Senate Finance Committee Recovery Legislative Description Posted Prior to Mark Up Next Week; LIHTC Grant Provisions Not Included-Contact Wyden?

Explanation of revenue provisions of the proposed legislation, scheduled for committee markup on Tuesday January 27th, is available HERE.

News report indicate that the current Senate version of this legislation (House version now has a bill number H.R. 598) does NOT include the House version of the bill that would convert Low Income Housing Tax Credits into a grant. [LIHTC grants are found in Section 1711 of H.R.598].

ACTION OPPORTUNITY: Would be opportune moment to contact Senate Finance Committee member Ron Wyden (D.C. Office: (202) 224-5244) to let him know of your support for the addition of this provision in the markup session occurring on Tuesday, January 27th.

REQUEST: At $2.30 per capita, I project Oregon's 2009 LIHTC normal allocation would be $8,717,138.

However, I do NOT know how much that would translate into as a grant. If anyone DOES not, please feel free to add a comment with that amount and how you calculated it, or provide a weblink, if that is easier.