LIHTC Tax Credit Bills Introduced
Thursday, January 12, 2012
Bipartisan legislation supported by NAA/NMHC has been introduced in both the House and the Senate (H.R. 3661, S. 1989) that would make the 9% low-income housing tax credit (LIHTC) fixed floor rate permanent and establish a similar fixed floor rate for the 4% credit for acquisitions.
A temporary 9% floor rate was established in the 2008 Housing and Economic Recovery Act but will expire for apartments placed in service after the end of 2013.
