Michael J. Novogradac, CPA, shares an update on the status of tax extenders; discusses the status of the newly designated 2011 difficult development areas for the low-income housing tax credits, and reviews the latestactivities of the LIHTC Working Group. He also shares an important announcement for allocatees of new markets tax credits under the Recovery Act; discusses the IRS’s reply brief in the Virginia historic tax credit fund case; sharesinformation about the first deal closed under the Department of Energy’s Financial Institution Partnership Program, and touches on a proposal regarding a feed-in tariff in California.