiency Incentives Act of 2009; Qualifying Advanced Energy Project Tax Credit program Notice; Treasury Dept. Section 1603 News; Treasury Dept. Section 1602 Guidance; State LIHTC Agencies Recovery Act Updates; OCC's Bank Evaluations

cpas@novoco.com (Novogradac & Company LLP) — Tue, 29 September 2009 1:00:00 -0800

Michael J. Novogradac, CPA, reviews guidance regarding the IRS safe harbor for allocating Section 45 production tax credits, details of proposed legislation that would expand the Section 45L tax credit, and an IRS request for public comment on a notice about the Section 48C tax credit program. He also shares updates from the Treasury Department about its Recovery Act housing and energy programs and news from state housing agencies about their implementation of the Recovery Act's programs. Finally, he summarizes the most recent round of bank evaluations conducted by the Office of the Comptroller of the Currency.

Michael F. Mundaca Nomination; Financial Services Committee on CRA; FHFA Proposal Regarding Fannie Mae and Freddie Mac; 10 Key Principles from NHC; Preview of the 16th Annual Affordable Housing Conference; Bipartisan Congressional Energy Proposal; Pending NMTC Guidance

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 September 2009 1:00:00 -0800

Michael J. Novogradac, CPA, talks about President Obama's nomination of Michael F. Mundaca to be Treasury Assistant Secretary for Tax Policy. He also discusses a Financial Services Committee hearing on the Community Reinvestment Act as well as the Federal Housing Finance Agency's most recent proposal regarding Fannie Mae and Freddie Mac's duty to serve underserved markets, and 10 key principles published last week by an industry-wide task force. Then he gives a preview of the 16th Annual Affordable Housing Conference, discusses a bipartisan congressional proposal to accelerate offshore drilling and use the government revenue from that drilling to extend several energy tax credits, and shares an announcement regarding pending guidance related to the new markets tax credit and the Recovery Act.

HUD Hold Harmless Policy; Mortgagee Letter 2009-24; Affordable Rental Housing A.C.T.I.O.N. Campaign; Recovery Act News

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 September 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses HUD's proposal to discontinue its hold harmless policy. He also summarizes HUD Mortgagee Letter 2009-24, presents an update on the Affordable Rental Housing A.C.T.I.O.N. Campaign and reviews the latest Recovery Act news.

Section 1603 Awards; 2009 LIHTC National Pool; Tax Credit Fund Announcements

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 September 2009 1:00:00 -0800

Michael J. Novogradac, CPA, examines the awards made by Treasury under the Recovery Act's Section 1603 program, details the results of the 2009 low-income housing tax credit National Pool allocations and discusses two announcements about tax credit funds.

LIHTC Exchange Program News; Status Update from CDFI Fund Community Development Advisory Board Chairman; Report on Calif. Prop. 1C Programs

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 September 2009 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news that the Treasury Department has relaxed the requirements for the disbursement of low-income housing tax credit exchange funds. He then reviews a status update from the chairman of the CDFI Fund's Community Development Advisory Board and a report that evaluates two housing programs funded by California's Proposition 1C.

Joint Center for Housing Studies Report; Oregon State Tax Credit Law; Wind Energy Promotion Act; Developments of Distinction Awards

cpas@novoco.com (Novogradac & Company LLP) — Tue, 25 August 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the most recent Joint Center for Housing Studies' report and examines a recent law approved in Oregon that sunsets all but four of the state's tax credits. Then he reviews the provisions of the Wind Energy Promotion Act. He also reminds listeners about the deadline to nominate LIHTC projects for the Developments of Distinction Awards.

Advanced Energy Manufacturing Tax Credit; Private Activity Bonds for Clean Energy Projects Act; CBO Budget Report; Legislative Goals of the Historic Tax Credit Coalition

cpas@novoco.com (Novogradac & Company LLP) — Tue, 18 August 2009 1:00:00 -0800

Michael J. Novogradac, CPA, discusses the new $2.3 billion Advanced Energy Manufacturing Tax Credit program and examines the Private Activity Bonds for Clean Energy Projects Act. He then reviews a report from the Congressional Budget Office that lists 66 ways for Congress to create more revenue including changes that could significantly affect renewable energy and affordable housing. Finally he shares an update from the Historic Tax Credit Coalition regarding its legislative and policy goals for the 111th Congress.

NMTC Extension Bill; Proposed Overhaul of GSEs; HUD Appropriations; DOE Renewable Energy Loan Guarantees; Proposed 2010 FMRs; Improvements to the NY Preservation Tax Credit; CDFI Fund Request for Comments on NMTC Application

cpas@novoco.com (Novogradac & Company LLP) — Tue, 11 August 2009 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about NMTC extension legislation, a proposed overhaul of Fannie Mae and Freddie Mac and HUD appropriations. He then reviews the Department of Energy's announcement about loan guarantees for renewable energy. He also examines the proposed 2010 fair market rents, discusses improvements to the New York State Historic Preservation Tax Credit, and reviews the CDFI Fund's request for comments on the NMTC allocation application.

Proposed 2010 FMRs; Section 1603 Applications Accepted; TCAP and Exchange Update; Section 48C Review; NMTC Working Group Compliance Comments; Status of Housing Appropriations

cpas@novoco.com (Novogradac & Company LLP) — Tue, 4 August 2009 1:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the U.S. Department of Housing and Urban Development's proposed fiscal year 2010 fair market rents and the Treasury Department announcement that it is accepting applications for cash grants under the Section 1603 program. Next, he gives another update on the Tax Credit Assistance Program and the tax credit exchange program. Then he examines the new Section 48C Qualifying Advanced Energy Project Investment Tax Credit and shares comments from the NMTC Working Group about CDFI Fund compliance guidance. Finally he updates listeners on the status of housing appropriations legislation.

