Spring 2012 issue of Horizons

Real Estate

President’s Budget Proposal Includes Tax Credit Implications By Bryan Keller, CPA

Most promising is that these housing-related items will likely receive serious consideration going forward given the great need to create jobs and provide quality, affordable housing. There are four proposed changes related to the low- income housing tax credit program (LIHTC).

In February, the Obama Administration introduced a fiscal year 2013 budget that includes provisions related to federal low-income housing, new markets and renewable energy tax credits. Although this budget is not likely to pass through Congress, it is promising and demonstrates that the efforts of many industry advocates have made an impact in educating the government on the long-term values of these programs.

Income Mix One modification would provide for a greater income mix within LIHTC projects through a third income

Raise Your Expectations

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