Tax Credit for Affordable Homeownership

Resolved that NAHB urge Congress to provide tax credits for investors who make eligible housing investments covering the acquisition and substantial rehabilitation of existing housing and the construction of new housing to expand homeownership opportunities in targeted areas without diluting existing tax credit programs, and

Further resolved that any allocation agency must not give scoring or allocation preference to any entity based on its tax status, that the resulting reservation of funds allow for at least a 24-month construction cycle and that the allocating agency may not charge a fee in excess of the current allowed as eligible basis.

Resolution originally adopted: 2000.1, Resolution No. 5

Committee with primary jurisdiction:

• Federal Government Affairs Committee