1:25 PM
Julio Barreto
According to Affordable Housing Finance magazine 40 national, state and regional groups have agreed to a number of legislative proposals to stimulate the low income housing tax credit (LIHTC) market.The coalition of organizations have agreed to three key points as part of a grassroots campaign entitled Affordable Rental Housing A.C.T.I.O.N. (A Call To Invest in Our Neighborhood). The three points are:1. Extend the Exchange Program to Maintain the Development Pipeline in 2010.2. Immediately Stimulate and Maintain Housing Credit Investment Demand by increasing the Housing Credit Carry back Period.3. Broaden the Investor Base.The group is encouraging supports to contact their congressional representatives to press the aforementioned points. For more information on the campaign, go here....
