Novogradac Tax Credit Tuesday Podcast

State of the Union; Priority Guidance Plan; Senate Finance Committee Hearing on Tax Extenders; Tax Treatment of Carried Interest; LIHTC Property Tax Assessment in Indiana; AWEA's Market Report; Advisory Council on Historic Preservation Meeting; Missouri State Tax Credit Debate; NMTC Legislation in Hawaii

cpas@novoco.com (Novogradac & Company LLP) — Tue, 31 Jan 2012 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the State of the Union address; the IRS's Priority Guidance Plan; a Senate Finance Committee hearing on tax extenders; the tax treatment of carried interest; legislation in Indiana to change LIHTC property tax assessment; the American Wind Energy Association's market report; the Advisory Council on Historic Preservation's next meeting; the Missouri state tax credit debate; and legislation to make Hawaii more attractive for new markets tax credit investing.

Volcker Rule Joint Committee Hearing; President's Council on Jobs and Competitiveness Report; State of the Union Preview; Proposed Indiana State NMTC; Bill to increase LIHTC Caps in Areas Affected by Hurricane Irene or Tropical Storm Lee; New York Governor's Proposed Budget for 2012-2013; Affordable Housing California After Redevelopment Agencies; Real Estate Roundtable Amicus Brief in the Historic Boardwalk Hall; Report on Renewable Energy Development at Military Bases in the California Desert

cpas@novoco.com (Novogradac & Company LLP) — Tue, 24 Jan 2012 13:00:00 -0800

Michael J. Novogradac, CPA, reviews the joint committee hearing on the Volcker Rule, discusses President's Council on Jobs and Competitiveness's report, and previews President Obama's State of the Union address. Then, he discusses the proposed Indiana state new markets tax credit, a bill to increase low-income housing tax credit caps in areas affected by Hurricane Irene or Tropical Storm Lee, New York Governor Andrew Cuomo's proposed budget for 2012-2013, and affordable housing California as redevelopment agencies begin winding down operations. Then, he discusses the Real Estate Roundtable's amicus brief in the Historic Boardwalk Hall case. And finally he shares the findings of a report about renewable energy development potential on military bases in the California desert.

Developments of Distinction Awards; Volcker Rule Hearing; Historic Tax Credits in Kansas and Indiana; Positions Open on Colorado Tax Credit Allocation Committee; Sen. Udall Remarks About PTC Extension; Issue Brief On Government Investments in Renewable Energy; and NMTC Numbers of Interest

cpas@novoco.com (Novogradac & Company LLP) — Tue, 17 Jan 2012 13:00:00 -0800

Michael J. Novogradac, CPA, congratulates the winners of the Developments of Distinction Awards. Then he alerts listeners to a hearing on the Volcker Rule. He also discusses historic tax credits in Kansas and Indiana; shares an announcement from Colorado about open positions on the tax credit allocation committee; reviews Sen. Udall's comments about an extension for the production tax credit; summarizes an issue brief about government investments in renewable energy; and reviews numbers of interest to the new markets tax credit community.

Congressional Conference Committee; Rental Policy Working Group's Recommendations; NMTC Comment Deadline Reminder; QEI Issuance Report; Proposed California State NMTC; Solar Industry Groups Merge; Right-of-Way Leases for Energy Development on Public Lands; NREL's New Tool; Kentucky's State Historic Tax Credit

cpas@novoco.com (Novogradac & Company LLP) — Tue, 10 Jan 2012 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the congressional conference committee formed to extend the payroll tax holiday and other provisions; the Rental Policy Working Group's recommendations regarding federal housing policy; the deadline to submit comments about the NMTC; the latest QEI Issuance Report; the proposed California state NMTC; a merger between two solar industry organizations; right-of-way leases for renewable energy development on public lands; a new tool from NREL; and efforts to remove the cap from Kentucky's state historic tax credit.

Congressional Preview; Volcker Rule Comment Window; IRS LIHC Newsletter; Private Activity Bond Volume Caps; IRS's 2012 Tax-Exempt Bond Work Plan; California Redevelopment Agencies; Ohio State Historic Tax Credit Awards; PTC Extension Uncertainty; Oklahoma Task Force for the Study of State Tax Credits and Economic Incentives

cpas@novoco.com (Novogradac & Company LLP) — Tue, 3 Jan 2012 13:00:00 -0800

Michael J. Novogradac, CPA, previews the first month of the second session of the 112th Congress. He also discusses an extended opportunity to comment on the Volcker Rule; the latest IRS LIHC Newsletter; increases in state private activity bond volume caps; the IRS's 2012 tax-exempt bond work plan; redevelopment agencies in California; state historic tax credit awards in Ohio; uncertainty over the production tax credit's extension; the Oklahoma Task Force for the Study of State Tax Credits and Economic Incentives.

Congressional Update; Proposed Changes to DDA Designations; NCSHA Calls for More Rural Housing Funding; Housing Affordability for Seasonal Workers; Historic Boardwalk Hall; Revised programmatic agreement between BLM, ACHP and NCSHPO; NMTC Program's Use on Tribal Land

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 Dec 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses where things stand in Congress; proposed changes to difficult development area designations; NCSHA's call for more rural housing funding; housing affordability for seasonal workers; the Historic Boardwalk Hall case; a revised programmatic agreement between the Bureau of Land Management, the Advisory Council on Historic Preservation and the National Conference of State Historic Preservation Officers; and testimony about the new markets tax credit program's use on tribal land.

Tax Extenders; LIHTC Legislation; NCSHA' Updated Recommended Practices; HUD's Rental Policy Working Group; Support for Extending the NMTC; Historic Boardwalk Hall Case; Baseball Stadiums' Experiences with Historic Preservation; Section 1603 Guidance; Study on the PTC; Senate Finance Subcommittee Hearing on Renewable Energy Tax Incentives; Renewable Energy Policy Change at the DoD

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 Dec 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses tax extenders; legislation to make permanent the 9 percent LIHTC floor; NCSHA' updated LIHTC and Underwriting Recommended Practices; HUD's Rental Policy Working Group; support for extending the New Markets Tax Credit; the Historic Boardwalk Hall case; two baseball stadiums' experiences with historic preservation; Section 1603 guidance; a study on the impact of the production tax credit on the U.S. wind market; a Senate Finance Subcommittee hearing on renewable energy tax incentives; and a policy change at the Department of Defense regarding renewable energy projects.

Tax Extenders; QEI Issuance; CDFI Fund Director Donna Gambrell Remarks; Historic Tax Credit Advocacy Resources; Native American Traditional Cultural Landscapes Action Plan; Letters Urging Extension of Renewable Energy Tax Incentives; Proposed Reform of Federal Surface Leasing on American Indian Lands; Push for Additional LIHTC Authority in N.Y.; Legislation to Fund Project Rebuild

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 Dec 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses tax extenders; QEI issuance; remarks by CDFI Fund Director Donna Gambrell; resources to support the historic tax credit; the Native American Traditional Cultural Landscapes Action Plan; letters urging the extension of renewable energy tax incentives; a proposed rule to reform federal surface leasing on American Indian lands; efforts to secure additional LIHTC authority in New York; and legislation to fund Project Rebuild.

Congressional Update; IRS State Tax Credit Guidance; Oklahoma State Tax Credit Task Force; Final NMTC Targeted Populations Rules; IRS Conservation Easement Audit Technique Guide; Op-Ed in Support of Expanding the HTC; Extension Efforts for Section 1603 and the Production Tax Credit; and 2012 LIHTC Income Limits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 06 Dec 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses Congress's agenda for the remainder of the year; IRS guidance about state tax credits; a task force in Oklahoma charged with evaluating state tax credits programs; final NMTC targeted populations rules; the IRS conservation easement audit technique guide; an op-ed piece in support of expanding the historic tax credit; efforts to extend the Section 1603 cash grant program and the production tax credit; and the 2012 LIHTC income limits.

