In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he talks about the Republican and Democratic conventions and what each party has outlined as its priorities, as they relate to affordable housing and energy policy. He also discusses new Community Reinvestment Act regulation guidance and what one particular change could mean for the historic tax credit industry. In the low-income housing tax credit section, he shares big news on two pieces of legislation. The Affordable Housing Credit Improvement Act of 2016 (S. 3237) would greatly expand the low-income housing tax credit and make numerous enhancements to the program, while the Housing Opportunity through Modernization Act of 2016 (H.R. 3700) makes significant changes to several housing programs, especially HUD’s Section 8 Housing Choice Voucher program. Then, he talks about a new housing choice voucher fee formula proposed by HUD that could make administration of vouchers more efficient. In new markets tax credit news, he discusses how new rules issued by the Department of Agriculture would align USDA’s Business and Industry Guaranteed Loan program with new markets tax credit leverage and qualified low-income community investment loans. In the historic tax credit section, he shares news about the Advisory Council on Historic Preservation’s newly appointed and reappointed members. And he closes out with renewable energy tax credit news, where he outlines one federal bill (S. 3169) that would eliminate the wind production tax credit two years earlier than scheduled and the Energy Storage Tax Incentive and Deployment Act of 2016 (S. 3159), which  would create a new investment tax credit for energy storage.