In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, Novogradac partner Nicolo Pinoli, CPA, and Bob Ibanez, a Novogradac senior public policy manager discuss the upcoming calendar-year 2021 new markets tax credit (NMTC) application round, including the timing of the 2020 awards and the opening of the next round. They also discuss community development entity (CDE) eligibility issues, the importance of lining up leverage debt sources early, common issues with the investment pipeline and best practices for communicating a track record, including the role of disadvantaged businesses and communities.

In the 700th weekly Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Dirk Wallace, CPA, discuss the proposed middle-income housing tax credit (MIHTC), including the incentive's purpose, how it compares to the low-income tax credit in size and mechanics, where it would work best and what developers should be considering now to be prepared if the proposal becomes law. They also discuss what stakeholders are saying about the MIHTC, who the likely investors would be and how listeners can participate in helping shape the MIHTC, both in terms of statutory and regulatory moves.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Dirk Wallace, CPA, discuss the proposed neighborhood homes tax credit (NHTC), including what needs the incentive would meet, where it would likely be used and how it would be allocated. They also discuss recapture regulations, how states might adjust regulations to meet their needs and who would be the likely participants in the incentive. They conclude with a discussion of how renovations of homes could be covered by the credit, including financial sources to cover gaps, and what the Neighborhood Homes Tax Credit Working Group will address.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac principal Erin Neff, CPA, discuss two common questions asked by Novogradac clients who are thinking about applying for new markets tax credit allocation (NMTC) authority: 1. Are there particular types of borrowers that are underserved by community development entities? 2. How can a NMTC applicant can improve the chances of getting a larger tax credit award? Michael and Erin discuss the answer that connects these two questions, namely using a portion of one's allocation to make small-dollar loans, which are principally done through loan pools. Learn about various tax and compliance considerations related to loan pools, as well as best practices.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, discuss the state of various community development tax incentives with Peter Lawrence, Novogradac's director of public policy and government relations. Lawrence shares his work history, then examines the prospects for infrastructure legislation, as well as where the corporate tax rate and capital gains tax rate might land. Then they look at the chances of a change in the 50% private activity bond test, as well as the chance for passage of bills that include permanency for the new markets tax credit, expansion and extension of renewable energy tax incentives and the extension or phasing out of the opportunity zones incentive. They conclude with a discussion of how advocates can encourage expansion of community development incentives.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, Novogradac partner Jim Kroger, CPA, and Novogradac's Melissa Chung, CPA, discuss the increasing competition for private activity bonds (PABs) for affordable housing, which pair with 4% low-income housing tax credits to provide equity for properties. They discuss why and when the increase in use of PABs started, factors that have dramatically increased competition in California, approaches taken by states in light of the increased demand, what developers should be doing to improve their ability to compete, Novogradac services to assist developers and tips to be more effective.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Brent Parker, CPA, discuss what qualified opportunity fund managers and investors need to know about 2021 opportunity zones "invest-by" deadlines and measurement dates, COVID-19 relief and more.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by Mark Shelburne, a housing policy consultant at Novogradac, to discuss trends and insights into state low-income housing tax credit (LIHTC) qualified allocation plans (QAPs). They discuss the requirements for QAPs, how QAPs are adopted and how developers should view the documents. They also address the role of QAPs in properties financed with private-activity bonds and 4% LIHTCs, as well as what developers should know about influencing the next QAP for their state.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Michael Kressig, CPA, to explore the topic of state tax credits, which are often a critical part of the capital stack that can make affordable housing, community development and historic preservation developments financially feasible. They discuss the structural features associated with state tax credits, how tax credits vary across state programs and the critical implications those differences have on the upfront value of the tax credits and structuring options.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Jeff Nishita to discuss how maximize low-income housing tax credit (LIHTC) equity. They discuss the potential to maximize LIHTC equity, how to increase and accelerate tax credits, how to increase and accelerate tax losses, how to identify investor goals and consider how a development can help investors achieve those goals. They also discuss the importance of correctly timing the arrival of equity.