Super Committee Collapses; Tax Extenders; New Issue Bond Program, Temporary Credit and Liquidity Program Extended; FY 2012 Income Limit Preview; CA Redevelopment Agency Update; Historic Boardwalk Hall Update; Minnesota Historic Rehabilitation Tax Credit Report; Awarding Winning Initiative in VT; OIG Audits CDFI Fund; InvestOhio Tax Credit; Bill to Provide Investment Tax Credit for Microturbines; Tax Treatment of Section 1603 grants in CA.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 29 Nov 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the collapse of the Super Committee and what lies ahead for Congress; the extension of Treasury's New Issue Bond Program and the Temporary Credit and Liquidity Program; the FY 2012 income limits; an update on redevelopment agencies in California; the Historic Boardwalk Hall case; a report on the Minnesota Historic Rehabilitation Tax Credit; an awarding winning initiative in Vermont; an OIG audit of the CDFI Fund; the new InvestOhio Tax Credit; a bill to provide an investment tax credit for microturbines; and the tax treatment of Section 1603 grants in California.

Super Committee; Tax Extenders; New Markets Tax Credit Extension Act; Initiative for a Competitive Inner City's Capital Availability in Inner Cities: What Role for Federal Policy?; Minnesota Historic Rehabilitation Credit Impact Report; Governors' Wind Energy Coalition Letter; STORAGE Act; 2011 National LIHTC Pool; 2012 HUD Appropriations; HUD Notice H 2011-31.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 Nov 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the failure of the Super Committee and building momentum for tax extenders. He shares news about the New Markets Tax Credit Extension Act as well as discusses a report that evaluates new markets tax credits' effect on inner cities. In historic tax credit news, he highlights the job creation benefits being provided by the Minnesota Historic Rehabilitation Tax Credit. In renewable energy news, he describes a letter that the Governors' Wind Energy Coalition sent to Congressional leaders urging the extension of the PTC as well as the provisions of the STORAGE Act, which would provide a tax credit for investment in energy storage property. In low-income housing tax credit news, he discusses the distribution of 2011 national pool tax credits, some major provisions of the 2012 HUD appropriations bill and a notice that clarifies the conditions under which not-for-profit owners can retain the proceeds from the sale of FHA-insured or HUD-held, formerly FHA-insured multifamily properties.

Super Committee Update; Renewable Energy Tax Credit Legislation; Renewable Energy Development on Brownfield and Superfund Sites; Support for Tax Extenders Legislation; New National Park Service Historic Preservation Web Site; National Trust for Historic Preservation Announcement; National Housing Trust Meets with the Federal Reserve Chairman; Appeals Court Case in Oregon Regarding Early Release from LIHTC Restrictions

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 Nov 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the chances for passage of renewable energy tax credit legislation; renewable energy development on Brownfield and Superfund sites; support for tax extenders legislation; the new National Park Service historic preservation web site; a National Trust for Historic Preservation announcement; a meeting between the National Housing Trust and the chairman of the Federal Reserve; and an appeals court case in Oregon regarding early release from LIHTC restrictions.

Systematically Important Banks; Super Committee; Tax Reform; Appropriations; Renewable Energy Tax Credit Legislation; NMTC Program Comment Invitation; New NMTC Compliance FAQs; QEI Issuance; Section 106 Disaster Response Guidance; Support for Rehabilitation of Historic Schools Act; Financial Service Committee HOME Hearing; Proposed HOME Changes

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 Nov 2011 13:00:00 -0800

Michael J. Novogradac, CPA, discusses the list of banks that were designated as systematically important; the Super Committee; tax reform; federal appropriations; renewable energy tax credit legislation; a comment invitation for the new markets tax credit program; new NMTC compliance monitoring guidance; the latest QEI issuance report; guidance addressing Section 106 requirements during disaster response; support for the Rehabilitation of Historic Schools Act; Financial Service Committee HOME hearing; and proposed HOME regulation changes.

Tax Reform; Super Committee; Federal Appropriations; Bipartisan Housing Commission; IRS Appeal in Historic Boardwalk Hall; Advisory Council on Historic Preservation Meeting; Community Wind Act; Energy Private Letter Rulings; Section 1603 Audits; Oklahoma State Tax Credit Task Force; 2012 Difficult Development Areas; IRS Audits Multifamily Housing Bonds; Massachusetts State LIHTCs; NMTC Project Data; CDFI Fund's New Deputy Director

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 Nov 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses Rep. Dave Camp's draft tax reform; the Super Committee's progress; the status of federal appropriations; the launch of the Bipartisan Housing Commission; the brief filed by the IRS in its appeal of the Historic Boardwalk Hall case; the next meeting of the Advisory Council on Historic Preservation; the provisions of the Community Wind Act; key points of two new private letter rulings; the findings of project level audits of Section 1603 cash grants; an update on Oklahoma's state tax credit task force; the 2012 difficult development areas; the IRS's audits of multifamily housing bonds; $20 million in additional state low-income housing tax credits in Massachusetts; new NMTC project data; and the CDFI Fund's new deputy director, Dennis Nolan.

Super Committee Update; New Report on the NMTC; NMTC Extension Legislation; Rep. Brian Higgins Support for HTC; State Tax Credit Debate in Missouri; Bill to Extend the ITC to Offshore Wind; Reports on Domestic Renewable Energy; Inflation-Adjusted LIHTC and Bond caps for 2012; Affordable Housing Sign-On Letter; White House Affordable Housing Event; HUD's Research Plans

cpas@novoco.com (Novogradac & Company LLP) — Tue, 25 Oct 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the Super Committee; a report that compares the New Markets Tax Credit program to a comparable cash grant program; the status of New Markets Tax Credit Extension legislation; words of support for the historic tax credit from Congressman Brian Higgins; the ongoing debate over state tax credits in Missouri; a bill to extend the investment tax credit to offshore wind projects; two reports about the domestic renewable energy industry; the inflation-adjusted low-income housing tax credit and tax-exempt bond caps for 2012; a sign-on letter being circulated by the affordable housing community; a White House affordable housing event; and HUD's research plans.

Super Committee; Historic Tax Credit Legislation; Solar PV on Historic Buildings; Extension of Sect. 1603 Equals 37,000 Jobs; Political Support for Renewable Energy; Tax Reform and LIHTC; Disaster Relief in Pa.; Tax Reform and NMTC Yields; NMTC Investors Conference

cpas@novoco.com (Novogradac & Company LLP) — Tue, 18 Oct 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the Super Committee's progress; legislation to amend historic tax credit rules; a report about implementing solar PV projects on historic buildings; a report that found that a one-year extension of the Section 1603 program would support more than 37,000 jobs in 2012; political support for renewable energy; the possible effects of tax reform on the low-income housing tax credit; disaster relief for LIHTC properties in Pennsylvania; what tax reform could mean for new markets tax credit yields; and this week's New Markets Tax Credit Investors Conference.

Volcker Rule; SIFI Charges Economic Substance Doctrine; Excessive Payments Under Section 1603; Congressional Research Services Report About Tax Incentives for Wind Production; Low-Income Housing Tax Credit Student Rule; New Markets Tax Credit QEI Issuance Report; Missouri and Indiana State Historic Tax Credits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 11 Oct 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses a confidential, leaked draft of the Volcker Rule; an update on the economic substance doctrine; IRS guidance regarding the receipt of excessive payments under Section 1603; a Congressional Research Services report about tax incentives for wind production; legislation to exempt formerly homeless youth who attend school full-time from the low-income housing tax credit's student rule; the latest new markets tax credit QEI Issuance Report; and state historic tax credits in Missouri and Indiana.

Federal Budget Update; Upcoming FASB Guidance; Final 2012 Fair Market Rents; HUD's Plan to Release Income Limits on Dec. 1; LIHC Newsletter #46; NMTC Regulations Testimony; Final Section 1705 Loan Guarantees; Size of U.S. Solar Markets; Development of Distinction Award Nominations; Missouri Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 4 Oct 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of the federal budget; guidance expected from the Federal Accounting Standards Board; HUD's final 2012 fair market rents; HUD's plan to release income limit data on December 1; IRS LIHC Newsletter #46; his testimony to the IRS about proposed changes to the new markets tax credit regulations; some of the last loan guarantees finalized under the Section 1705 program; a report about the size of the U.S. solar markets; nominations for the Development of Distinction awards; and an update on the latest developments in Missouri.