Section 1602 Tax Credit Exchange Program; Housing Appropriations Bills; Build America Bonds; Fannie Mae's Multifamily Activities; DOE Report on Wind Power

cpas@novoco.com (Novogradac & Company LLP) — Tue, 28 July 2009 11:00:00 -0800

Michael J. Novogradac, CPA, gives an update on guidance for the Section 1602 tax credit exchange program and reviews the status of the Housing appropriations bills being considered in Congress. Then he shares an update from the Treasury Department about the Build America Bonds program and talks about news from Fannie Mae about its multifamily financing activities through the first half of 2009. Finally, he reviews a report about developments in the wind power market issued last week by the Department of Energy.

Section 1602 Guidance Update; Financial Services Hearing on Housing Preservation; Economic Subtance Legislation; HUD Staffing Update

cpas@novoco.com (Novogradac & Company LLP) — Wed, 22 July 2009 10:20:00 -0800

Michael J. Novogradac, CPA, shares an update on Treasury Department guidance for the Section 1602 tax credit exchange program. He then reviews highlights of a Financial Services subcommittee hearing about preserving affordable housing, examines the latest proposal to codify the economic substance doctrine, and summarizes recent HUD staffing changes.

LIHTC Exchange Guidance; RETC Exchange Guidance; Status of NMTC Regs; Update on LIHTC Working Group

cpas@novoco.com (Novogradac & Company LLP) — Tue, 14 July 2009 13:00:00 -0800

Michael J. Novogradac, CPA, summarizes Treasury Department guidance for the Section 1602 low-income housing tax credit exchange program, as well as a summary of guidance for the Section 1603 grant exchange program for renewable energy investment tax credits. He also updates listeners on the status of proposed regulations for the new markets tax credit program and share information about the recent activities of the Novogradac LIHTC Working Group.

Rep. Frank's Proposal to Fund Affordable Housing Trust Fund with TARP Dividends; AHTCC Letter to Congress Regarding Rumored Sale of GSE's LIHTC Portfolios; MuniMae Announces Sale of Its LIHTC Unit

cpas@novoco.com (Novogradac & Company LLP) — Tue, 7 July 2009 13:00:00 -0800

Michael J. Novogradac, CPA, discusses House Financial Services Committee Chairman Barney Frank's proposal to use TARP dividends to fund the Affordable Housing Trust Fund. He also shares a letter submitted by the Affordable Housing Tax Credit Coalition to Chairman Frank and Senate Banking Committee Chairman Chris Dodd regarding a rumored secondary market LIHTC transaction by Freddie Mac. And finally, he reviews the recent announcement that MuniMae will sell its LIHTC unit.

Disaster State Housing Recovery Act; Financial Services Committee Hearing on Affordable Housing Preservation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 30 June 2009 11:30:00 -0800

Michael J. Novogradac, CPA, discusses legislation that would make GO Zone and disaster tax credits eligible for the Section 1602 exchange program. He also reviews highlights from last week's Financial Services Committee hearing on affordable housing preservation.

Summary of NCSHA Conference Panels on TCAP and Credit Exchange; Review of LIHTC Roundtable Discussion Developments; A Look at the Congressional Hearing on the NMTC; Recap of Comments Made By Fed Chairman about LIHTC Investment Market

cpas@novoco.com (Novogradac & Company LLP) — Tue, 23 June 2009 11:30:00 -0800

Michael J. Novogradac, CPA, summarizes discussions held at the NCSHA conference regarding the the LIHTC provisions of the Recovery Act. He then reports on the details of a recent LIHTC industry roundtable discussion. He also reviews last week's congressional committee hearing about the NMTC program and shares some remarks about the tax credit investment market made by Federal Reserve Chairman Ben Bernanke.

Notice 2009-52: Election of Investment Tax Credit in Lieu of Production Tax Credit; Highlights from Novogradac & Company's 8th Annual New Markets Tax Credit Spring Conference

cpas@novoco.com (Novogradac & Company LLP) — Tue, 16 June 2009 11:30:00 -0800

Michael J. Novogradac, CPA, reviews new guidance from the IRS about how to claim the investment tax credit for renewable energy in lieu of the production tax credit. He also shares some highlights from Novogradac & Company's 8th Annual New Markets Tax Credit Spring Conference that was held in Washington D.C. on June 11-12.

Tax Patent News; Legislative Development Regarding TCAP Funds; GAO Report on Minority Participation in the NMTC Program; TCAP and LIHTC Exchange Program Updates

cpas@novoco.com (Novogradac & Company LLP) — Tue, 9 June 2009 11:30:00 -0800

Michael J. Novogradac, CPA, provides an update related to tax patents and breaking news from the U.S. Senate regarding the use of TCAP funds. He also discusses a GAO report about minority participation in the NMTC program and the latest developments with TCAP and the LIHTC exchange program.

Recovery Act NMTC Allocation Awards; Legislation to Prohibit Tax Patents; Comments Invited on HUD's Multifamily Approval Process

cpas@novoco.com (Novogradac & Company LLP) — Tue, 2 June 2009 10:30:00 -0800

Michael J. Novogradac, CPA, reviews the new markets tax credit awards announced as part of the Recovery Act of 2009. He also examines a legislative proposal to prohibit tax patents and discusses an invitation to comment about using FHA-insured multifamily mortgages with low-income housing tax credits and tax-exempt housing bonds.

Net Operating Loss Carryback Act; LIHTC Carryback Proposal; Recovery Act Renewable Energy Grant Program

cpas@novoco.com (Novogradac & Company LLP) — Tue, 26 May 2009 11:20:00 -0800

Michael J. Novogradac, CPA, examines two proposals that would change carry back rules - one for net operating losses and another for low-income housing tax credits. He also provides an update to share regarding the renewable energy grant program created by the Recovery Act of 2009.

NMTC Application Update; Highlights from the New Orleans LIHTC Conference; 2010 Green Book Proposals; HUD and DOE Weatherization Agreement

cpas@novoco.com (Novogradac & Company LLP) — Tue, 19 May 2009 10:20:00 -0800

Michael J. Novogradac, CPA, shares news about the seventh round of NMTC allocation applications, reviews highlights from the LIHTC conference held last week in New Orleans, discusses details from the 2010 Green Book, and talks about an agreement announced recently between HUD and the Department of Energy.

