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LIHTC CARRYBACK PROPOSAL INTRODUCED IN HOUSE

Wednesday, November 18, 2009 - 8:00AM

Rep. Bill Pascrell, D-N.J., a member of the House Ways and Means Committee, today introduced a bill that includes a two-part proposal that would increase the existing carryback for the low-income housing tax credit (LIHTC). The two-part carryback provision is one of three consensus proposals developed by the Affordable Rental Housing A.C.T.I.O.N. (A Call To Invest in Our Neighborhoods) Campaign. A copy of Rep. Pascrell’s bill will be posted online at the Affordable Housing Resource Center as soon as the text becomes available.

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