Deficit Reduction Super Committee Hearing on Tax Reform; Status of the Federal Budget; Congressional Hearings; Support for the NMTC Extension Act; Developments Missouri; FY 2012 HUD Funding; California Redevelopment Agency Funding; Joint Hearing on Energy and Tax Policy; Bill to Accelerate Depreciation for Energy-Efficient Roofs; Solar Jobs Report

cpas@novoco.com (Novogradac & Company LLP) — Tue, 27 Sep 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the Deficit Reduction Super Committee's hearing on tax reform; the status of the federal budget; recent and upcoming congressional hearings; support in Congress for the NMTC Extension Act; the latest developments Missouri; HUD funding for fiscal year 2012; redevelopment agency funding in California; a joint hearing on energy policy and tax policy; a Senate bill to accelerate depreciation for energy-efficient roofs; and a report about jobs in the solar industry.

Impact of President's Deficit Reduction Plan on Tax Credits; Super Committee Update; Federal Budget Status; IRS Priority Guidance Plan; Calls to Eliminate Tax Expenditures; Hearing on Economic Models Used to Score Tax Reform Legislation; Healthy Food Financing Initiative; QEI Issuance Report; Midwestern Disaster Tax Credits; LIHTC Relief in Vermont; Joint Hearing on Energy Policy and Tax Policy; Oregon's Business Energy Tax Credit.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 20 Sep 2011 13:00:00 -0700

Michael J. Novogradac, CPA, considers what President Obama's deficit reduction plan may mean for tax credits; shares an update on the Deficit Reduction Super Committee; discusses the status of the federal budget; highlights items of interest in the IRS's Priority Guidance plan; shares remarks about eliminating tax expenditures from a recent Senate Finance Committee hearing; and discusses a Ways and Means hearing about economic models used to score tax reform legislation. Then, he discusses the Healthy Food Financing Initiative and analyzes the latest QEI Issuance report released by the CDFI Fund. Next, he reviews a bill introduced last week to extend Midwestern Disaster Tax Credits. Then, he summarizes an IRS notice giving emergency LIHTC relief to properties in Vermont. Finally, he previews a joint hearing on the intersection of energy policy and tax policy and provides a quick update on a change to Oregon's Business Energy Tax Credit.

American Jobs Act; Tax Patent Bill; Senate Democrats Call for NMTC Expansion; NMTC Coalition Fact Sheet; QEI Issuance Reminder; Oregon's State NMTC; HUD Multifamily Energy Efficiency Pilot Program; Rental Alignment Initiative; S&P Reports on Renewable Energy Industry; Kan. Gov. Brownback Supports PTC; Historic Boardwalk Hall Update; Missouri's State HTC.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 13 Sep 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the proposed American Jobs Act; tax patent legislation; Senate Democrats' call to expand the NMTC; highlights from a New Markets Tax Credit Coalition fact sheet; a QEI issuance deadline reminder; the provisions of Oregon's state NMTC; HUD's Multifamily Energy Efficiency Pilot Program; the White House Domestic Policy Council's rental alignment initiative; reports published by Standard & Poor's about the renewable energy industry; Kansas Governor Sam Brownback's support for the renewable energy production tax credit; the status of the Historic Boardwalk Hall case; and the status of Missouri's state's historic tax credit.

Congress Reconvenes; President Obama to Proposes Job Measures; Super Committee Ramps Up; 3rd Annual Developments of Distinction Awards; HUD LIHTC Tenant Data Collection; States' Preferences for Supportive Housing; North Dakota's Housing Incentive Fund' Section 1603 Safe Harbor Webinar; U.S. Was a Net Exporter of Solar in 2010; Global Energy Investment Market; Historic Preservation Community's Response to Hurricane Irene; Congressman Richard Neal's to Keynote New Markets Tax Credit Investors Conference; Senator Maria Cantwell Supports NMTC Extension; CDFI Fund Advisory Board's Upcoming Meeting; National Coalition for Capital's Recognizes Lawmakers in Maine.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 6 Sep 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses what we can expect as Congress reconvenes, President Obama proposes job-boosting measures and the Super Committee continues to ramp up. He also shares details about the Journal of Tax Credits' 3rd Annual Developments of Distinction Awards. Then, he discusses HUD's collection of data about low-income housing tax credit property residents; new research about states' preferences for supportive housing; and North Dakota's new Housing Incentive Fund. Then, he previews Novogradac & Company's Section 1603 Safe Harbor Webinar, and discusses new research that shows that the U.S. was a net exporter of solar in 2010, as well as new analysis of the global energy investment market. Next, he discusses the historic preservation community's response to Hurricane Irene. Finally, he discusses Congressman Richard Neal's scheduled keynote address at Novogradac & Company's New Markets Tax Credit Investors Conference; new remarks made by Senator Maria Cantwell in support of extending the new markets tax credit; the CDFI Fund Advisory Board's upcoming meeting; and the National Coalition for Capital's recent recognition of two lawmakers in Maine.

President Obama's Jobs Proposal; OMB's Request for Cuts in FY 2013 Budget Requests; Proposed FY 2012 FMR Trends; Revised MAP Guide; Record Demand for FHA-Insured Financing; TCAC's Cost Containment Forums; Governors Wind Energy Coalition Calls for ITC, PTC Extension; Rep. John Dingell Supports PTC; OCC Fact Sheet on the Historic Tax Credit; Michigan 'Replaces' State's Brownfield, HTC Programs; Sen. Maria Cantwell Supports NMTC Extension; NMTC Basics Webinar Preview.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 30 Aug 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses President Obama's upcoming jobs proposal; OMB's memo about decreases in FY 2013 budget requests; trends in proposed FY 2012 FMRs; the revised MAP Guide; record demand for FHA-insured financing; TCAC's cost containment forums; the Governors Wind Energy Coalition's call for a seven-year extension of renewable energy tax credits; Congressman John Dingell's support of the PTC; a new OCC fact sheet about the historic tax credit; programs in Michigan that 'replace' the state's brownfield and historic tax credit programs; Senator Maria Cantwell's support for extending the new markets tax credit; a NMTC Basics Webinar preview.

IRS Industry Issue Resolution Program; Proposed 2012 FMRs; Louisiana GO Zone Tax Credits; Presidential Candidates' Remarks about the Renewable Energy Production Tax Credit; QEI issuance Reminder for 9th Round NMTC Applicants; New National Park Service Map Feature.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 23 Aug 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the IRS's Industry Issue Resolution program; proposed 2012 fair market rents; applications for approximately $1 million in GO Zone tax credits in Louisiana; remarks about the renewable energy production tax credit made by presidential hopefuls during a recent straw poll in Iowa; a QEI issuance reminder for 9th round new markets tax credit applicants; and a new feature on the National Park Service's web site.

Super Committee Members; Tax Reform; Tax Exempt Bond Voluntary Closing Agreement Program; FHFA Comment Invitation; Calif. Redevelopment Agencies; Louisiana Housing Corporation; Health Food Financing Initiative; Maryland Historic Tax Credit; Army Energy Initiatives Office Task Force.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 16 Aug 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the members of the Joint Select Committee on Deficit Reduction; tax reform; the IRS's updated Tax Exempt Bond Voluntary Closing Agreement Program procedures and resources; the FHFA's invitation for public input on new options for selling single-family real estate owned properties; redevelopment agencies in California; the new Louisiana Housing Corporation; the CDFI Fund's Health Food Financing Initiative; Maryland's state historic preservation tax credit; and the Army's Energy Initiatives Office Task Force.

Key Dates for Deficit Reduction Super Committee; 2011 NMTC Applicants; New NMTC Legislation; QEI Issuance Report; Historic Boardwalk Hall Update; Missouri State Tax Credits; IRS Notice 2011-63; LIHTC Stakeholder Meeting; Wind Energy Market Report; EIA Report on Federal Energy Investments.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 9 Aug 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses key dates ahead for the deficit reduction Super Committee. Then he discusses the 2011 NMTC applicants; two bills to expand the use of NMTCs; the latest QEI issuance report; the IRS appeal in Historic Boardwalk Hall; state tax credits in Missouri; IRS guidance in Notice 2011-63; an LIHTC stakeholder meeting; a market report about the wind energy sector; and a federal report on energy investments and subsidies.

