Terry Harris Receives Housing Advocate of the Year Award
McKonly & Asbury Holds Spring Affordable Housing Seminar

Proposed Bill Includes LIHTC Carryback and Extends Exchange Program

Rules and regs Senator Maria Cantwell (D-WA) introduced legislation yesterday called the Job Creation and Affordable Housing Act (S. 3326). The bill would extend the Section 1602 Exchange Program for one year and increase the carryback period for low-income housing tax credits from one year to five years. Senator John Kerry (D-MA) and Senator Barbara Boxer (D-CA) co-sponsored the bill. A copy of the bill was not available at the time of this post.

To hear more about current legislation affecting the low-income housing tax credit industry, attend McKonly & Asbury’s Spring Affordable Housing Seminar on May 14, 2010.


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