This week we will discuss details about the numerous energy tax credits that were included in the recently passed extender legislation. We also have an update on SB 585, a bill that was signed recently by Governor Arnold Scharzenegger that will allow the California state housing tax credit to be sold separately from the federal housing tax credit. Let's start with our review of some of the recently-extended energy incentives that can be used by developments financed by new markets tax credits and low-income housing tax credits.