Michael J. Novogradac, CPA, discusses the negotiations surrounding the fiscal cliff, prospects for a Superstorm Sandy federal recovery bill, a recent hearing and guidance on proposed regulatory capital rulemakings under Basel III and the FHA's annual financial status report in general tax credit news. The historic tax credit news segment features an announcement of historic preservation training opportunities through the Advisory Council on Historic Preservation and news from Alabama on the possible creation of a state-level historic tax credit program. Low-income housing tax credit news includes a discussion of the Federal Housing Finance Agency's multifamily affordable housing goals for Fannie Mae and Freddie Mac, as well as the New York Department of Homes and Community Renewal's decision to extend its funding application deadline after Hurricane Sandy. In renewable energy tax credit news, he discusses the Governors' Wind Energy Coalition's efforts to extend the wind PTC and provides state renewable energy program updates from Hawaii and Pennsylvania. Mr. Novogradac wraps up the podcast with new markets tax credit news about a sign-on letter urging Congress to extend the NMTC and informs listeners of the CDFI Fund's attempt to evaluate Hurricane Sandy's effects on CDFIs and CDEs.
