Michael J. Novogradac, CPA, shares information about a Federal Housing Administration pilot program that will speed up the processing of low-income housing tax credit transactions; summarizes a recent agreement reached overMontana’s qualified allocation plan; and discusses Louisiana Housing Finance Agency’s state housing needs assessment. Then he reviews a report from the Federal Reserve Bank of San Francisco about transit-oriented development.Next, he examines information from the Federal Energy Regulatory Commission about states’ energy generation and efficiency standards. And finally, he discusses a bill passed last week that could make New Jersey the 32nd state tooffer a historic rehabilitation tax credit.