SCANPH now provides the following new Policy Briefs on Low Income Housing Tax Credits (LIHTC) Fact Sheet and Federal Policy Snapshot for June 3, 2010.
LOW INCOME HOUSING TAX CREDITS (LIHTC)
The Low Income Housing Tax Credits (LIHTC) Program is based on Section 42 of the Internal Revenue Code, which was enacted by Congress in 1986 to provide the private market with an incentive to invest in affordable rental housing. The program is an indirect Federal subsidy used to finance the development of affordable rental housing for low-income households.
Please download our new complete fact sheet on LIHTCs at http://www.scanph.org/files/lihtc_factsheet.pdf or this link.
FEDERAL POLICY SNAPSHOT FOR JUNE 3, 2010
Updates on HR 4213, American Jobs and Closing Tax Loopholes Act, S 3326, Job Creation and Housing Act of 2010 (Cantwell), and S 3141, Low Income Housing Tax Credit Recovery Act of 2010 (Bingaman).
Please download our new Federal Policy Snapshot of June 3, 2010 at http://www.scanph.org/files/fedsnapshot.pdf or this link.
Take Action on on redevelopment and help protect housing funds now!
In continuing efforts to increase access to supportive housing for high utilizers of public health resources, and maximize the efficient use of scarce public resources, City and County Departments issued the first collaborative Notice of Funding Availability (NOFA) last month.
