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Also tagged in: Administrative procedure, Affordable housing, Bonds, Budgets, Department of the Treasury, Disaster relief, Emergency management, Executive departments, Families, Federal aid to housing, Finance, Housing, Income tax, Law, Low-income housing, Minimum tax, Mortgages, Real estate appraisal, Rental housing, Residential rehabilitation, Rural affairs, Rural housing, Single-parent families, Tax credits, Tax exemption, Taxation, Veterans, Veterans' loans, Welfare
Latest Action: 02/25/2008 - Sponsor introductory remarks on measure. (CR S1139-1140) Bill TextA bill to amend the Internal Revenue Code of 1986 to encourage investment in affordable housing, and for other purposes. 2/25/2008--Introduced. Affordable Housing Investment Act of 2008 - Amends the Internal Revenue Code to revise and enhance tax incentives for investment in affordable housing, including by: (1) renaming the low-income housing tax credit as the affordable housing credit; (2) revising the applicable percentage rates for such credit; (3) increasing the amount of such credit for low-income buildings that are part of state-designated projects; (4) revising rules for the treatment of scattered site and rural residential rental housing projects; (5) permitting affordable housing credits for federally-assisted moderate rehabilitation developments; (6) allowing an offset against alternative minimum tax liability for affordable housing tax credit amounts; (7) exempting interest on certain exempt private activity bonds, qualified mortgage revenue bonds, qualified veterans' [...] show full description
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Latest Legislation - View All
Also tagged in: Administrative procedure, Affordable housing, Bonds, Budgets, Department of the Treasury, Disaster relief, Emergency management, Executive departments, Families, Federal aid to housing, Finance, Housing, Income tax, Law, Low-income housing, Minimum tax, Mortgages, Real estate appraisal, Rental housing, Residential rehabilitation, Rural affairs, Rural housing, Single-parent families, Tax credits, Tax exemption, Taxation, Veterans, Veterans' loans, Welfare
Latest Action: 02/25/2008 - Sponsor introductory remarks on measure. (CR S1139-1140) Bill TextA bill to amend the Internal Revenue Code of 1986 to encourage investment in affordable housing, and for other purposes. 2/25/2008--Introduced. Affordable Housing Investment Act of 2008 - Amends the Internal Revenue Code to revise and enhance tax incentives for investment in affordable housing, including by: (1) renaming the low-income housing tax credit as the affordable housing credit; (2) revising the applicable percentage rates for such credit; (3) increasing the amount of such credit for low-income buildings that are part of state-designated projects; (4) revising rules for the treatment of scattered site and rural residential rental housing projects; (5) permitting affordable housing credits for federally-assisted moderate rehabilitation developments; (6) allowing an offset against alternative minimum tax liability for affordable housing tax credit amounts; (7) exempting interest on certain exempt private activity bonds, qualified mortgage revenue bonds, qualified veterans' [...] show full description
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