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LIHTC

House recovery plan revives tax credits

by Richard Brown on February 4, 2009

in Ending Homelessness

Will the Senate concur?
The Center on Budget and Policy Priorities has published an analysis by Will Fischer of the exchange option included in the House approved economic recovery plan. This would allow state housing agencies to exchange some credits for federal grants, which they would then distribute to developers to support the production of affordable [...]

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Need rises as resources dry up
Affordable housing is said to do better than other real estate sectors in a bad economy because government subsidies are available, land and construction costs fall and demand for the apartments rises. NY Times
Affordable housing has been impacted  by the economic meltdown. This conundrum is well known to those involved [...]

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