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Bill Introduced to Make Permanent LIHTC Floor

Thursday, February 26, 2015 - 8:00AM

Reps. Pat Tiberi, R-Ohio, and Richard Neal, D-Mass., today introduced a bill that would create a permanent floor for the low-income housing tax credit (LIHTC). The bill would establish a fixed 9 percent LIHTC rate for new rental construction property and a fixed 4 percent LIHTC rate for existing property. The bill would apply to buildings placed in service after Dec. 31, 2014.  

Tune into the March 3 Tax Credit Tuesday podcast to learn more about the bill.

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