In this week’s episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, mentions the return of the House and Senate, as well as a speech from Treasury Secretary Jacob Lew about tax reform. In new markets tax credit news, he provides information on the 2014 NMTC application guidance and Sen. Wyden’s support of the NMTC program, as well as a California new markets tax credit bill. In low-income housing tax credit news, he explores the National Low Income Housing Coalition’s report, “Housing Spotlight: The Affordable rental Housing Gap Persists.” In historic tax credit news, he reviews the Historic Tax Credit Coalition’s letter to the Internal Revenue Service regarding Section 50(d) of the Internal Revenue Code, reports on Connecticut’s revision of its historic tax credit program and discusses the possible creation of a California historic tax credit program.