TCAP and Exchange Program Update; HUD NSP News; IRS Utility Allowance Guidance; Florida's New NMTC

cpas@novoco.com (Novogradac & Company LLP) — Tue, 12 May 2009 10:20:00 -0800

Michael J. Novogradac, CPA, shares an update about the Tax Credit Assistance Program and tax credit exchange program. He also discusses news about HUD's Neighborhood Stabilization Program, examines guidance from the IRS about LIHTC utility allowances, and reviews the recently-approved Florida state new markets tax credit.

TCAP and LIHTC Exchange Guidance; GO Zones and Disaster Credits; RETC Tax Expenditures; NMTC Compliance Guidance

cpas@novoco.com (Novogradac & Company LLP) — Tue, 5 May 2009 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about guidance just issued by HUD and Treasury regarding the low-income housing tax credit exchange program and Tax Credit Assistance Program (TCAP). He also discusses the eligibility of GO Zone and Disaster Area tax credits for the credit exchange program. He then reviews a JCT report about tax expenditures for renewable energy conservation and production and brings listeners up to speed on the latest new markets tax credit compliance guidance from the CDFI Fund.

PLR: Off Site Costs and Eligible Basis; Green Bank Act of 2009; State Historic Tax Credit Legislation; Recovery Act Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 28 April 2009 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about a recent private letter ruling in which the IRS ruled that the costs of constructing streets and related infrastructure improvements that are dedicated to public use are includable in eligible basis. He also examines a proposal to create a national entity called the Green Bank, reviews the status of legislative efforts in a number of states to create or amend state historic tax credit programs, and updates listeners on the implementation of the LIHTC provisions of the Recovery Act of 2009.

Update on Federal Guidance Being Developed for the Recovery Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 21 April 2009 13:00:00 -0800

Michael J. Novogradac, CPA, updates listeners on what is currently known about the federal guidance being developed for the implementation of the low-income housing tax credit provisions of the Recovery Act of 2009.

IRS Guidance on Renewable Energy Tax Credit Bonds; Carried Interests Legislation; More State LIHTC Agencies's Recovery Act Plans

cpas@novoco.com (Novogradac & Company LLP) — Tue, 14 April 2009 13:00:00 -0800

Michael J. Novogradac, CPA, provides a summary of the latest guidance released for qualified energy conservation bonds and new clean renewable energy bonds. He also explains legislation reintroduced in the House that would tax all income generated from "carried interests" as ordinary income. Finally, he continues the ongoing coverage of LIHTC allocating agencies as they implement the Recovery Act of 2009.

Financing Renewable Energy Conference Preview; Highlights of CDFI Fund Director's Message; Updates on State Plans for ARRA Programs

cpas@novoco.com (Novogradac & Company LLP) — Tue, 7 April 2009 13:00:00 -0800

Michael J. Novogradac, CPA, previews the Financing Renewable Energy Conference planned for April 30-May 1. He also discusses highlights of CDFI Fund Director Donna Gambrell's most recent Director's Message and shares updates on state agencies' plans for LIHTC programs created by the Recovery Act of 2009.

IRS Announces 2009 Per Capita Populations; HUD Seeks Input on HERA Data Collection Provision; 2009 NMTC Application Deadline Nears; State LIHTC Agencies Announce Plans For ARRA Programs

cpas@novoco.com (Novogradac & Company LLP) — Tue, 31 March 2009 13:00:00 -0800

Michael J. Novogradac, CPA, examines the IRS's per capita population numbers for 2009 and alerts listeners to a HUD notice seeking input on the LIHTC tenant data collection requirement as imposed by the 2008 Housing and Economic Recovery Act. He also reviews submission requirements for 2009 NMTC allocation applications and shares updates on state housing tax credit allocating agencies plans for implementing the Tax Credit Assistance Program and Exchange Program created by the Recovery Act of 2009.

CDFI Fund's Recovery Act Implementation Plan; 2009 Income Limits; California's Proposed Rules for TCAP and Exchange Program

cpas@novoco.com (Novogradac & Company LLP) — Tue, 24 March 2009 13:00:00 -0800

Michael J. Novogradac, CPA, shares the Treasury Department's plans to allocate the $3 billion in additional new markets tax credit authority provided by the American Recovery and Reinvestment Act of 2009. He also outlines the changes in the 2009 income limit data released by the U.S. Department of Housing and Urban Development and updates listeners on the California housing tax credit allocating agency's plans for the LIHTC provisions of the Recovery Act.

State-by-State Review of Plans for LIHTC Exchange Option and TCAP Funds

cpas@novoco.com (Novogradac & Company LLP) — Tue, 17 March 2009 13:00:00 -0800

Michael J. Novogradac, CPA, reviews how tax credit allocating agencies throughout the country are approaching their plans to implement the low-income housing tax credit credit exchange option, and their plans to disperse their share of Tax Credit Assistance Program (TCAP) dollars.

NMTC News from the CDFI Fund; Highlights of the Proposed Federal Budget

cpas@novoco.com (Novogradac & Company LLP) — Tue, 10 March 2009 13:00:00 -0800

Michael J. Novogradac, CPA, shares news from the Community Development Financial Institutions Fund and discusses some of the highlights of President Obama's proposed federal budget for 2010.

ARRA's RETC Provisions, LIHTC Exchange Program Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 3 March 2009 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the pros and cons of claiming the renewable energy investment tax credit in lieu of claiming the renewable production tax credit as allowed under the American Recovery and Reinvestment Act of 2009. He also provides an update on how states might implement the LIHTC credit exchange program provided under ARRA.

Response to the American Recovery and Reinvestment Act of 2009

cpas@novoco.com (Novogradac & Company LLP) — Tue, 24 February 2009 13:00:00 -0800

Michael J. Novogradac, CPA, shares some of the responses from the housing, energy and community development industries to the American Recovery and Reinvestment Act of 2009.

