Updated: LIHTC Study Out, Argues for 5 Year Carryback.

Update: State specific fact sheets showing projected impacts are now available from the rentalhousingaction.org website; the Oregon fact sheet is HERE.
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Courtesy of Novogradac.com

A study by Ernst & Young (E&Y) and commissioned by Enterprise Community Partners, Inc. and Local Initiatives Support Corporation (LISC) has confirmed that LIHTC investment activity has fallen dramatically in the last two years but would increase significantly in the near term if Congress enacted legislation allowing a five-year carryback of LIHTCs instead of the current one-year carryback.

This would amount to $5 billion more of investment nationally through 2011. The study was undertaken to gain a better understanding of the LIHTC investment market and to analyze investor response to certain legislative proposals, including the five-year carryback. The Affordable Housing Tax Credit Coalition, Enterprise Community Partners Inc., LISC, the Affordable Housing Investors Council and E&Y worked for several months to produce the report.

Originally created and posted on the Oregon Housing Blog.