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Thursday, August 2, 2012 - 7:00AM

An amendment to provide for a fixed 9 percent low-income housing tax credit (LIHTC) for allocations made through December 31, 2013 was approved by voice vote during a Senate Finance Committee hearing today. The vote means the amendment, cosponsored by Sens. Maria Cantwell, D-Wash., and Olympia Snowe, R-Maine, has been added to The Family and Business Tax Cut Certainty Act of 2012, a package of tax extenders that was the subject of the Finance Committee’s hearing.

To discuss what lies ahead for the LIHTC program, join Novogradac & Company at the 19th Annual Affordable Housing Conference, September 20-21, in San Francisco.  

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