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PRESIDENT BUSH SIGNS HOUSING STIMULUS BILL INTO LAW

Wednesday, July 30, 2008 - 7:30AM

President George W. Bush this morning signed into law H.R. 3221, the Housing and Economic Recovery Act of 2008, the Associated Press reports. H.R. 3221 is a package of housing legislation approved by Congress last week that includes modifications to the low-income housing tax credit (LIHTC), rehabilitation tax credit and tax-exempt bond programs, as well as a temporary LIHTC cap increase and numerous other provisions designed to bolster the housing and financial markets.
To learn how this new law will impact both existing and future LIHTC projects, join Novogradac & Company on August 12 for the Affordable Housing Webinar on the 2008 Housing Act. This webinar will summarize the LIHTC provisions contained in the Housing and Economic Recovery Act of 2008 and discuss the many unanswered questions posed by the new law.

These topics will also be discussed at the 15th Annual San Francisco Affordable Housing Conference on September 9-11.

Click here for access to summaries of the new law, as well as analysis from the Journal of Tax Credit Housing and other resources.

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