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.
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