Tax Credit Highlights of the American Reinvestment and Recovery Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 17 February 2009 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the new markets tax credit (NMTC), renewable energy tax credit (RETC) and low-income housing tax credit (LIHTC) provisions included in the American Reinvestment and Recovery Act of 2009.

Update on Economic Recovery Package; Highlights from the San Diego NMTC Conference; Recent Activity of the LIHTC Working Group

cpas@novoco.com (Novogradac & Company LLP) — Tue, 10 February 2009 13:00:00 -0800

Michael J. Novogradac, CPA, reports breaking news about the economic recovery package. He also shares some of the highlights of the New Markets Tax Credit Investors Conference that Novogradac & Company hosted on January 29-30, and gives an update on the recent activities of the LIHTC Working Group.

LIHTC, NMTC and RETC Provisions in the Economic Recovery Package

cpas@novoco.com (Novogradac & Company LLP) — Tue, 3 February 2009 13:00:00 -0800

Michael J. Novogradac, CPA, updates listeners on the current status of the economic recovery bill that is being crafted by Congress, and which may be passed provisions that affect affordable housing, community development and renewable energy.

Details of the 7th NMTC Round; New York's Upstate Equity Fund; Update on Federal Economic Recovery Legislation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 January 2009 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the opening of the seventh round of NMTC allocation applications in detail. He also talks about the financing of affordable housing developments using an new equity fund in New York. Finally, he shares the very latest news on the development of economic recovery legislation in Congress.

Seventh NMTC Round Opens; Federal Economic Recovery Bill Update; Potential Changes to TARP; Proposed Targeted Populations Regs for the NMTC

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 January 2009 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news on the opening of the seventh NMTC application round and the latest update on federal economic recovery legislation. He also discusses potential changes to TARP and previews his comments planned for a Treasury hearing on proposed targeted population regulations.

Update on Economic Recovery Legislation; Highlights from Miami Washington Wire Panel; News from NCSHA's HFA Institute

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 January 2009 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the current status economic recovery package in Washington, D.C. He also shares highlights of the Washington Wire panel from Novogradac & Company's affordable housing developers conference in Miami and updates listeners on news from NCSHA's HFA Institute.

Update on the Economic Recovery Package; Summary of CDFI Fund Advisory Board Subcommittee Meeting

cpas@novoco.com (Novogradac & Company LLP) — Tue, 6 January 2009 13:00:00 -0800

Michael J. Novogradac, CPA, reviews the latest developments surrounding the economic recovery bill that Congress plans to consider this month. He also discusses last month's meeting of a CDFI Fund Community Development Advisory Board subcommittee that was formed to consider policy and program recommendations related to the impact of the current global financial crisis.

Budget Impasse in Calif. Impacts Affordable Housing Developments; Investors and Syndicators Comment on the LIHTC Equity Market; Tax Credit Provisions Being Considered for Economic Recovery Package

cpas@novoco.com (Novogradac & Company LLP) — Tue, 23 Dec 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses how the state budget crisis in California is affecting the construction of affordable housing. He also reports on current conditions in the LIHTC equity investment market and shares updates on tax credit proposals being suggested for inclusion in an economic recovery package.

Obama Names HUD Secretary Pick; Congress Considers Economic Recovery Options; Revenue Raising Strategies Concern Real Estate Investors; IRS Holds Hearing on NMTC Regs

cpas@novoco.com (Novogradac & Company LLP) — Tue, 16 Dec 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about president-elect Barack Obama's pick for HUD Secretary and updates about the ongoing development of an economic recovery package. He also reviews some of the revenue raising strategies that Congress may consider in the coming year. He also discusses the testimony that he and others provided at an IRS hearing last Friday on proposed changes to the new markets tax credit regulations.

NMTC Program News; More Economic Stimulus Planned; LIHTC Agency Updates

cpas@novoco.com (Novogradac & Company LLP) — Tue, 9 Dec 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares several timely updates on the NMTC program, discusses the status of a new economic stimulus package and follows up on LIHTC allocating agency responses to current financial conditions.

Another Economic Stimulus Bill; Survey of LIHTCs Returned to State Agencies; Preview of Upcoming LIHTC Conferences

cpas@novoco.com (Novogradac & Company LLP) — Tue, 25 Nov 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses breaking news about the status of another economic stimulus bill in Washington, D.C., shares the results of an informal survey taken to assess how many 2008 tax credit allocations have been returned by developers and previews some of the key panels planned for upcoming LIHTC conferences in Las Vegas and in Miami.

IRS Gives Guidance on 9 Percent Floor; Obama Administration Plans Transition; Congress Considers Economic Stimulus

cpas@novoco.com (Novogradac & Company LLP) — Tue, 18 Nov 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the IRS new notice providing clarification on the 9% applicable percentage floor. He also discusses the latest news from President-elect Barack Obama's transition team and reviews developments in Congress as lawmakers consider strategies for shoring up the sagging economy.

Election's Impact on LIHTC, NMTC, RETC and More

cpas@novoco.com (Novogradac & Company LLP) — Tue, 11 Nov 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses what the results of the 2008 elections mean for affordable housing, community development, renewable energy and related matters.

Ways & Means Hearing on Economic Stimulus; Profiles of Community Development Foundation Award Winners

cpas@novoco.com (Novogradac & Company LLP) — Tue, 4 Nov 2008 13:00:00 -0800

Michael J. Novogradac, CPA, reviews a hearing held last week by House Ways and Means Chairman Charlie Rangel regarding economic recovery and job creation. He alsos profile the winners of the Novogradac Community Development Foundation Awards announced last month.

New Economic Stimulus Package; LIHTCs and TARP; Ohio HTC Awards; Analysis of NMTC Allocations; Year-End Checklist for LIHTC Developers

cpas@novoco.com (Novogradac & Company LLP) — Tue, 28 Oct 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the likelihood of another economic stimulus package that could potentially include proposals related to the NMTC and/or LIHTC. He also talks about a letter from the AHTCC to Treasury and members of Congress that discourages the treatment of low-income housing tax credits as troubled assets under the Emergency Economic Stabilization Act of 2008. He then shares recent news about new awards made under Ohio's historic tax credit program, shares analysis of the sixth round of new markets tax credit allocation awards, and reviews a list of some tax and accounting items that all LIHTC developers should be considering as the end of the year approaches.

