Michael J. Novogradac, CPA, updates listeners on the federal budget, examines a HUD report on Recovery Act programs in cities, shares highlights from a Congressional briefing organized by the New Markets Tax Credit Coalition, introduces the Novogradac & Company NMTC mapping tool, addresses policy concerns about historic properties’ development standards, examines a Federal Reserve Bank of Dallas report on the effect of low-incomehousing tax credit development on schools, alerts listeners to HUD’s new affordable rental housing partnerships page, and reviews renewable energy bills S. 591 and H.R. 1023 and Idaho’s H.B. 265.