On February 13, 2012 President Obama released his proposed 2012 budget. Included are 4 Low Income Housing Tax Credit provisions. Encourage Mixed Income Occupancy By Allowing LIHTC-Supported Projects to Elect a Criterion Employing a Restriction on Average Income: This proposal would allow developments to lease to residents earning up to 80% of area median income (AMI) [...]
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).
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.
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.