Sixth Round NMTC Allocations; Report on NMTC Results through 2007; LIHTC and Bond Caps for 2009; 2008 National Pool for LIHTC; State Tax Credit Agencies' Responses to Law and Market Changes; NMTC Conference Preview

cpas@novoco.com (Novogradac & Company LLP) — Tue, 21 Oct 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the sixth round of NMTC allocations and the results of a new report about the NMTC program's performance through 2007, as well as breaking news about the 2009 LIHTC and bond caps and the IRS's announcement of National Pool credits for the LIHTC program. He then discusses recent announcements by state housing tax credit allocation agencies regarding adjustments in response to changes in the tax credit equity market and changes related to legislation. He also previews some of the panel discussions that will be presented at the New Markets Tax Credit Investors conference later this week.

Energy Tax Incentives for Affordable Housing and Community Development; CA LIHTC Bifurcated from Federal LIHTC

cpas@novoco.com (Novogradac & Company LLP) — Tue, 14 Oct 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses details about the numerous energy tax credits that were included in recently-passed extender legislation. He also provides an update on SB 585, a bill that was signed recently by Governor Arnold Scharzenegger that will allow the California state housing tax credit to be sold separately from the federal housing tax credit.

Extender Legislation Signed Into Law; Proposed Targeted Population Rules for NMTC Program; New Guidance from IRS Regarding the LIHTC Modernization Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 7 Oct 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about tax extender legislation signed into law. He also discusses proposed regulations regarding targeted populations under the new market tax credit program as well as additional guidance from the IRS regarding certain provisions contained in the recently passed Low Income Housing Tax Credit Modernization Act.

Renewable Energy, Tax Extender Legislation; How State Agencies are Implementing Housing Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 30 Sep 2008 13:00:00 -0800

Michael J. Novogradac, CPA, provides an update on the fate of tax extender legislation and shares more news about how state housing tax credit allocating agencies are implementing the tax credit and bond changes made by the Housing and Economic Recovery Act of 2008.

IRS Guidance on the Housing Act of 2008; Status of Tax Extender Legislation; OCC Guidance on Bank Investment in RETC Transactions; IRS Survey of Tax-Exempt Entities

cpas@novoco.com (Novogradac & Company LLP) — Tue, 23 Sep 2008 13:00:00 -0800

Michael J. Novogradac, CPA, disucusses the latest guidance issued by the IRS regarding the Housing Assistance Tax Act of 2008 and brings listeners up to speed on the current status of of energy and new markets tax credit extension legislation. He also discusses recent guidance from the Office of the Comptroller of the Currency regarding banks ' investments in solar tax credit projects and shares highlights from an IRS survey tax-exempt entities.

IRS/Treasury 2008-2009 Priority Guidance Plan; Tax Credit Extension Legislation; Status of Calif. Senate Bill 585

cpas@novoco.com (Novogradac & Company LLP) — Tue, 16 Sep 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about upcoming guidance expected from the Treasury Department. He also discusses what can be expected from Congress in the coming weeks regarding tax credit extension legislation, as well as the status of SB 585, a bill that would allow the California state LIHTC to be bifurcated from the federal LIHTC.

Conservatorship of Fannie Mae and Freddie Mac; Current Status of NMTC Applications, Expected Award Announcements; How State Agencies are Implementing Housing Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 9 Sep 2008 13:00:00 -0800

Michael J. Novogradac shares breaking news about the futures of Fannie Mae and Freddie Mac. He also discusses the current status of NMTC applications and the expected award announcements and shares some updates on how state housing tax credit allocating agencies are implementing the LIHTC changes made by the Housing and Economic Recovery Act of 2008.

National Non-metropolitan Median Income Questions; Status of NMTC, RETC Extension Legislation; Midwest Disaster Relief Bill

cpas@novoco.com (Novogradac & Company LLP) — Tue, 2 Sep 2008 11:00:00 -1000

Michael J. Novogradac, CPA, discusses uncertainty about implementing the national non-metropolitan median income provision of the Housing and Economic Recovery Act of 2008. He also reviews the status of NMTC and energy tax credit extension legislation and discusses the progress of the Midwest Disaster Relief Bill.

Recent Activities of the NMTC Working Group; Profiles of Panels Planned for the San Francisco LIHTC Conference; Historic Tax Credit Provisions Of Housing and Economic Recovery Act

cpas@novoco.com (Novogradac & Company LLP) — Tue, 26 Aug 2008 11:00:00 -1000

Michael J. Novogradac, CPA, updates listeners on the recent activities of the NMTC Working Group. He also profiles a few of the panels that we have planned for the San Francisco LIHTC conference in early September and highlights some of the provisions in the Economic and Tax Recovery Act of 2008 that are of interest to the historic tax credit community.

Updated NTMC Regulations; NMTC Coalition's 50 Projects - 50 States Project; Large LIHTC Finance Agreement in Puerto Rico

cpas@novoco.com (Novogradac & Company LLP) — Tue, 19 Aug 2008 11:00:00 -1000

Michael J. Novogradac, CPA, reviews the updated NTMC regulations the IRS released on August 8 and discusses the New Markets Tax Credit Coalition's 50 Projects - 50 States Project. He also talks about a recent finance agreement in Puerto Rico that HUD describes as the largest single equity investment in the 22-year history of the Low-Income Housing Tax Credit program.

Amended NMTC Regulations; Community Development Awards Deadline Extension; State Housing Finance Agencies' Response to the Housing and Economic Recovery Act; Renewable Energy Tax Credit Extension Efforts

cpas@novoco.com (Novogradac & Company LLP) — Tue, 12 Aug 2008 11:00:00 -1000

Michael J. Novogradac, CPA, shares breaking news about the recently released amended NMTC regulations and informs listeners that the deadline to nominate NMTC investments for the Community Development Awards has been extended. He also reviews policy changes that state housing finance agencies are making following the enactment of the Housing and Economic Recovery Act and discusses the renewed focus on energy in Congress and what it means for renewable energy tax credits.

