Affordable Housing and Tax Credit Developments NationallyReconciling Next Year in Congress – Low Income Housing Tax Credit (LIHTC) Exchange Program Still Looking Good and More

June 15, 2010by George Danneman

The United States Senate released a summary explaining Senate Amendment 4301 which seeks to replace the Tax Extenders Bill (H.R. 4213). Senate Amendment 4301 will extend the Section 1602 IRS Low Income Housing Tax Credit (LIHTC) cash grant exchange program for affordable housing communities and the New Markets Tax Credit (NMTC) program by one year. In addition, the placed-in-service deadline for the Gulf Opportunity (GO) Zone Low Income Housing Tax Credits (LIHTC) will be extended by two years. Senate Amendment 4301 will also provide funding for the National Housing Trust Fund (NHTF).

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