H.R.1491 - Affordable Housing Preservation Tax Relief Act of 2007 Sponsor: Artur Davis / 110th Congress

H.R.1491 - Affordable Housing Preservation Tax Relief Act of 2007 _{Sponsor: Artur Davis / 110th Congress}

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Provdies More Affordable Housing

Title

110th Congress - To amend the Internal Revenue Code of 1986 to provide an incentive to preserve affordable housing in multifamily housing units which are sold or exchanged. hidemore...

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Affordable Housing Preservation Tax Relief Act of 2007

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Summary

To amend the Internal Revenue Code of 1986 to provide an incentive to preserve affordable housing in multifamily housing units which are sold or exchanged. (by CRS)

Status

The bill has been introduced.

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Contribution data provided by the Center for Responsive Politics (OpenSecrets.org)

Comments

Provdies More Affordable Housing by Peter Volberding, Jun 30, 2008 (11:32pm)

HR 1491 aims to create more affordable housing units, and keep more of them affordable when they are resold. This has broad support from agencies and organizations that promote affordable housing, but also from real estate agents, mortgage providers, and builders, mainly because of the incentives.

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