Tax Credit Tuesday Podcasts

After the low-income housing tax credit (LIHTC) became law 40 years ago, the most successful affordable housing tax incentive in history required some changes in order to be effective. In the second part of a two-part episode of Tax Credit Tuesday, Michael Novogradac, CPA, sits down with five key figures in the implementation of the LIHTC: Paul Grogan, then the president of LISC; Bart Harvey, the vice chair at Enterprise in 1986; Buzz Roberts, then a consultant for LISC; Barry Zigas, the president of the National Low Income Housing Coalition in 1986; and Bobby Rozan, who was a tax aide to Sen. George Mitchell, a key figure in the LIHTC's inclusion in the bill. In Part 2, they talk about their initial reaction when the Tax Reform Act of 1986, which included the LIHTC, became law; what challenges the LIHTC faced; and what the future holds.

The low-income housing tax credit (LIHTC), which is responsible for funding nearly 4 million affordable homes, became law 40 years ago, when President Ronald Reagan signed the Tax Reform Act of 1986 on Oct. 22, 1986. In a special two-part episode of Tax Credit Tuesday, Michael Novogradac, CPA, sits down with five key figures in the passage and implementation of the LIHTC: Paul Grogan, then the president of LISC; Bart Harvey, the vice chair at Enterprise in 1986; Buzz Roberts, then a consultant for LISC; Barry Zigas, the president of the National Low Income Housing Coalition in 1986; and Bobby Rozen, who was a tax aide to Sen. George Mitchell, a key figure in the LIHTC's inclusion in the bill. In Part 1, they talk about their roles in the affordable housing world in 1986, how affordable housing was seen as the tax reform bill made its way through Congress, how the incentive made it into the final bill and their reaction when the legislation was passed.

Over the past five years, the renewable energy tax credit (RETC) market has been characterized by resilience and rapid growth, even amid a changing tax policy landscape. On this week's episode of Tax Credit Tuesday's "Renewable Energy Tax Credit Finance" series, Michael Novogradac, CPA, and Tony Grappone, CPA, discuss how renewable energy has grown as an industrial asset class and how the financing market has evolved alongside it. The two explore how transferability has created another way to monetize tax benefits from RETCs, how financing structures have evolved as the market matures, risk management and more. Novogradac and Grappone also explore pressures that could shape the RETC market in the future, including foreign entity of concern (FEOC) requirements and permitting constraints, as well as financing tools that could drive investment through 2030.

The next iteration of the opportunity zones (OZ) incentive, called "OZ 2.0" by stakeholders, officially begins Jan. 1, 2027. However, before that launch, practitioners have a busy schedule for the rest of the year. On this week's episode of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Jason Watkins, CPA, discuss five issues OZ practitioners should address before the calendar turns. Novogradac and Watkins begin by discussing transition guidance for expiring zones, then look at decisions in determining deferred gain recognition by Dec. 31. After that, they cover the state of determining new OZ tracts, what funds and businesses should be doing to prepare for reporting requirements and Treasury's request for feedback.

On this episode of Tax Credit Tuesday's "So You Want to Be a LIHTC Developer" series, Michael Novogradac, CPA, and Novogradac Housing Policy Consultant Mark Shelburne discuss qualified allocation plans (QAPs), the state-created documents that establish priorities and criteria for allocating the low-income housing tax credit (LIHTC). Novogradac and Shelburne give an overview of QAPs. They then discuss how familiarity with QAPs can help affordable housing developers improve their odds of successfully receiving a LIHTC award and better serve low-income renters in that state. Novogradac and Shelburne conclude by exploring the Novogradac resources available to learn more about QAPs.