On Monday, July 26th, AHTCC joined 9 other industry organizations on a letter discussing H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010. While AHTCC supports many pieces of the legislation there are several provisions which raise concerns among industry participants.
On May 6, 2010 Senator Maria Cantwell (D-WA) introduced the Job Creation and Affordable Housing Act of 2010 on behalf of herself and Senators John F. Kerry (D-MA) and Barbara Boxer (D-CA). Senator Cantwell has been a champion of the Low Income Housing Tax Credit program over the years but particularly in the 111th Congress [...]
On Thursday, March 18, 2010 Senator Jeff Bingaman (D-MN) introduced the Low Income Housing Tax Credit Recovery Act of 2010. The legislation includes the five year carryback proposal AHTCC and other industry groups have been advocating on behalf of.
On December 18, 2009, the Congressional Research Service updated its summary report on the Low Income Housing Tax Credit program to account for recent legislative changes.
On December 17, 2009, fifteen Senators signed onto a “Dear Colleague” letter addressed to Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA) in support of legislative changes to the Low Income Housing Tax Credit program.
Specifically the letter encourages the Committee to extend the Housing Credit exchange program for one year, [...]
On Friday, October 9, 2009 Ernst & Young published a survey concerning Low Income Housing Tax Credit investment. The survey was commissioned by Enterprise Community Partners, Inc. and Local Initiatives Support Corporation in order to better understand the LIHTC investment market and to analyze investor responses to certain legislative proposals.
AHTCC will be distributing this survey [...]
Industry organizations urge Congress to enact the Low Income Housing Tax Credit (Housing Credit) proposals described in the attached letter in upcoming tax legislation.