Resolved that NAHB urge Congress to amend the passive loss rules contained in Section 469 of the Internal Revenue Code in order to expand the Low Income Housing Tax Credit investor base to individual investors — including owners of S corporations, LLC’s, partnerships and closely-held C corporations.
Further resolved that resolved that NAHB urge Congress to amend the Internal Revenue Code in order to stabilize the corporate investment market, ensure their ability to use housing credits and expand the pool of corporate investors overall.
Resolution originally adopted: 2009.5, Resolution No. 11
Committee with primary jurisdiction:
- Multifamily Council Board of Trustees