Housing, Community Development Groups Form Coalition to Support Home-ownership Tax Credit Program

Thursday, January 24, 2002 - 1:45AM

Twenty-six housing and community development groups have formed the Community Homeownership Credit Coalition to support the enactment of a homeownership tax credit program that would increase the supply of affordable homes for sale. The community homeownership tax credit program, which would be modeled after the federal low-income housing tax credit program, was included in the Bush administration’s fiscal year 2002 budget proposal. Coalition members include: the National Association of Realtors, the Mortgage Bankers Association of America, the National Association of Home Builders, the National Association of Local Housing Finance Agencies and the National Council of State Housing Agencies.

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