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June 23, 2021

Tax Credit Programs with Michael Novogradac

We’re excited to welcome back Michael Novogradac, managing partner of Novogradac & Company LLP. In 2019, Michael, Corey and Steve took an in-depth look at the Low Income Housing Tax Credit program, from inception to today, and the role it has played in the affordable housing market. In this episode, they continue that discussion, but with a focus on recent developments and opportunities for both housing and community development.

  • Chapter 1: 0:00 – A broad overview of tax credits and their community impact
  • Chapter 2: 15:00 – Growth and increasing demand for these programs
  • Chapter 3: 28:00 – Private Activity Bonds and the 4% credit
  • Chapter 4: 35:30 - end – Community development opportunities

Listen to other episodes in the series.


This podcast is for informational purposes, and is not advocacy, legal interpretation, nor a statement of policy. Reference to any specific product or entity does not constitute an endorsement or recommendation by Freddie Mac unless explicitly stated. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Freddie Mac employees are those of the employees and do not necessarily reflect the view of Freddie Mac or any of its officials.

About the Podcast Hosts

Steve Guggenmos

Steve Guggenmos
VP Research & Modeling

Steve leads multifamily research at Freddie Mac. In this role he performs research related to national and market-specific multifamily conditions. His team supports the multifamily business by developing models and quantitative approaches that determine risk-based capital allocations. The models capture loan level risks and also the benefits of the diversification and structural credit support for pools of multifamily mortgages, supporting the core business strategies of Freddie Mac Multifamily.


Corey Aber

Corey Aber
Senior Director of Mission, Policy and Strategy

Corey is the Senior Director of Mission, Policy and Strategy at Freddie Mac Multifamily. In this role, he oversees our Duty to Serve initiatives as well as research and development activities that further our support for affordable housing and underserved markets nationwide.


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