Tax Extender Legislation; IRS Utility Allowance Rules; Colorado's Conservation Easement Tax Credit

cpas@novoco.com (Novogradac & Company LLP) — Tue, 5 Aug 2008 11:00:00 -1000

Michael J. Novogradac, CPA, discusses tax extender legislation that would renew the new markets tax credit and the renewable energy tax credits. He also reviews the final rule released last week by the IRS regarding utility allowances in low-income housing tax credit properties and shares news about investigations of Colorado's conservation easement tax credit program.

Housing Stimulus Bill Approved by Congress; Senate to Consider Tax Extenders; Highlights of Report on GO Zone Tax Incentives and Lightning Round in Louisiana; Midwestern Disaster Tax Relief Legislation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 29 Jul 2008 11:00:00 -1000

Michael J. Novogradac, CPA, shares the good news about the passage of H.R. 3221, the the Housing and Economic Recovery Act of 2008. He also discusses legislation the Senate will consider this week that would extend the new markets tax credit and renewable energy tax credits, reviews the highlights of a report about GO Zone tax incentives, as well as recent guidance about a special Lightning Round of tax credit allocation offered by the Louisiana Housing Finance Agency, and examines the provisions of legislation introduced to provide disaster relief to Midwestern states.

Housing Stimulus Bill Makes Progress; Legislative Wrangling Slows RETC, NMTC Extensions

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 Jul 2008 11:00:00 -1000

Michael J. Novogradac, CPA, updates listeners on the status of the housing stimulus bill and discusses the latest legislative wrangling surrounding tax extenders legislation.

Senate Passes Housing Stimulus Bill; Tax Relief Proposed for Midwestern States

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 Jul 2008 11:00:00 -1000

Michael J. Novogradac, CPA, updates listeners on the status of the housing stimulus legislation being considered in Congress. He also discusses the provisions of a tax relief measure designed to help Midwestern states that have been ravaged this year by floods and severe storms.

Housing Stimulus Bill; Affordable Housing in Calif.; Historic Rehabilitation in N.Y.; IRS Tax Relief for Flood Victims in Midwest

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 Jul 2008 11:00:00 -1000

Michael J. Novogradac, CPA, shares breaking news on the housing stimulus bill, discusses affordable housing news from California and historic tax credit news from New York, and provides the latest news about disaster relief being provided by the Internal Revenue Service for victims of the severe storms and flooding in the Midwest.

Highlights from NCSHA's Tax Credit Conference; Updates on LIHTC Modification, RETC Extension

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 Jul 2008 11:00:00 -1000

Michael J. Novogradac, CPA, discusses highlights from the National Council of State Housing Agencies' tax credit conference held in Miami last week and shares updates on the ongoing legislative efforts to enhance the low-income housing tax credit and to extend certain energy tax credits.

Updates on Tax Extender, Housing Stimulus Legislation; Highlights from Novogradac New Markets Tax Credit Conference; How to Nominate Individuals, Investments for Novogradac Community Development Awards.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 24 Jun 2008 11:00:00 -1000

Michael J. Novogradac, CPA, reviews the status of housing stimulus and tax extender legislation being considered in Congress, discusses highlights from Novogradac New Markets Tax Credit Conference that was held in Washington, D.C. a week and a half ago and explains how to nominate individuals or investments for the Community Development Awards that the Novogradac Community Foundation will present this fall.

Tax Extender and Housing Stimulus Updates; Affordable Housing Tax Credit Awards for Excellence; News from the American Wind Energy Association Conference.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 17 Jun 2008 11:00:00 -1000

Michael J. Novogradac, CPA, updates listeners on tax extender and housing stimulus legislation, discusses the Affordable Housing Tax Credit Awards for Excellence that were presented in Washington DC last week, and shares news from the American Wind Energy Association conference earlier this month.

Status Updates on Housing Stimulus and Tax Extender legislation; Steve Preston Confirmed as New HUD Secretary; Efforts to Re-open Ohio's Historic Tax Credit Program.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 10 Jun 2008 13:00:00 -0800

Michael J. Novogradac, CPA, reviews updates in the status of housing stimulus and tax extender legislation; discusses Steve Preston's confirmation as the new HUD Secretary; and shares the latest news about the effort to re-open Ohio's historic tax credit program.

Military Housing Legislation; Georgia's Historic Tax Credit; LIHTC in American Samoa; Audit Status of NMTC Program.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 03 Jun 2008 13:00:00 -0800

Michael J. Novogradac, CPA,discusses legislation introduced in Congress that would allow more low-income members of the armed forces to qualify to live in tax credit financed rental housing; examines changes to the state historic tax credit program approved recently in Georgia, and we 'll discuss American Samoa's first steps toward participation in the federal low-income housing tax credit program; and shares some statistics on the audit status of the new market tax credit program.

Housing Stimulus Bill; Tax Extender Legislation; IRS Guidance about Solar Equipment in Bond-Financed Projects.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 May 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the current status of the housing stimulus bill and the tax extender legislation, both of which are making their way through Congress and reviews a recent ruling from the IRS that provides guidance on structuring renewable energy tax credit transactions.

Tax Extender Legislation; Housing Stimulus Package; HUD 2008 SuperNOFA.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 May 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the progress that tax extender and housing stimulus legislation are making in Congress and reviews key points of HUD's 2008 Super NOFA.

Housing Stimulus Package Update; Tax Extender Legislation Status; What HUD's AMGI Revisions Mean for Preparing Market Studies; California State LIHTC Legislation.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 May 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares the latest update on housing stimulus legislation making its way through Congress, shares news of a tax extender package that will be introduced in the House, discusses the challenges of preparing market studies in light of the HUD AMGI revisions and updates listeners on the status of legislation introduced in California to allow the California state housing tax credit to be bifurcated from the federal low-income housing tax credit.

