The Low Income Housing Tax Credit Program (LIHTC) has struggled since the economic downturn. Several affordable housing projects came to a stop when the investor pool dried
up and developers struggled to restructure deals. Congress tried to address some of the
problems in the America Reinvestment and Recovery Act (ARRA), last year’s stimulus bill,
with gap financing and tax credit exchange programs. Now Congress is poised to take up
new legislation to try to stimulate the LIHTC program to spur development and jobs. Read Full Article