Novogradac & Company Llp

Today is Tuesday, May 12th, 2009. This week we will discuss the Department of Housing and Urban Development's recent announcement about its Neighborhood Stabilization Program. Then we will share some good news from the IRS about utility allowances for low-income housing tax credit properties. We will also examine the recently-approved state new markets tax credit in Florida. But first, we have an update on the Tax Credit Assistance Program, or TCAP, and the tax credit exchange program created by the Recovery Act of 2009.