Recent News
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released an outline of policies to preserve and expand affordable housing that he will push to have included in the next round of COVID-19 relief legislation–including several provisions related to the low-income housing tax credit (LIHTC).
Gov. Henry McMaster signed into law legislation creating a South Carolina state low-income housing tax credit (LIHTC). The Workforce and Senior Affordable Housing Act ( H.B. 3998) creates a state LIHTC equal to the amount of the federal LIHTC received by a taxpayer for properties placed in service between Jan. 1, 2020, and Dec. 31, 2030.
The Office of the Comptroller of the Currency (OCC) today published a final rule amending Community Reinvestment Act (CRA) regulations, six weeks after the comment period closed on the proposed rule, which received more than 7,500 comments.
Oklahoma Gov. Kevin Stitt vetoed legislation that would have cut the state’s low-income housing tax credit (LIHTC) annual allocation by half. S.B. 2760 would have reduced the annual allocation amount for state LIHTCs from $4 million to $2 million, retroactive to Jan. 1. Stitt’s veto keeps the allocation amount at $4 million.
A bill on the desk of Oklahoma Gov. Kevin Stitt would reduce the annual state low-income housing tax credit (LIHTC) amount by half. S.B. 2760 would cut the annual allocation of Oklahoma state LIHTCs from $4 million to $2 million and would be effective retroactive to Jan. 1. The legislation passed the House by a 59-41 vote and the Senate by a 25-20 vote.
