December 7, 2010

12/07/10 • -1 min

Michael J. Novogradac, CPA, discusses the latest status of tax extenders legislation and other developments from the current, ongoing lame duck session of Congress. Then he discusses a bipartisan letter support for an extension of the Section 1603 renewable energy cash grant program in Congress, and describes a regulation change at the Department of the Interior that is expected to facilitate development of new energy projects on the Atlantic Outer Continental Shelf. In the low-income housing tax credit discussion, he shares an announcement from HUD regarding $16 million that is available for reallocation under the Tax Credit Assistance Program. He also discusses recent IRS guidance regarding bond issuance that has raised some doubts about the use of the draw down structure for affordable housing financing. In new markets tax credits news, he reviews the latest QEI issuance report from the CDFI Fund and shares news about the Capital Magnet Fund.

Previous Episode

November 30, 2010

Michael J. Novogradac, CPA, shares information about a Federal Housing Administration pilot program that will speed up the processing of low-income housing tax credit transactions; summarizes a recent agreement reached overMontana’s qualified allocation plan; and discusses 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.Next, he examines information from the Federal Energy Regulatory Commission about states’ energy generation and efficiency standards. And finally, he discusses a bill passed last week that could make New Jersey the 32nd state tooffer a historic rehabilitation tax credit.

Next Episode

December 7, 2010

Michael J. Novogradac, CPA, discusses the latest status of tax extenders legislation and other developments from the current, ongoing lame duck session of Congress. Then he discusses a bipartisan letter support for an extension ofthe Section 1603 renewable energy cash grant program in Congress, and describes a regulation change at the Department of the Interior that is expected to facilitate development of new energy projects on the Atlantic Outer ContinentalShelf. In the low-income housing tax credit discussion, he shares an announcement from HUD regarding $16 million that is available for reallocation under the Tax Credit Assistance Program. He also discusses recent IRSguidance regarding bond issuance that has raised some doubts about the use of the draw down structure for affordable housing financing. In new markets tax credits news, he reviews the latest QEI issuance report from the CDFI Fund andshares news about the Capital Magnet Fund.