AHTCC Congratulations the newly elected 2010 Board of Directors.

On Friday, October 9, 2009, Ernst & Young published a study concerning Low Income Housing Tax Credit (Housing Credit) investment.

Over the past few months, AHTCC has stressed to its members the importance of presenting to Congress a well-crafted and broadly supported legislative plan designed to spur new investment in the Housing Credit program while also assisting current investors in the program.

AHTCC has joined with many other industry groups to advance a set of proposals designed to stimulate investment in the Housing Credit program. A new website, A.C.T.I.O.N. (A Call To Invest in Our Neighborhoods), has been created to track the progress of this industry-wide effort.

On Monday, May 4, the U.S. Department of Treasury and U.S. Department of Housing & Urban Development published a press release announcing programs that will provide billions of dollars in recovery funds to spur the development of affordable housing.

On May 6, 2009 the New York Times published the below-linked article on Shovel-ready Housing Credit projects lacking investor equity.

The Ohio Housing Finance Agency (OHFA) is seeking proposals from qualified entities to provide construction and asset management services for multifamily housing projects funded wtih programs authorized by the American Recovery and Reinvestment Act.

The Internal Revenue Service (IRS) and the U.S. Department of Housing and Urban Development (HUD) have released guidance on the Low Income Housing Tax Credit (Housing Credit) provisions which were included as a part of the American Recovery and Reinvestment Act of 2009.

The American Recovery and Reinvestment Act of 2009 (ARRA) became public law 111-5 on February 17, 1009. It was designed to stimulate the faltering economy and to create or save 3.5 million jobs over the next two years.

House and Senate leaders have struck a tentative deal on a stimulus package with a top-line figure of $789.5 billion.