Debt Limit Update; Rental Policy Working Group; 2009 LIHTC Utilization data; Cost Analysis of Permanent Supportive Housing; 25th Anniversary of LIHTC; Historic Boardwalk Hall Appeal; Advisory Council on Historic Preservation Meeting; New Markets Tax Credit Extension Act of 2011; Congressional Hearing on Energy Tax Policy; Geothermal Tax Parity Act; Oregon's Renewable Energy Resource Equipment Manufacturing Facility Tax Credit.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 2 Aug 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the debt limit negotiations in Washington, D.C.; the efforts of the Rental Policy Working Group; NCSHA's 2009 LIHTC utilization data, findings of a cost analysis of permanent supportive housing; plans to celebrate the 25th anniversary of the LIHTC; the IRS appeal the Historic Boardwalk Hall case; the next meeting of the Advisory Council on Historic Preservation; provisions of the bipartisan New Markets Tax Credit Extension Act of 2011; an upcoming congressional hearing on energy tax policy; the Geothermal Tax Parity Act of 2011; and the provisions of Oregon's Renewable Energy Resource Equipment Manufacturing Facility Tax Credit.

Deficit Reduction Update; Affordable Housing Tax Credit Coalition Rebuts Sen. Coburn's Proposal to Eliminate the LIHTC; IRS's LIHC Newsletter #45; New Markets Tax Credit Mapping Tool Updated; Nomination Window Extended for Community Development Awards; Historic Homeownership Revitalization Act; Missouri Historic Tax Credit; Bill to Provide Offshore Wind Tax Credit; Report on Clean Economy of 100 Largest Metropolitan Areas

cpas@novoco.com (Novogradac & Company LLP) — Tue, 26 Jul 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of deficit reduction talks; the Affordable Housing Tax Credit Coalition's rebuttal of Sen. Coburn's proposal to eliminate the LIHTC; the IRS's latest LIHC Newsletter; an update to the Novogradac New Markets Tax Credit Mapping Tool; the extended nomination window for the 4th Annual Community Development Awards; the Historic Homeownership Revitalization Act; the Missouri historic tax credit; legislation to provide tax credits for investment in offshore wind energy; a report about the clean economy of the nation's 100 largest metropolitan areas.

Deficit Reduction Update; Tax Expenditure Legislation; IRS Report on Tax-Exempt Bond Compliance; Relief for LIHTC properties in North Dakota; TCAC Memo On Cost Containment; PACE Legislation; Renewable Energy Tax Equity Finance Estimates; Congressional Biomass Caucus; NMTC Allocation Application Deadline Reminder; Oklahoma State Tax Credit Task Force

cpas@novoco.com (Novogradac & Company LLP) — Tue, 19 Jul 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of deficit reduction talks; a bill to eliminate several tax expenditures; an IRS report about post-issuance tax-exempt bond compliance; relief for LIHTC properties in North Dakota; a TCAC memo regarding cost containment; legislation that would reinstated the stalled PACE program; renewable energy tax equity finance estimates; the formation of the first Congressional Biomass Caucus; deadline reminder for NMTC allocation applicants; and a task force reviewing Oklahoma's state tax credits.

Deficit Reduction Update; IRS LIHTC Comment Invitations; Hawaii's State LIHTC Exchange Program; California's Second LIHTC Round; Elimination of RDAs in California; OIG Section 1603 Project Audits; OCC Newsletter About National Banks Investing in Solar Energy; "U.S. Solar Market Trends 2010"; Creating American Prosperity through Preservation Act of 2011; NMTC Extension Letter; QEI Issuance Update

cpas@novoco.com (Novogradac & Company LLP) — Tue, 12 Jul 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of deficit reduction talks; IRS comment invitations related to the LIHTC; the enactment of Hawaii's state level LIHTC cash grant exchange program; California's second LIHTC application round; the elimination of redevelopment agencies in California; the OIG Section 1603 project audits; an OCC newsletter about national banks seeking to invest in solar energy projects; the findings of "U.S. Solar Market Trends 2010"; the Creating American Prosperity through Preservation Act of 2011; a sign on letter in support of an NMTC extension; and the most recent QEI Issuance Report.

Update of Deficit Reduction Talks; Secretary Geithner's future plans; HUD's revised 2011 Income Limits; Section 1603 Guidance on Solar Project Costs; Treasury's Office of the Inspector General's Section 1603 Audits; Renewable Energy Parity Act; Oregon Business Energy Tax Credit; 2012 REAP Funding; IRS's Proposed NMTC changes and comment period; Oregon's NMTC program; Ohio's HTC; Maine HTC.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 5 Jul 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of tax reform and deficit reduction talks in Washington, D.C. and Timothy Geithner's rumored exit from Treasury. Then, he reviews the changes to HUD's 2011 income limits. Next, he reviews Treasury guidance on Section 1603 solar projects, summarizes the Renewable Energy Parity Act, discusses Oregon's elimination of the Business Energy Tax Credit and updates listeners on the Rural Energy for America Program. He reminds listeners about the opportunity to comment on proposed NMTC regulations. Finally, he shares positive state historic tax credit news from Ohio and Maine.

Deficit Reduction Update; Housing Advisory Group Call to Action; FHFA Report on Fannie Mae, Freddie Mac; TDHCA's Future; NMTC Application News; Proposed NMTC Extension; Solar Trends Report; Appeals Court Ruling on Facade Easement Deduction

cpas@novoco.com (Novogradac & Company LLP) — Tue, 28 Jun 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of deficit reduction talks; a call to action from the Housing Advisory Group; a report from the Federal Housing Finance Agency about Fannie Mae and Freddie Mac; the future of the Texas Department of Housing & Community Affairs; the 9th round of NMTC applications; proposed extension of the New Markets Tax Credit; findings of a report about solar trends; and an Appeals Court ruling involving a facade easement deduction.

Deficit Reduction Talks; LIHTCs and Disaster Relief; Resources for NMTC Applicants; Production Tax Credit's Effect on Non-Renewable Energy Sources; Historic Tax Credit Modernization Legislation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 21 Jun 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses deficit reduction talks; announcements related to LIHTCs used to provide disaster relief; new resources for NMTC applicants; the production tax credit's effect on non-renewable energy sources; and the status of historic tax credit modernization legislation.

Tax Reform and Deficit Reduction Talks; Spring New Markets Tax Credit Conference Highlights; Findings of LIHTC Track Record Study; Disaster Relief in Mississippi; IRS Appeal in Historic Boardwalk Hall; IRS Guidance About Section 1603 "Qualified Property;"; States Ranked by Clean Energy Market Indicators

cpas@novoco.com (Novogradac & Company LLP) — Tue, 14 Jun 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses tax reform and deficit reduction talks in Washington, D.C.; highlights from the Spring New Markets Tax Credit Conference; key findings of a Novogradac & Company study that assesses the track record of the low-income housing tax credit program; disaster relief provisions for victims of the recent flooding in Mississippi; an update on the IRS's appeal in the Historic Boardwalk Hall case; IRS guidance about the definition of "qualified property" under the Section 1603 cash grant program; and an assessment that ranks states by clean energy market indicators.

Tax Reform; 9th Round NMTC NOAA; Proposed NMTC Regulations for Non-Real Estate Investments; 2011 Income Limits; Military Families Affordable Homes Act; Green Refinance Program; Track Record of the LIHTC Studied; Historic Tax Credit Economic Impact Study; Renewable Energy Industry Testimony

cpas@novoco.com (Novogradac & Company LLP) — Tue, 7 Jun 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses tax reform proposals in in Washington, D.C.; the 9th new markets tax credit notice of allocation availability; NMTC regulations proposed to facilitate more non-real estate investments in distressed areas; the 2011 income limits; legislation to allow service members to exclude basic allowance for housing from income when applying LIHTC housing; FHA's new Green Refinance Program; a preview of a study scheduled for release on June 8 that assesses the track record of the LIHTC; findings of the second annual study on the economic impact of the federal historic tax credit; and highlights of testimony presented in Congress by renewable energy industry representatives.

