![The Affordable Housing Tax Credit Coalition [main graphic] A group of developers, syndicators, lenders, nonprofit groups, public agencies, and others concerned with the low-income housing tax credit.](/images/feature_graphics/feature1.jpg?1141015910)
The House of Representatives has just taken a series of three votes on legislation which will comprise the housing legislation (H.R. 3221) with which it will go to conference with the Senate.
Coalition legal counsel Richard S. Goldstein, Nixon Peabody LLP, has prepared the below-linked side-by-side comparison of both Housing Credit modernization bills (H.R. 5720 and S. 2666).
The Affordable Housing Tax Credit Coalition joined 14 other industry groups on a letter regarding Section 8 funding.
On Tuesday, April 22, 2008, the Coalition distributed the attached letter written in regard to a recent White House communication addressed to Speaker of the House Nancy Pelosi (D-CA) advocating against the Housing Assistance Tax Act of 2008 (H.R. 5720).
Wednesday, April 9, 2008, in a major victory for the Affordable Housing Tax Credit Coalition and the Housing Credit industry, the House Ways and Means Committee passed—by an overwhelming, bipartisan majority—the Housing Assistance Tax Act of 2008, H.R. 5720.
Earlier this afternoon, Tuesday, April 8, 2008, House Ways and Means Committee Chairman Charles B. Rangel (D-NY) introduced the Housing Assistance Tax Act of 2008. This bill represents the House version of the long-awaited modernization proposals previously reported on by the Coalition.
On Monday, February 25, 2008, Senator Maria Cantwell (D-WA) introduced the below-attached Affordable Housing Investment Act of 2008, S. 2666 on behalf of herself and Senators Gordon Smith (R-OR), John Kerry (D-MA), Norm Coleman (R-MN), and Ken Salazar (D-CO). S. 2666 has been commonly referred to as Housing Credit modernization proposals which would allow the Low Income Housing Tax Credit (Housing Credit) program greater flexibility and simplify overly burdensome or out-dated program requirements.
On Tuesday, January 22, the Affordable Housing Tax Credit Coalition provided the attached memo to Congressional Leadership, House Committee on Ways and Means Leadership, and the Senate Finance Committee encouraging Members to include Housing Credit provisions in the economic stimulus package.
On December 26, 2007, the IRS provided Revenue Ruling 2008-06 which offers guidance on treatment of Native American Housing Assistance and Self-Determination Act (NAHASDA) funds.
December 19, the Senate passed by unanimous consent an amended version of H.R. 3997, the Defenders of Freedom Tax Relief Act of 2007.
