WASHINGTON -- WASHINGTON, March 10 /PRNewswire/ -- The National Association of Home Builders (NAHB) reaffirmed its support for the President's economic growth package following a report released today by the Mortgage Bankers Association of America claiming that the plan will provide a significant short-term boost to economic growth and may actually have a positive effect on the Low Income Housing Tax Credit
Other projects by the company include Low Income Housing Tax Credit
Program (LIHTC), which uses tax credits to build and/or rehabilitate low- to moderate-housing developments, which are based on income.
The two principal tools used to launch affordable assisted living projects are the federal Low Income Housing Tax Credit
(LIHTC) and tax-exempt bond financing, typically referred to as indirect subsidies.
The Low Income Housing Tax Credit
, which offers breaks to private investors who become involved in poor areas, has had a similar effect since it was passed in '86.
In addition to the matters previously disclosed that required the restatements, the Company has concluded, among other things, that it will be required to consolidate substantially all of the low income housing tax credit
equity funds it has interests in.
She was directly responsible for the development, implementation and administration of the Low Income Housing Tax Credit
The pool is collateralized by 100% low income housing tax credit
(LIHTC) multifamily properties.
NEW YORK -- CharterMac (the "Company") (NYSE: CHC) today announced that its subsidiary, CharterMac Capital LLC ("CharterMac Capital"), closed three low income housing tax credit
("LIHTC") funds totaling nearly $386 million during the third quarter of 2006.
NAHB created the HCCP designation 1998 as a way to recognize the specialized skills and expertise needed to own and manage affordable housing developed under the auspices of the federal Low Income Housing Tax Credit
Chemical's investment in affordable housing is made possible through the federal Low Income Housing Tax Credit
CCP 32, which is expected to be comprised of equity investments in approximately 25 low income housing tax credit
properties located throughout the United States, was sold to seven institutional investors.
This housing is a testament to the efficacy of the now-permanent Low Income Housing Tax Credit
, the primary federal tool for producing affordable housing.