Thursday, November 29, 2012

LIHTC in Jeopardy - Lihtc, Legislation via Housing Finance

The low-income housing tax credit (LIHTC) has less than a 50 percent chance of survival next year if the affordable housing industry does nothing, said Terri Ludwig, president and CEO of Enterprise Community Partners.

Ludwig sounded the alarm to several hundred developers attending the AHF Live conference in Chicago.

Others have warned that the mighty LIHTC could be eliminated as Congress sets its eyes on tax reform, but Ludwig went further and laid down some tough odds.

She no doubt meant her statement to be a call to arms for the affordable housing industry, the odds something that developers would not be willing to chance.

Read more...LIHTC in Jeopardy - Lihtc, Legislation - Housing Finance

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