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AFFORDABLE HOUSING COMMUNITY UNITES TO DEFEND LIHTC

Monday, July 25, 2011 - 8:00AM

Approximately 200 organizations have signed on to the Affordable Housing Tax Credit Coalition’s (AHTCC’s) rebuttal of Sen. Tom Coburn's proposal to eliminate the low-income housing tax credit (LIHTC). The LIHTC was one of a number of tax expenditures targeted for elimination in Sen. Coburn's deficit reduction plan entitled "Back in Black." The AHTCC warns that repealing the LIHTC would deprive millions of low-income families and seniors of a decent place to live and would eliminate thousands of jobs. In its rebuttal, the group notes that the proposal's discussion of reasons to eliminate the LIHTC is based on faulty reasoning, irrelevant information and inaccurate or unsupported claims.

There is still time for affordable housing advocates and LIHTC supporters to sign on to the rebuttal document; groups interested in co-signing the rebuttal should contact AHTCC Executive Director Victoria Spielman at [email protected] by Wednesday, July 27.

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