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, adopt a five-year Credit carryback proposal, and consider other proposals designed to attrack additonal investors to the program.
The letter was spearheaded by Senators Maria Cantwell (D-WA) and John F. Kerry (D-MA). Other signers include: Charles Schumer (D-NY); Jeff Bingaman (D-NM); Debbie Stabenow (D-MI); and Olympia Snowe (R-ME). (Not a complete list).
The complete letter is linked below.