On this episode of the TBG Real Estate Podcast, we chat with a key influencer in the affordable housing space, Michael Novogradac of the Novogradac Group. As part of our “Impact Real Estate” Series, we talk to him about the opportunity that led him to start his own company and the strategies he’s used to grow it into a namesake in the affordable housing space. We also chat about the future of affordable housing heading into a new federal administration. Michael is a treasure throve of information so this is an episode you definitely do not want to miss!

EPISODE NOTES:

01:34 - On the heels of the quake

03:21 - Doing well by doing good: From public accounting to affordable housing

04:43 - Differences in market rate and affordable

08:03 - Chris' hero!: Building out a brand

09:50 - Biggest changes to the tax credit

13:30 - Institutionalizing affordable housing

17:05 - Opportunity zones

20:24 - Administrations and funding levels

22:13 - New market tax credit

25:00 - Bipartisanship will be critical

26:20 - The age of competition

27:40 - The role of a Managing Partner

29:00 - Managing a firm in the time of Covid

32:00 - The Hot Seat presented by KK Reset

Michael Novogradac is the managing partner of Novogradac, which recently celebrated its 30th year in business, having opened in 1989. He specializes in affordable housing, community development, historic preservation and renewable energy. Michael's focus is in real estate taxation and accounting. He is the author of numerous real estate-related tax and accounting articles and books, including the Novogradac Opportunity Zones Handbook, the New Markets Tax Credit Handbook and the Low-Income Housing Tax Credit Handbook.

A frequent speaker at tax incentive conferences and forums throughout the country, Michael is active in advocating for the inclusion of affordable housing, historic preservation, community development and renewable energy incentives in federal and state tax policy and broadcasts a weekly podcast, Tax Credit Tuesday.