January 30, 2017

Michael J. Novogradac, CPA, alerts listeners to a Senate Finance Committee hearing on the fiscal crisis and a discussion of the U.S. Department of Housing and Urban Development’s 2013 budget. In new markets tax credit news, he discusses a comment request from CDFI Fund about its Allocation Tracking System and Maine’s state NMTC program. In low-income housing tax credit news, he discusses the Federal Housing Finance Agency’s new LIHTC-related financing goals, the latest State of the Nation’s Housing report and a HUD proposal to cap public housing authorities’ executives’ salaries. The historic tax credit discussion summarizes a new bill introduced to enhance the credit and the upcoming CAPP Act lobby days. He wraps up with renewable energy and Senator Mark Udall’s plan to open each Senate session with a discussion of the production tax credit, as well as an update on a recent Senate hearing on tax reform and energy policy