Recent Testimony About the NMTC; Changes to Historic Preservation Certification Procedures; Second Annual Study on the Economic Impact of Federal Historic Tax Credits; LIHTC Newsletter #44; HOPE VI Grantees; PLR About When the Costs of Structural Components are Eligible for Energy Tax Credits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 31 May 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses testimony about the NMTC by CDFI Fund Director Gambrell; changes made to procedures for obtaining historic preservation certifications; findings of the second annual study on the economic impact of federal historic tax credits; contents of LIHTC Newsletter #44; the latest round of HOPE VI grantees; a private letter ruling that addresses when the costs of structural components are eligible for energy tax credits.

Tax Reform; Deficit Reduction Talks; Report on State Tax Expenditures; Housing Shortages at Military Installations; Bill to Abolish the National Housing Trust Fund; NMTC QEI Report; Keynote Speakers for the Spring NMTC Conference; IRS Correspondence About Easements; Iowa's Historic Preservation Tax Credit; Extension of Louisiana's Historic Tax Credit; AWEA's Wind Power Conference; Expansion of Georgia's State Solar Energy Tax Credit

cpas@novoco.com (Novogradac & Company LLP) — Tue, 24 May 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses an update on tax reform and deficit reduction talks; findings of a report about state tax expenditures; a report about the LIHTC and housing shortages at military installations; a bill to abolish the National Housing Trust Fund; the latest NMTC Qualified Equity Investment report; keynote speakers for the Spring New Markets Tax Credit Conference; correspondence from the IRS about charitable deductions of easements; changes to Iowa's historic preservation tax credit; a bill to extend Louisiana's historic tax credit; news from AWEA's wind power conference; and an expansion of Georgia's state solar energy tax credit.

IRS Remarks on Economic Substance; Muni Bond Market Whistleblowers; Budget and Deficit Update; NMTC Extension Legislation; DOE Wrap Up of Section 1705; Historic Preservation Fund Funding; Mich. and La. State HTC Updates; Timing of 2011 Income Limits; Housing Finance Reform Bill; Changes to Fla. State Housing Agency

cpas@novoco.com (Novogradac & Company LLP) — Tue, 17 May 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses IRS comments about the economic substance doctrine; whistleblower activity in the municipal bond market; and budget and deficit talks taking place in Washington, D.C. Then, he discusses new markets tax credit extension legislation; the DOE's plans to wrap up the Section 1705 loan guarantee program. Moving to historic matters, he talks about efforts to secure funding for the Historic Preservation Fund and historic tax credit program news in Michigan and Louisiana. Finally, he discusses the expected timing of the 2011 income limits, new housing finance reform legislation, and changes to the Florida state housing agency.

Budget and Deficit Talks; Congressional Hearings; Out of Reach 2011; HUD Multifamily Closing Documents; LIHTC Development and Schools; Fannie Mae White Papers; Sect. 1603 Statistics; Proposed BLM Changes; New NPS Technical Preservation Services Chief; Historic Sustainability Guidance; NMTC Extension Bill; NMTC Program Recognition; Food Desert Mapping Tool

cpas@novoco.com (Novogradac & Company LLP) — Tue, 10 May 2011 13:00:00 -0700

Michael J. Novogradac, CPA, updates listeners on ongoing budget and deficit talks, and recent congressional hearings. Then he discusses NLIHC's annual Out of Reach report; HUD's new multifamily rental project closing documents; the impact of LIHTC financed developments on schools; two white papers released by Fannie Mae; new statistics on Section 1603 renewable energy cash grants; changes proposed by the Bureau of Land Management; the new chief of the National Parks Service Technical Preservation Services office; guidance about making historic buildings more sustainable; NMTC extension legislation; the NMTC being named one of the top 25 most innovative government programs; and an online tool for locating "food deserts."

What Lies Ahead for Congress; OCC Energy Investment Tax Credit Fact Sheet; NREL Research; JCHS Rental Housing Report; Need for Affordable Housing in Vermont; Proposed State LIHTC in Minnesota; Bill to Extend State Historic Tax Credit in Louisiana; Preview of Spring New Markets Tax Credit Conference

cpas@novoco.com (Novogradac & Company LLP) — Tue, 3 May 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses what lies ahead for Congress; a new OCC fact sheet about the renewable energy investment tax credit; new NREL research; the Joint Center for Housing Studies' latest rental housing report; the need for affordable rental housing in Vermont; a proposed state LIHTC in Minnesota; legislation to extend the state historic tax credit in Louisiana; and a preview of Novogradac & Company's Spring New Markets Tax Credit Conference.

Article Criticizes Section 1603 Program; Ore. Updates Business Energy Tax Credit (BETC) Rules; AHTCC Presents Annual Awards; HUD Invites Participation in Small Area FMR Project; Va. Historic Tax Credit Fund Webinar Still Available; Update on Md. Historic Tax Credit; Novogradac & Company Releases New NMTC Mapping Tool; What to Expect in Congress Next Week

cpas@novoco.com (Novogradac & Company LLP) — Tue, 26 April 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses an article from the Washington Examiner that is critical of the Section 1603 renewable energy cash grant program and shares a state level update about the Oregon Business Energy Tax Credit (BETC). The, he congratulates the winners of the Affordable Housing Tax Credit Coalition's annual awards program; shares new details about HUD's Small Area Fair Market Rent (FMR) demonstration project; reminds that the Virginia Historic Tax Credit Fund webinar it's available for download; shares a state level update on the historic tax credit in Maryland; describes some of the features of Novogradac & Company's new NMTC Qualifying Census Tracts Mapping Tool; and closes with thoughts about what to expect when Congress returns to session next week.

Congress Finalizes FY 2011 Funding; Lawmakers Face Debt Limit Vote; IRS Invites Requests for Guidance; Treasury Updates 1603 Guidance; Administration Supports GO Zone Placed-In-Service Extension; Editorial Defends Historic Tax Credits; CDFI Fund Updates QEI Report

cpas@novoco.com (Novogradac & Company LLP) — Tue, 19 April 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses final fiscal year 2011 funding, as well as the upcoming congressional vote on raising the debt limit. He also shares an IRS invitation to submit suggestions for guidance projects. Then, he summarizes new guidance from Treasury about the Section 1603 program; talks about a letter in which the administration expresses its support for extending the placed in service deadline for GO Zone LIHTC properties; shares highlights from an editorial in defense of historic tax credits by National Trust for Historic Preservation President Stephanie Meeks; and examines the latest NMTC qualified equity investment report.

FY 2011 Budget Update; House Republicans' Proposed FY 2012 Budget; Tax Reform; Virginia Historic Tax Credit Fund Webinar; State HTC Updates in Michigan, Montana; Renewable Energy Markets Reports; Administration Remarks About NMTC; New Rental Housing Research From Harvard's JCHS.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 12 April 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the federal budget for FY 2011; House Republicans' proposed FY 2012 budget; and tax reform developments. Then, he previews Novogradac & Company's Virginia Historic Tax Credit Fund case webinar and talks about state HTC updates in Michigan and Montana. He discusses two renewable energy markets reports and reviews Obama Administration representatives' remarks about the NMTC. Finally, he shares an announcement about rental housing research expected from Harvard's Joint Center for Housing Studies.

Federal Budget Negotiations; Bonus Depreciation Guidance; Tax Patent Legislation; Virginia Historic Tax Credit Fund Case Reversal; IRS Appeal in Historic Boardwalk Hall; National Park Service's Annual HTC Report; Ways and Means Human Resources Subcommittee Hearing; City of Indianapolis Invites NMTC Applications; Updated 8823 Guide; Housing Finance Reform; Renewable Energy Tax Credit Study

cpas@novoco.com (Novogradac & Company LLP) — Tue, 5 April 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses federal budget negotiations; bonus depreciation guidance; tax patent legislation; reversal in the Virginia Historic Tax Credit Fund Tax Court ruling; IRS appeal in Historic Boardwalk Hall; National Park Service's annual historic tax credit report; Ways and Means Human Resources Subcommittee hearing of interest to the NMTC community; City of Indianapolis invitation for NMTC applications; updated 8823 Guide release announcement; housing finance reform debate; and finally, a study about renewable energy tax credits.

