In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section where he talks about what GOP leaders are doing to keep alive their goal of advancing tax reform legislation this fall after they return from August recess. Then, he discusses a budget resolution and debt ceiling, two major items on the congressional agenda that are crowding the calendar for tax reform. In low-income housing tax credit news, he discusses a report by HUD on the nation's worst-case housing needs. In new markets tax credit news, he outlines a program update from the CDFI Fund on applications submitted for the 2017 round of the new markets tax credit. He closes with historic tax credit news, where he is talks about Illinois S.B. 1783, a state bill that could extend the Illinois state historic tax credit for another four years.