Alternative Minimum Tax and Extenders Tax Relief Act of 2008; Prevailing wages in California; Recent activity of the NMTC Working Group; and Bonus depreciation provisions of the Senate's Foreclosure Prevention Act.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 06 May 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the Alternative Minimum Tax and Extenders Tax Relief Act of 2008; updates listeners on the prevailing wage situation in California; outlines the recent activity of the NMTC Working Group; and reviews the bonus depreciation provisions included in the Senate's Foreclosure Prevention Act.

Update on Housing Stimulus Bills; Neighborhood Stabilization Act of 2008; Size of Equity Market and Key Dynamics in Determining LIHTC Price

cpas@novoco.com (Novogradac & Company LLP) — Tue, 29 Apr 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares a a breaking news update about the status of the housing stimulus bills being considered by Congress; reviews the details of the Neighborhood Stabilization Act of 2008; and discusses the approximate size of the 2008 LIHTC equity market and the key dynamics at play in determining the pricing for low-income housing tax credits.

Bush's Nominee for HUD Secretary; NMTC, RETC Extension Legislation; IRS Guidance Priority List; Rhode Island Historic Tax Credit Program; Ohio Historic Preservation Tax Credit; Missouri State Low-Income Housing Tax Credit; Effect of Credit Crisis on Affordable Housing

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 Apr 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news on President Bush's nominee to serve as HUD Secretary, legislation introduced to extend the NMTC and RETC, and an IRS invitation to request written guidance. He also discusses developments at the state level regarding several tax credit programs, including Rhode Island's Historic Tax Credit Program, Ohio's historic preservation tax credit and Missouri's state low-income housing tax credit. Finally, he reviews recent reports in the media about the effect that the credit crisis is having on the development of affordable housing.

Status of housing stimulus legislation; New information about HUD AMGI calculations; Green building criteria for LIHTC projects.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 Apr 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the status of housing stimulus legislation, particularly a number of provisions being considered to enhance the low-income housing tax credit; shares some new information that we've learned about HUD Area Median Gross Income calculations and how this information will affect the operation of LIHTC properties; and reviews the findings of a national review of green building criteria for LIHTC projects.

Status of LIHTC, RETC and NMTC legislation; Updates on Treasury NMTC and LIHTC regulations projects

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 Apr 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the status of low-income housing tax credit, energy and new markets tax credit legislation, as well as the status of Treasury regulations for the new markets tax credit and LIHTC programs.

HUD Secretary Jackson Resigns; Colorado Housing Finance Agency Responds to LIHTC Market; New York Affordable Housing Community Concerned About Prevailing Wage Law; Proposal to Alter Rhode Island's State Historic Tax Credit

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 Apr 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the breaking news of HUD Secretary Alphonso Jackson's resignation, then focuses on tax credit topics developing at the state level, including how the Colorado Housing Finance Agency is responding to the changes in the LIHTC equity market, why the affordable housing community in New York is concerned about recent developments in the state's prevailing wage law, and what a proposal to alter the state historic tax credit could mean for community development in Rhode Island.

Housing Tax Credit Coordination Act and Community Restoration and Revitalization Act Urged as Additions to LIHTC Modernization Package

cpas@novoco.com (Novogradac & Company LLP) — Tue, 25 Mar 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses draft legislation being circulated in Congress to coordinate the use of HUD programs with the low-income housing tax credit as well as a proposal to add historic rehabilitation tax credit preservation provisions to the LIHTC modernization package.

State Housing Agency Actions to Address Current LIHTC Equity Market Conditions; Effect of Lower LIHTC Equity Prices on NMTC Market; Impact of Debt Market Turbulence on Affordable Rental Housing.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 18 Mar 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses policy modifications that some state housing agencies are considering to address the volatility in the LIHTC equity market, considers what effect the changes in the price of housing tax credits could have on the prices of new markets tax credits, and reports from the field regarding the impact that turbulence in the debt market is having on affordable rental housing.

Key compliance dates for NMTC applicants; Status of LIHTC modernization bill; Update on the current range of pricing for housing tax credits.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 11 Mar 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses key compliance dates for new market tax credit applicants, reviews more information about the status of the low-income housing tax credit modernization bill, and provides an update on the current range of pricing for housing tax credits.

RETC Extension Legislation; Housing Stimulus Bills; and a Report on Leverage Measures used by the LIHTC and NMTC programs.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 4 Mar 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses efforts to extend the production and investment tax credits for renewable energy; the status of efforts in Congress to craft and pass a Housing Stimulus Bill; and a report published last month that examines the leverage measures used by programs such as the Low-Income Housing Tax Credit and New Markets Tax Credit.

Analysis of effect of 2008 income limits on LIHTC properties; Current status of LIHTC modernization legislation.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 26 Feb 2008 13:00:00 -0800

Michael J. Novogradac, CPA, provides additional analysis on the effect of HUD's 2008 income limits on low-income housing tax credit properties, and updates listeners on the current status of legislation to modernize the housing tax credit.

HUD income limits for 2008; Congressional movement toward an energy tax package; Senate hearing about GSE reform and news about GSE affordable housing investments in 2007; Clean Renewable Energy Bond financing.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 19 Feb 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about HUD's recently released income limits for 2008 and a new energy tax package introduced in the House, highlights a recent Senate hearing about GSE reform and news about GSE affordable housing investments in 2007, and discusses Clean Renewable Energy Bond financing announced by the IRS.

Economic stimulus package status update; discussion of Administration's 2009 budget proposal.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 12 Feb 2008 13:00:00 -0800

Michael J. Novogradac, CPA, updates listeners on the final details of the economic stimulus package approved by Congress last week and discusses what the Administration's proposed budget for 2009 holds for the tax credit community.

Update on the progress of the economic stimulus package; Highlights of CDFI Fund Director Donna Gambrell's keynote address at Novogradac's New Markets Tax Credit Conference in San Diego.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 5 Feb 2008 13:00:00 -0800

Michael J. Novogradac, CPA, provides an update on the progress of the economic stimulus package being considered in Congress and replays highlights of CDFI Fund Director Donna Gambrell's keynote address at Novogradac's New Markets Tax Credit Conference in San Diego last month.

