In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off by discussing the Council of Economic Advisers’ annual report. In affordable housing news, he reviews an energy-efficiency report from Virginia and how it could encourage more state housing agencies to incentivize green building standards. In other state-level news, he talks about how a multi-billion-dollar state budget surplus in New York could dramatically increase the state’s low-income housing tax credit cap. In new markets tax credit news, he provides a legislative update mentioned in last week’s podcast regarding the New Markets Tax Credit Extension Act of 2015 (H.R. 855). He discusses what sponsors are doing to rally support for the legislation that could finally make the new markets tax credit permanent. In historic tax credit news, he shares a new report from the Advisory Council on Historic Preservation on how historic federal properties contribute to local economic development. In renewable energy tax credit news, he talks about why some wind projects worth billions of dollars are currently on hold and what green light they’re all waiting for.