Novogradac & Company Llp

Today is Tuesday, June 2nd, 2009. This week we will review the new markets tax credit awards that were announced last week as part of the American Recovery and Reinvestment Act of 2009. We will also examine a legislative proposal to prohibit tax patents. And finally, we will discuss an invitation to comment about using FHA-insured multifamily mortgages with low-income housing tax credits and tax-exempt bonds. Let's' get started with a look at last week's new markets tax credit allocation announcement.