Federal Budget Update; Efforts to Reinstate NY Historic Tax Credit; Blog About Unfair Critique of the NMTC; Senate Banking Hearing on Housing Finance Reform; Section 1602 Compliance Requirement in Calif.; Financing Renewable Energy Conference Preview

cpas@novoco.com (Novogradac & Company LLP) — Tue, 29 March 2011 13:00:00 -0700

Michael J. Novogradac, CPA, updates listeners on the ongoing federal budget negotiations; discusses efforts in New York to reinstate the Historic Rehabilitation Tax Credit Program; previews his most recent blog posting that responds to unfair commentary about the NMTC program; discusses Senate Banking Hearing about housing finance reform; reviews a compliance requirement for Recovery Act housing properties in California; and announces details of Novogradac & Company's upcoming Financing Renewable Energy Conference.

Fiscal Year 2012 Budget; HUD's "The American Recovery and Reinvestment Act: Working for America's Cities"; New Markets Tax Credit Coalition's Congressional Briefing; Novogradac & Company's NMTC Mapping Tool; National Park Service and Historic Tax Credit Properties; FRB Dallas's "Does Low-Income Housing Tax Credit Hurt Nearby Schools?"; HUD's Affordable Rental Housing Partnerships Page; S. 591; H.R. 1023; H.B. 265.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 March 2011 13:00:00 -0700

Michael J. Novogradac, CPA, updates listeners on the federal budget, examines a HUD report on Recovery Act programs in cities, shares highlights from a Congressional briefing organized by the New Markets Tax Credit Coalition, introduces the Novogradac & Company NMTC mapping tool, addresses policy concerns about historic properties' development standards, examines a Federal Reserve Bank of Dallas report on the effect of low-income housing tax credit development on schools, alerts listeners to HUD's new affordable rental housing partnerships page, and reviews renewable energy bills S. 591 and H.R. 1023 and Idaho's H.B. 265.

Tax Patent Bill; Building American Jobs Act; GAO Suggests Converting NMTC to Grants; NPS Posts HTC Certification Review Appeals Online; Bill to Capitalize National Housing Trust Fund; HUD FMR Comment Request; Legislation to Repeal Hawaii LIHTC, RETC; ACORE and SEIA Renewable Energy Industry Updates.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 March 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses tax patent legislation and the Building American Jobs Act. Then he discusses the GAO suggestion to convert the NMTC to a grant; news that the National Park Service has begun posting HTC certification review appeals online; legislation to capitalize the National Housing Trust Fund; a HUD comment request regarding methodology for calculating fair market rents; legislation that would repeal date state tax credits in Hawaii; and two renewable energy industry updates.

Federal Funding Update; QEI Report; New Project Profile Tool for NMTC Allocatees; March Journal of Tax Credits and National Historic Tax Credit Conference Preview; IRS's 2011 Population Estimates for LIHTC and Bond Caps; Section 1603 Grant Funding Update.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 March 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of federal funding negotiations in Congress; the latest QEI report; a new Project Profile tool that NMTC allocatees can use to share success stories; a preview of the March Journal of Tax Credits and the National Historic Tax Credit Conference; the IRS's 2011 population estimates for LIHTC and bond caps; and new information about Section 1603 grant funding.

Federal Funding Update; Round 8 NMTC Allocations; State Historic Tax Credits in Mich., N.J. and Miss.; Tax Reform and the LIHTC; State Taxation of Section 1603 Grants in N.J.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 March 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the status of federal funding negotiations in Congress; the eighth round of NMTC allocations; state historic tax credit developments in Michigan, New Jersey and Minnesota; a recent article about tax reform that mentions eliminating the LIHTC; and guidance that exempts Section 1603 grants from taxable income in New Jersey.

Federal Budget Status; NPS 2010 Annual Report; Renewable Energy Legislation; NMTC Working Group Update; Florida Report on LIHTCs and Job Creation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 22 February 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses funding for the federal government; the Superbowl Commercial contest winner; the National Park Service's 2010 annual historic tax credit report; federal and state renewable energy legislation; the Novogradac New Markets Tax Credit Working Group recommended practices; report in Florida about job creation generated by LIHTC developments.

FY 2012 Budget Proposal; GSE Reform Proposal; IRS Guidance on Taxability of TCAP Grants; National Offshore Wind Strategy; NMTC Development Benefit Low-Income Communities in Chicago; Maryland's Sustainable Communities Tax Credit

cpas@novoco.com (Novogradac & Company LLP) — Tue, 15 February 2011 13:00:00 -0700

Michael J. Novogradac, CPA, shares his initial impressions of the Obama Administration's proposed fiscal year 2012 budget. Then he discusses the Administration's proposal to reform the nation's housing finance system; recent IRS guidance on the taxability of TCAP grants; the National Offshore Wind Strategy; two community development projects in Chicago that demonstrate the direct benefits the NMTC provides to low-income communities; and Maryland's most recent round of Sustainable Communities Tax Credits.

Tax Patent Legislation; 2010 NMTC Allocation Update; Tax Credit Guidance from HRSA; NMTC Coalition's New President; NMTC Media Attention; Sen. Bingaman's Energy Policy Priorities; AWEA 2010 Wind Facility Report; Ore. Business Energy Tax Credits; Sen. Paul Attacks the LIHTC; Calif. Bond Freezes; Report on SRO Housing Near Transit in Hawaii; Better Building Initiative; Historic Boardwalk Hall Case Update.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 8 February 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses tax patent legislation; anticipates the 2010 New Markets Tax Credit program allocations; informs listeners of recently released NMTC and HTC guidance from the Health Resources and Services Administration; informs listeners about the NMTC Coalition's selection of Annie Donovan as president; mentions NMTC media attention; outlines Sen. Jeff Bingaman's energy policy priorities; summarizes an American Wind Energy Association report on 2010 wind facility construction; informs listeners about the availability of Oregon's business energy tax credits; refutes Sen. Rand Paul's claims about the low-income housing tax credit program; updates listeners about California's Prop. 1C and Prop. 46 bond freezes; summarizes a Hawaii Housing and Finance Development Corporation report on single-room occupancy units near transit; summarizes President Obama's Better Building Initiative; and updates listeners on the Historic Boardwalk Hall LLC historic tax credit case.

State of the Union Review; NMTC Conference Highlights; Renewable Energy Tax Credit Legislation; Federal Court Decision Regarding Sect. 1603 Program; Proposed Extension for GO Zone LIHTC Properties; SEC Rule and Municipal Bond Issuers; Tax Credit Prices in Calif.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 1 February 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses President Obama's State of the Union address; shares highlights from the New Markets Tax Credit Conference; updates listeners on two bills introduced in Congress related to renewable energy tax credits, and a Federal Claims Court decision regarding the Section 1603 renewable energy cash grant exchange program; discusses legislation to extend an important deadline for GO Zone LIHTC properties and a new SEC rule that will affect issuers of municipal bonds and tax credit pricing news in California.

Tax Patent Legislation; IRS's Tax Exempt Bond Work Plan; State Affordable Housing News; Tribal Energy Program; Oregon, Nebraska Renewable Energy Legislation; Certified CDEs; CDFI Fund's Annual Performance Report; Oregon State NMTC Bill; National Trust for Historic Preservation's Annual Awards.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 25 January 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses tax patent legislation; the IRS's Tax Exempt Bond work plan; state level affordable housing issues; a new Tribal Energy Program; renewable energy legislation introduced in Oregon and Nebraska; the latest tally of certified CDEs; the CDFI Fund's annual performance report; a bill to create an Oregon state NMTC; and the National Trust for Historic Preservation's annual awards.

Plans for Comprehensive Tax Reform; FHFA Rules for GSEs; Multifamily Housing Market Analysis; ITC Proposed for Waste-to-Energy Projects; Taxability of Section 1603 Grants in Calif.; New Jersey Moves Closer to State HTC; NMTC Working Group Update.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 18 January 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses Rep. Dave Camp's plans for tax reform; reviews FHFA rules regarding Fannie Mae, Freddie Mac and the Federal Home Loan Banks; talks about NAHB multifamily housing market analysis; summarizes legislation to provide an investment tax credit for waste-to-energy facilities; updates listeners in California regarding the taxability of Section 1603 grant funds; turns to New Jersey, where lawmakers last week moved one step closer to enacting a state historic tax credit; and finally, previews some planned activities of the Novogradac NMTC Working Group.

