January 24, 2017

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news about Treasury Secretary nominee Steven Mnuchin's highly anticipated Senate confirmation hearing last week. In low-income housing tax credit news, he talks about the state of the low-income housing tax credit equity market and what states like Ohio are doing to fill the equity shortfall. He also discusses implementation of the Housing Opportunity through Modernization Act of 2016 and expansion of HUD's Moving to Work program. He outlines President Donald Trump's suspension of a decrease in the Federal Housing Administration's mortgage insurance premium. He then talks about the 2017 poverty guidelines released by the Department of Health and Human Services, which allow HUD to calculate its income limits. In new markets tax credit news, he discusses the latest qualified equity investment issuance report and the fiscal year 2017 rounds of the CDFI program and Native CDFI program. In renewable energy tax credit news, he discusses Marathon Capital's report, "U.S. Federal Corporate Tax Reform: Potential Impact on U.S. Renewable Energy Financing." Then, he details New Mexico's recently introduced solar investment tax credit bill, HB 82.