Novogradac & Company Llp

Today is Tuesday, July 14th, 2009. This week we have a lot of exciting developments to share. First, we have a summary of Treasury Department guidance for the Section 1602 low-income housing tax credit exchange program, as well as a summary of guidance for the Section 1603 grant exchange program for renewable energy investment tax credits. We will also update you on the status of proposed regulations for the new markets tax credit program regarding the new markets tax credit operating income redemption safe harbor as well as targeted populations. And finally, we will share information about the recent activities of the Novogradac LIHTC Working Group. Let's get started with the highly anticipated Section 1602 LIHTC exchange guidance.