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SUBCOMMITTEE ON SELECT REVENUE MEASURES TO HOLD HEARING ON LIHTC, TEB, REHABILITATION CREDIT

Thursday, May 17, 2007 - 7:30AM

House Ways and Means Select Revenue Subcommittee Chairman Richard Neal, D-Mass., today announced a May 24 hearing on certain tax incentives for affordable housing, including the low-income housing tax credit (LIHTC), section 142 tax-exempt bonds (TEBs), and the section 47 rehabilitation credit. The hearing will focus on ways to simplify and modify certain low-income housing programs that are established in the Internal Revenue Code and in programs administered by the U.S. Department of Housing and Urban Development (HUD) to ensure greater efficiency and better coordination of federal housing programs. Oral testimony will be limited to members of the House. Individuals and organizations may submit written statements for consideration by the committee and for inclusion in the printed record of the hearing. Novogradac & Company LLP will send a follow-up email when the complete invited witness list is released.

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