The Buzz: Filling the LIHTC Investment Gap: Will CRA Help or Hinder?
Date Published: 10/14/2008
Author: Buzz Roberts, LISC Senior Vice President for Policy
"The Buzz" on CRA, from the October 2008 issue of Novogradac Journal of Tax Credit Housing.
The Community Reinvestment Act (CRA) has for 20 years been an important motivator for banks considering low-income housing tax credit (LIHTC) investments. But in the context of today's investment climate, a proposed CRA policy is making it hard to attract these new bank investors.
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This article first appeared in the October 2008 issue of the Novogradac Journal of Tax Credit Housing and is reproduced here with
the permission of Novogradac & Company LLP.
© Novogradac & Company LLP 2008 - All Rights Reserved.
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be used, by any taxpayer for the purpose of avoiding penalties under the Internal Revenue Code; nor is any such advice
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Topics: Housing, --Affordable Housing Finance & Development, Policy
Type: Trade Article