The Buzz: For LIHTC, A Stimulus But Not Yet a Recovery
Date Published: 03/03/2009
Author: Buzz Roberts, LISC Senior Vice President for Policy
from the March 2009 issue of Novogradac Journal of Tax Credit Housing.
The massive economic recovery bill signed into law last month will help stalled low-income housing tax credit (LIHTC) projects get off the ground. That is a major and necessary achievement, intended as a short-term measure until the investment market returns to stability. However, the bill does not directly address the obstacles to attracting more investment capital. Unless the investment market stabilizes, measures intended as stop-gaps may need to be extended, calling into question the LIHTC's long-term viability.
> Download the PDF to read more...
This article first appeared in the March 2009 issue of the Novogradac Journal of Tax Credit Housing and is reproduced here with
the permission of Novogradac & Company LLP.
© Novogradac & Company LLP 2009 - 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: Housing, --Affordable Housing Finance & Development, Policy, --Housing
Type: Trade Article