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Durham Seeking Nonprofit Applicants for Permanent Housing Funds

DURHAM, N.C. - November 21, 2012 - (RealEstateRama) -- Durham affordable housing nonprofits serving chronically homeless individuals should take note that additional federal funding is available and that the City of Durham is seeking applicants for it

Recent Gov & Nonprofit Real Estate Press Releases

Carey, Panetta Introduce the Affordable Housing Credit Carryback Act

Last week, U.S. Reps. Mike Carey (R-OH-15) and Jimmy Panetta (D-CA-19) introduced H.R. 9012, the Affordable Housing Credit Carryback Act to strengthen the Low-Income Housing Tax Credit (LIHTC). This legislation will change the LIHTC carryback period from one year to five years, which will increase the uptake of these important credits and spur more investment in affordable housing production.