In this episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Tony Grappone, CPA, dive into the intricacies of prevailing wage and apprenticeship (PWA) requirements in the context of renewable energy tax credits. They discuss strategies for ensuring compliance, highlight common pitfalls and explain the importance of early engagement in the compliance process. They provide practical tips for developers and investors looking to optimize their tax credit claims while adhering to PWA regulations.

The House of Representatives last week passed budget reconciliation legislation that includes significant tax incentive provisions. In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Peter Lawrence, Novogradac's chief public policy officer, discuss the bill, including what provisions were included, which were left out (but could be added as the Senate considers the legislation) and the timeline for the landmark bill going forward. They take a deeper dive into provisions concerning opportunity zones (OZ) and the low-income housing tax credit (LIHTC) that were part of the House bill, along with a significant rollback of clean energy incentives. They also discuss the possibility of provisions relating to the new markets tax credit (NMTC) and historic tax credit (HTC) being added to the bill in the Senate.

The opportunity zones (OZ) incentive remains a versatile tool in the workshop of community development, housing production and renewable energy generation. In this week's episode of the Tax Credit Tuesday podcast, host Michael Novogradac, CPA, and guest Brent Parker, CPA, discuss the intersection of the OZ incentive with other tax incentives, including renewable energy tax credits (RETCs) such as the investment tax credit (ITC) and production tax credit (PTC), low-income housing tax credits (LIHTCs), new markets tax credits (NMTCs) and historic tax credits (HTCs). Parker and Novogradac discuss some of the benefits and challenges of combining OZs with these other financial tools, including discussing various types of transaction structures. The two talk about the possibilities for the incentive before the Dec. 31, 2026, expiration to realize capital gains, which may see an extension after its inclusion in the U.S. House of Representatives Ways and Means Committee's reconciliation budget proposal this week.

Michael Novogradac, CPA, and Novogradac partner Lance Smith, CPA, discuss the opportunities, risks, and challenges faced by for-profit housing developers when partnering with not-for-profit affordable housing developers. Learn about the benefits, such as improved chances of being awarded low-income housing tax credits, lower property taxes and access to soft financing. They also discuss the risks including tax-exempt use property and the material participation standard. Dive deep into the intricacies of joint ventures and gain insights from the recently released Novogradac Nonprofit Housing Developers Handbook.'

The past, present and future are all relevant in new markets tax credits (NMTCs) in the spring of 2025, with multiple issues that touch on each of the three time periods among some of the hottest topics in the tax credit community. In this week's episode of the Tax Credit Tuesday podcast, host Michael Novogradac, CPA, is joined by guests Rebecca Darling, CPA, and Brad Elphick, CPA, to discuss five key issues of interest in the community. First, the trio discusses a March 14 executive order by President Donald Trump that stoked concerns as to the future status of the Community Development Financial Institutions Fund (CDFI) Fund, which administers the NMTC. Next, Darling, Elphick and Novogradac discuss the looming expiration date for the NMTC and the status of advocacy efforts to make the NMTC permanent. Third, Darling and Elphick share their thoughts on the ongoing 2024-2025 "double round," a $10 billion allocation round. The fourth topic covers qualified equity investment and qualified low-income community investment data so far in 2025. Finally, the host and guests discuss a recently released frequently asked questions (FAQ) compliance document from the CDFI Fund about NMTCs and what the community needs to know.

The U.S. Department of Housing and Urban Development (HUD) released the annual rent and income limits April 1 for property managers to apply when renting properties financed by low-income housing tax credit (LIHTC) equity as well as HUD programs such as Section 8, Section 202 and Section 811. In this week's episode of the Tax Credit Tuesday podcast, host Michael Novogradac, CPA, and guest Thomas Stagg, CPA, one of Novogradac and the nation's leading experts in rent and income limits, discuss three key takeaways from this year's release. First, Stagg and Novogradac discuss income limits being higher than anticipated. The second key takeaway is why the rent and income limits were higher'a change in HUD's methodology for calculating inflation factor in rent and income limits. Finally, they discuss a number of metropolitan statistical areas (MSAs) that were reorganized or changed in the 2025 limits release, including why a disproportionate number of the changes are in Connecticut.

This Tax Day episode of Tax Credit Tuesday features guest host Tony Grappone, CPA, and guest Reza Karim, CPA. They discuss state and local tax issues vital to renewable energy facilities, including various types of taxes such as property, sales and use taxes. They also delve into tax credit transfers, nexus, apportionment and non-resident withholding, providing practical tips and insights for managing these complex tax landscapes. They highlight the importance of early planning and engagement with local jurisdictions to optimize tax outcomes.

Novogradac's e-learning platform'NovocoTraining'provides webinars and on-demand training for myriad community development tax incentives, with teaching for audiences from beginner to expert. In this week's Tax Credit Tuesday episode, Michael Novogradac, CPA, and Wayne Michael, Novogradac's senior director of external education and e-learning, discuss the options available. They discuss how it works, as well as how Michael uses visuals to teach important concepts. They also talk about who makes up the presenters and the typical audience, special certifications and some new options, including a significant change in how to become an "all-you-can-eat" member.

After 10 weeks of the second Trump administration, funding and staffing changes continue to develop for affordable housing funded by the U.S. Department of Housing and Urban Development (HUD) and for the public housing authorities (PHAs) that oversee much of that spending. On this week's episode of Tax Credit Tuesday, host Michael Novogradac, CPA, discusses HUD-related issues with Peter Lawrence, Novogradac's chief public policy officer, and Rich Larsen, CPA, who leads the company's public housing authority practice. They look at how the federal government's continuing resolution funding package for fiscal year 2025 affected HUD spending, then look at issues in the fiscal year 2026 funding plans. After that, they discuss how the reduction in the HUD workforce and field offices affect PHAs and others, before wrapping up with a look at how cuts to the Green and Resilient Retrofit Program funding are playing out and what we know now that we didn't know on inauguration day.

Compliance requirements come in a variety of shapes and sizes for affordable rental housing property managers using incentives such as the low-income housing tax credit (LIHTC), HOME Investment Partnerships Program, tax-exempt bonds, project-based rental assistance (PBRA) programs, public housing and property tax exemptions. In this week's episode of the Tax Credit Tuesday podcast, host Michael Novogradac, CPA, and guest Stephanie Naquin discuss the three key steps when qualifying tenants to live in affordable housing properties: Screen, verify and certify. Later, Naquin and Novogradac discuss the emerging issues around property tax exemption compliance.