Novogradac & Company Llp

Today is Tuesday, July 21st, 2009. This week we will review the highlights of a Financial Services subcommittee hearing in the House of Representatives about preserving affordable housing. Then we will examine the latest proposal to codify the economic substance doctrine and we'll discuss what that could mean for the tax credit community. And finally, we will summarize some of the many staffing changes that have happened at HUD. But first, we have an update on a topic from last week's discussion regarding the Treasury Department's guidance for the Section 1602 tax credit exchange program.