The Buzz: Obama budget reflects new cities and metro policy

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Date Published: 03/01/2010

Author: Buzz Roberts, LISC Senior Vice President

from the March 2010 issue of Novogradac Journal of Tax Credit Housing.


It did not make many headlines, but President Barack Obama’s fiscal year (FY) 2011 budget proposal reveals an ambitious new policy vision for cities and metropolitan areas infused through numerous departments and accounts.

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This article first appeared in the March 2010 issue of the Novogradac Journal of Tax Credit Housing and is reproduced here with the permission of Novogradac & Company LLP.

© Novogradac & Company LLP 2010 - All Rights Reserved.

Notice pursuant to IRS regulations: Any U.S. federal tax advice contained in this article is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties under the Internal Revenue Code; nor is any such advice intended to be used to support the promotion or marketing of a transaction. Any advice expressed in this article is limited to the federal tax issues addressed in it. Additional issues may exist outside the limited scope of any advice provided – any such advice does not consider or provide a conclusion with respect to any additional issues. Taxpayers contemplating undertaking a transaction should seek advice based on their particular circumstances.

This editorial material is for informational purposes only and should not be construed otherwise. Advice and interpretation regarding property compliance or any other material covered in this article can only be obtained from your tax advisor. For further information visit www.taxcredithousing.com.

Topics: Policy, --Housing

Type: Trade Article