Chances for Future Tax Extenders; Tax Court Decision in Historic Boardwalk Hall LLC v. Commissioner; IRS Guidance On "Significant Changes" for Section 48C projects; Novogradac LIHTC Working Group Comments on National Housing Trust Fund Proposed Regulations; Update on New Markets Tax Credit Allocations.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 11 January 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses the chances for future tax extenders in light of impending debate in Congress over fiscal policy; last week's positive decision from the U.S. Tax Court in Historic Boardwalk Hall LLC v. Commissioner; IRS guidance regarding what constitutes a "significant changes" for Section 48C projects; comments submitted to HUD by the Novogradac LIHTC Working Group regarding proposed regulations for the National Housing Trust Fund; and a quick update on the timing for the next round of new markets tax credit allocations.

112th Congress Convenes; HUD Ranks States' Use of TCAP Funds; Timing of Next NMTC Rounds; IRS Guidance on Section 179D Deduction; Colorado's Conservation Easement Tax Credit.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 4 January 2011 13:00:00 -0700

Michael J. Novogradac, CPA, discusses what to expect when Congress convenes this week; how states scored in a ranking of their use of Tax Credit Assistance Program funds; the possible timing of the next round of new markets tax credit allocations and applications; guidance regarding the deduction for renewable energy under Section 179D; and guidance regarding Colorado's Conservation Easement Tax Credit.

2010 Year in Review for Low-Income Housing Tax Credits, New Markets Tax Credits, Renewable Energy Tax Credits and Historic Tax Credits; What Lies Ahead in 2011.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 28 December 2010 13:00:00 -0700

Michael J. Novogradac, CPA, takes a look at the year in review for the low-income housing tax credit, new markets tax credit, renewable energy tax credits and historic tax credits. He also discusses what lies ahead for these tax credits in 2011.

Tax Extenders Bill; New Markets Tax Credit Coalition 10th Anniversary Report; Urban Institute's Report on the New Markets Tax Credit Program; California Debt Limit Allocation Committee memo regarding IRS Notice 2010-81; Additions to Historic Buildings; Draft Solar Programmatic Environmental Impact Statement; Pew Charitable Trust's Global Clean Power: A $2.3 Trillion Opportunity.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 21 December 2010 13:00:00 -0700

Michael J. Novogradac, CPA, summarizes the recently passed tax extenders bill. He discusses two reports on the New Markets Tax Credit program and a recent California Debt Limit Allocation Committee memo that addresses the effect that IRS Notice 2010-81 could have on bond allocations. He then highlights an article about additions to historic buildings that appears in the December issue of the Novogradac Journal of Tax Credits. Finally, he explores two renewable energy-related reports: one that addresses utility-scale solar projects on public land and another that examines the effect that three renewable energy policies could have on the economy.

Tax Extenders; IRS Priority Guidance Plan; PLR 201048019; TCAP Reallocation Details; CDFI Fund Plans for Implementing 2010 Census Data; Reports About States' Energy Policy and Production Potential

cpas@novoco.com (Novogradac & Company LLP) — Tue, 14 December 2010 3:00:00 -0800

Michael J. Novogradac, CPA, brings listeners up to speed on the status of tax extenders legislation; reviews the IRS's priority guidance plan; talks about a private letter ruling regarding an extension of time to apply for certification of historic status; shares more information regarding $16 million in TCAP reallocation funds; shares some insights about the CDFI Fund's plans for implementing new Census data; and reviews the findings of two studies that rank states' energy policies and potential to produce energy.

Tax Extenders; Support for Sect. 1603 Extension; DOI Smart from the Start Initiative; TCAP Reallocation Funds; IRS Notice 2010-81; QEI Issuance Report; Capital Magnet Fund

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

Michael J. Novogradac, CPA, discusses the status of tax extenders; bipartisan support for an extension of the Section 1603 renewable energy cash grant program; and a regulation change to facilitate development of new energy projects on the Atlantic Outer Continental Shelf. Then, he shares an announcement from HUD regarding $16 million available for TCAP Reallocation. He also discusses IRS guidance that has raised doubts about the use of the draw down structure for affordable housing financing. Finally, he reviews the latest QEI issuance report and news about the Capital Magnet Fund.

Congressional Update; FHA Pilot Program for LIHTC Transactions; Montana's QAP; Housing Needs Assessment in Louisiana; Transit-Oriented Development and CDFIs; States' Energy Generation and Efficiency Standards; Proposed New Jersey Historic Tax Credit.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 30 November 2010 3:00:00 -0800

Michael J. Novogradac, CPA, discusses an FHA pilot program to speed up processing of LIHTC transactions; Montana's qualified allocation plan; and Louisiana Housing Finance Agency's state housing needs assessment. Then he reviews a report from the Federal Reserve Bank of San Francisco about transit-oriented development; examines a report about states' energy generation and efficiency standards; and discusses legislation that could create an historic rehabilitation tax credit in New Jersey.

Congressional Update; Tax Extenders; Tax Expenditures; Basel III; President's Fiscal Commission Draft Report; Build America Bonds; Joint Center for Housing Studies' "Long-Term Low Income Housing Tax Credit Policy Questions;" Center for American Progress' "Cutting the Cost of Clean Energy;" IRS PLR 201045013; FHLB's NMTC working paper; Missouri Tax Credit Review Commission; Advisory Council on Historic Preservation.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 23 November 2010 3:00:00 -0800

Michael J. Novogradac, CPA, provides an update of the Congressional calendar, the status of the tax extenders and tax extenders, and the Basel III rules; discusses the President's Fiscal Commission's draft report of proposed recommendations and Sen. Grassley's questions about the Build America Bonds program; examines a Harvard's Joint Center for Housing Studies report on low-income housing tax credits, a Center for American Progress report on clean energy, IRS private letter ruling 201045013 and a working paper released by the Federal Home Loan Bank of San Francisco that examines that NMTC program's performance during the recession. He also discusses the Missouri Tax Credit Review Commission's recent recommendations and the Advisory Council on Historic Preservation's upcoming meeting.

National Commission on Fiscal Responsibility and Reform's Draft Report; Congressional Update; Support for Section 1602 Extension; New Tools to Educate Lawmakers on Benefits of LIHTC; Market Rate Housing Tax Credit in Mass.; White House Memo Re: Section 1705 and Section 1603 ; Calif. Prop. 26 and Section 1603 Grants; Missouri Tax Credit Review Commission Update; QEI Issuance Report

cpas@novoco.com (Novogradac & Company LLP) — Tue, 16 November 2010 3:00:00 -0800

Michael J. Novogradac, CPA, examines the National Commission on Fiscal Responsibility and Reform's draft report and shares a congressional update. Next, he support efforts for the extension of Section 1602; shares new tools to educate lawmakers on the benefits of the LIHTC; and summarizes Massachusetts new market rate housing tax credit. Then, he discusses a White House memo that contemplates the futures of the Section 1705 and the Section 1603 programs. He also discusses a California ballot proposition that may have rendered Section 1603 grants taxable. Next, he shares the latest news about Missouri's Tax Credit Review Commission. And finally, he summarizes the most recent QEI issuance report.

Mid-Term Election Results; Section 1603 Program News; LIHTC Working Group Comment Letter on Volcker Rule; Missouri Tax Credit Review Commission Update; CDFI Fund’s Healthy Food Financing Initiative

cpas@novoco.com (Novogradac & Company LLP) — Tue, 9 November 2010 13:00:00 -0700

Michael J. Novogradac, CPA, reviews the results of the mid-term elections. Then, he discusses important news for the renewable energy community, including new documents posted by the Treasury Department regarding the Section 1603 cash grant program. Then he shares a comment letter submitted by the LIHTC Working Group to the Treasury Department about the Volcker Rule. Next he examines a report issued recently by a subcommittee of Missouri’s Tax Credit Review Commission. And finally he discusses an update about the CDFI Fund’s Health Food Financing Initiative.

