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NEW YORK PASSES BUDGET, EXTENDS LIHTC

Thursday, March 31, 2011 - 8:00AM

The New York Legislature and Gov. Andrew Cuomo passed a 2011-2012 state budget early this morning. The $132.5 billion budget includes several tax credit provisions. Among other things, New York’s budget bill extends the low-income housing tax credit by $4 million in aggregate credit awards, raising the total amount of credits to be awarded to $40 million.

To learn more about affordable housing issues affecting New York, register for the New York State Association for Affordable Housing's (NYSAFAH's) 12th Annual New York State Affordable Housing Conference on May 12.

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