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HELP URGED TO SUPPORT LIHTC PROVISIONS FOR RECOVERY BILL

Friday, January 16, 2009 - 8:00AM

The House version of an economic recovery bill was released yesterday and despite initial hopes, the bill as it currently stands contains neither new federal support for the low-income housing tax credit (LIHTC) program nor new incentives to help the industry raise new investor capital. The Affordable Housing Tax Credit Coalition is currently reaching out to lawmakers about including the coalition's proposals in the forthcoming Senate version of the economic recovery package as well as reconsidering the proposals for future inclusion in the House version.

AHTCC is urging those in the LIHTC community to contact their Senators and Representatives immediately and ask that they support AHTCC's proposals. To assist supporters of the program in advocating on behalf of the LIHTC, the coalition has provided a copy of a joint letter that was written and cosigned by a number of LIHTC stakeholders, including the AHTCC, Enterprise Community Partners, Housing Advisory Group, Local Initiatives Support Corporation and the National Association of State and Local Equity Funds.

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