Mid-Term Elections; Tax Extenders; 2011 LIHTC and Bond Caps; 2010 National Pool; Proposed Housing Trust Fund Rules; New York NOFA; NMTC Conference Highlights; Historic Program Task Force; Section 48C Extension Proposal; Geothermal Energy Jobs Report

cpas@novoco.com (Novogradac & Company LLP) — Tue, 2 November 2010 3:00:00 -0800

Michael J. Novogradac, CPA, discusses today's mid-term elections and tax extenders legislation. Then, he reviews the 2011 LIHTC and private activity bond caps; news about the 2010 national pool; HUD's proposed rules for the national Housing Trust Fund; and a NOFA released by the state of New York. Then, he shares highlights from Rosa Martinez's keynote address the NMTC conference in Chicago. Next, he discusses a task force that is examining historic preservation programs. Finally he discusses a call to extend Section 48C, and a report about geothermal energy.

Tax Extenders; Fiscal Reform Commission; Audits for Section 1602 Grants; GAO Report on HUD Recovery Act Reporting; Ohio State NMTC; CDFI Fund Announcements; Preview of November Journal of Tax Credits; Massachusetts Lead by Example Program; AWEA Refutes Criticism of Section 1603

cpas@novoco.com (Novogradac & Company LLP) — Tue, 26 October 2010 3:00:00 -0800

Michael J. Novogradac, CPA, shares updates on tax extenders and the president’s fiscal reform commission, discusses an announcement for Recovery Act’s Section 1602 grant recipients, and reviews the findings of a GAO report on the reporting requirements of three HUD programs, including the Tax Credit Assistance Program. Next, he talks about Ohio’s first round of state NMTC awards and two announcements from the CDFI Fund. Then he previews historic tax credit articles from November’s Journal of Tax Credits. Finally, he discusses the Massachusetts Lead by Example program and talks about a video released by the American Wind Energy Association that refutes criticisms about the Section 1603 cash grant in lieu of renewable energy tax credit program.

Next Generation Housing Policy: Convening on Rental Housing; Capital Magnet Fund; CDFI Fund Director opening; proposed historic certification procedures; Section 1603 safe harbor compliance; SEIA solar industry report; Secretary of the Interior Ken Salazar's speech at the Solar Power International 2010 Conference and Exhibition.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 19 October 2010 3:00:00 -0800

Michael J. Novogradac, CPA, discusses a recent White House conference focused on rental housing policy, the inaugural round of Capital Magnet Fund awards, a position opening at the Community Development Financial Institutions Fund, the National Park Services' proposed changes to historic certification procedures, Section 1603 safe harbor compliance testing, a report from the Solar Energy Industries Association showing significant growth in the solar industry and a speech that Secretary of the Interior Ken Salazar gave at the Solar Power International 2010 Conference and Exhibition.

100 Recovery Act Projects That Are Changing America; HUD 2011 Fair Market Rents; Global Green USA's 6th annual QAP Green Building Rating Summary; Chevron USA Inc. v. Timm et al; QEI Report; CDFI Fund position; Novogradac Community Development Foundation's 3rd Annual Community Development Awards; Department of Energy's National Renewable Energy Laboratory offshore wind power report; Novogradac & Company's Financing Renewable Energy Conference preview.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 12 October 2010 3:00:00 -0800

Michael J. Novogradac, CPA, discusses a White House report that lists 100 projects funded by the Recovery Act, the significance of HUD's 2011 fair market rents, and a report that ranks green building elements in low-income housing tax credit qualified allocation plans. He also recaps a court ruling concerning a historic tax credit property that defaulted during its recapture period. He reviews the latest QEI issuance report and mentions a job opportunity at the CDFI Fund. Finally, he summarize a new report from the Department of Energy concerning offshore wind development and a preview of Novogradac & Company's upcoming Financing Renewable Energy Conference being held in Washington, D.C. the week after the mid-term elections.

Congressional Update; JCT Comments on Economic Substance; 2011 FMRs; LIHC Newsletter #41; Changes to NCSHA Recommended Practices; LIHTC Readiness Scoring in Calif.; OCC Newsletter; Windows in Historic Projects; Energy Legislation; Investment in Energy Tax Credits; Tax Credit Tidbits

cpas@novoco.com (Novogradac & Company LLP) — Tue, 5 October 2010 3:00:00 -0800

Michael J. Novogradac, CPA, shares an update on Congress and comments from the Joint Committee on Taxation about the economic substance doctrine. Then he reviews fair market rents for 2011; talks about IRS LIHC Newsletter #41; mentions potential changes to NCSHA's recommended practices and shares proposed changes to California's readiness scoring regulations. Next, he discusses a newsletter from the Office of the Comptroller of the Currency and previews an article from the Novogradac Journal of Tax Credits about windows in historic tax credit projects. Then he discusses two Senate bills would extend energy tax incentives, and the potential impact of the financial reform bill on renewable energy tax credit investment. Finally, he closes with a couple tax credit tidbits.

Basel III; GAO Report on Recovery Act Programs; A Canadian LIHTC; NMTC Investment Through 2009; AMT Offset Bill; Job Opportunity at CDFI Fund; Missouri Tax Credit Review Commission; DOE Spending Plans; Pace of Wind Turbine Installations; Renewable Energy Legislation

cpas@novoco.com (Novogradac & Company LLP) — Tue, 28 September 2010 3:00:00 -0800

Michael J. Novogradac, CPA, discusses the possible effect of new Basel III regulations on tax credit investing. He also reviews a report from the Government Accountability Office regarding the Recovery's Act's low-income housing tax credit programs, as well as a proposal to implement an LIHTC program in Canada. Then he summarizes new markets tax credit investment data through 2009; new legislation regarding an AMT offset for NMTCs; and a job opening at the CDFI Fund. Next, he checks in on the Missouri state tax credit review commission. Finally, he discuss the pace at which the Department of Energy expects to disperse Recovery Act funds in the coming months, a prediction about the pace of wind turbine installations in 2011, and a review of recently introduced energy legislation.

Small Business Jobs bill; Tax Extenders Update; IRS Notice on Economic Substance; Basel III ; 2011 DDAs; Treasury Meeting of LIHTC Stakeholders; Audit Issue Affecting LIHTC Not-For-Profits; FASB Lease Accounting Proposal; IRS Notice on Tax Credit for Coal; New Reports About Renewable Energy Market; Job Opportunity at the CDFI Fund.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 21 September 2010 3:00:00 -0800

Michael J. Novogradac, CPA, reviews several general tax credit news items including the Small Business Jobs bill; a tax extenders update; an IRS Notice about economic substance; and the effect of Basel III on tax credit investment by banks. In the LIHTC news corner, he shares information about the 2011 DDAs, last week's Treasury Meeting of LIHTC stakeholders, and an audit issue affecting some LIHTC not-for-profits. Next, he examines the possible impact of a recent FASB lease accounting proposal on historic tax credit lease pass throughs. On the renewable energy front, he discusses an IRS notice on the tax credit for coal and three new reports about the renewable energy market. Finally, he shares news from the CDFI Fund about a job opportunity.

Tax Extender Update; 2011 Difficult Development Areas; LIHTC Working Group Update; Announcement for Recovery Act NMTC Allocatees; IRS's Reply Brief in Virginia Historic Case; First Deal Closed under DOE's Financial Institution Partnership Program; Feed-In Tariff Proposal in California.

cpas@novoco.com (Novogradac & Company LLP) — Tue, 14 September 2010 13:00:00 -0700

Michael J. Novogradac, CPA, shares an update on the status of tax extenders; discusses 2011 difficult development areas, and reviews the latest activities of the LIHTC Working Group. He also shares an announcement for Recovery Act NMTC allocatees; discusses the IRS's reply brief in the Virginia historic tax credit fund case; shares information about the first deal closed under the Department of Energy's Financial Institution Partnership Program, and touches on a proposal regarding a feed-in tariff in California.

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 13:00:00 -0700

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 113:00:00 -0700

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.