Affordable housing, community development and renewable energy communities weigh in on the economic stimulus package being crafted by Congress.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 Jan 2008 13:00:00 -0800

Michael Novogradac explores the new markets tax credit, the low-income housing tax credit and the renewable energy tax credit communities' efforts to encourage Congress to include the NMTC, LIHTC and RETC in its economic stimulus package.

Economic stimulus package being considered by Congress; Washington Wire panel highlights from the 14th Annual Tax Credit Developers Conference; Impact of subprime loan crisis on the debt markets; Review of important points from the CDFI Fund's NMTC applications workshops.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 Jan 2008 13:00:00 -0800

Michael J. Novogradac, CPA, shares breaking news about the economic stimulus package being considered by Congress, speaks about the highlights of the Washington Wire panel discussion from the 14th Annual Tax Credit Developers Conference; reports on the impact that the subprime loan crisis has had on the debt markets; and reviews important points from the CDFI Fund's NMTC applications workshops.

Status of Pending Tax Credit Legislation; Deadlines for Sixth Round NMTC Applicants; Range of Prices Being Paid for LIHTCs

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 Jan 2008 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the status of tax credit legislation that failed to pass last year, and considers the likelihood that it can pass this year; reviews important deadlines for groups applying for New Markets Tax Credits in the current allocation application round; and reports on the range of prices being paid for low-income housing tax credits.

LIHTC Student Rule Change, Indian Block Grant Payment Ruling; Update on IRS Tax Preparer Penalty Rules; Technical Change to Section 470

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 Jan 2008 13:00:00 -0800

Michael J. Novogradac, CPA, explains revisions to the LIHTC student eligibility rules;describes IRS guidance regarding rental assistance payments under the Indian Housing Block Grant Program; updates listeners on guidance from the IRS on its new tax preparer penalty rules; and discusses a recent technical change to the loss limitation rules under Internal Revenue Code Section 470.

NMTC Extension Update, Review of IRS's NMTC Regulations Revisions, Examination of Conservation Easement Donation Tax Credit Programs and Status of the Energy Tax Bill, December 18, 2007

cpas@novoco.com (Novogradac & Company LLP) — Tue, 18 Dec 2007 13:00:00 -0800

Michael Novogradac, CPA, updates listeners on efforts to extend the NMTC, reviews the IRS's plans to provide revised NMTC regulations, examines conservation easement donation tax credit programs and speaks about the status of the energy passed last week by Congress.

Update on Tax Reform Discussions in Congress, Considerations When Using Tax-Exempt Bonds in NMTC Deals and a Look at State Historic Tax Credit Programs, December 11, 2007

cpas@novoco.com (Novogradac & Company LLP) — Tue, 11 Dec 2007 13:00:00 -0800

Michael Novogradac, CPA, shares breaking news about congressional tax writers' plans to consider tax reform, discusses two scenarios for using tax-exempt bond financing in new markets tax credit transactions and profiles Ohio's Historic Preservation Tax Credit in an overview of state-level HTCs.

Update on Tax Extender Bills in Congress, Treasury Department's Open Regulation Project on the NMTC, Projected Key Dates for the NMTC Program, New Tax Preparer Penalty Rules, December 4, 2007

cpas@novoco.com (Novogradac & Company LLP) — Tue, 4 Dec 2007 13:00:00 -0800

Michael Novogradac, CPA, updates listeners on the status of energy tax legislation as Congress returns from its Thanksgiving recess, reminds listeners of the Treasury Department's open regulation project on the NMTC, projects key dates for the NMTC program, and comments on new tax preparer penalty rules.

Treasury Report on U.S. Business Taxation and Global Competitiveness, Banning Tax Patents, HUD Guidance on LIHTC rent provisions in Project-Based Voucher properties, HUD Appropriations Update, November 27, 2007

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 Nov 2007 13:00:00 -0800

Michael Novogradac, CPA, shares breaking news on a report expected from Treasury that will discuss U.S. business taxation and global competitiveness before addressing topics of the week: legislation to ban tax patents, HUD's final guidance on LIHTC rent provisions for PBV properties and an update of the annual HUD appropriations process.

New CDFI Fund Director, Presidential Candidates' Positions on RETCs, SEC Rules for Audits of Public LIHTC Funds, November 20, 2007

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 Nov 2007 09:30:00 -0800

Michael Novogradac, CPA, welcomes the new CDFI Fund Director, Donna Gambrell, takes a look at the presidential candidates ' stances on renewable energy production and investment tax credits, and updates listeners on the recent exchange of letters with the Securities Exchange Commission and the impact of these letters on the audit and other operating costs of LIHTC partnerships.

LIHTC Relief After Disasters, NMTC and RETC Extension Efforts, November 13, 2007

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 Nov 2007 09:30:00 -0800

Michael Novogradac, CPA, discusses state allocating agencies' authority to provide temporary relief for owners of LIHTC properties in the aftermath of disasters and the status of legislation to extend the new markets tax credit and renewable energy tax credits.

Qualified Contract Proposed Regulations and Hearing, New DDAs for 2008 and a Preview of Upcoming Report on Impact of Revised AMGIs, November 6, 2007

cpas@novoco.com (Novogradac & Company LLP) — Tue, 6 Nov 2007 11:30:00 -0800

Michael Novogradac, CPA, presents the firm's second podcast, in which he discusses the qualified contract proposed regulations and hearing, the new DDAs for 2008 and an upcoming report on the impact of revised AMGIs.

Keynote Address at Novogradac's NMTC Investors Conference, Chicago, October 25, 2007

cpas@novoco.com (Novogradac & Company LLP) — Fri, 26 Oct 2007 11:30:00 -0700

Michael Novogradac, CPA, introduces the firm's first podcast, which features CDFI Fund Director Kimberly Reed speaking about the most recent round of NMTC Allocations.