Low Income Housing Tax Credit.

Dear Mr. Shaw:

Thank you for contacting me regarding the Low Income Housing Tax Credit. I share your concerns about the availability of safe and affordable housing in Florida.

The Low Income Housing Tax Credit program provides an incentive for the investment of private equity into affordable housing for low-income Americans. Over the past 22 years, the Low Income Housing Tax Credit program has helped to create more than 2 million affordable apartments for low-income families.

I believe we must act to help those most at-risk in this receding economy. That is why I voted for HR.1, the American Recovery and Reinvestment Act of 2009. This legislation, also known as the economic stimulus package, includes a $2.2 billion investment in the low-income housing tax credit program to be made available to State housing agencies. These funds will offer an additional incentive for the creation of more affordable housing in Florida.

I will keep your views in mind as we continue to find solutions that address the economic difficulties facing Florida and the nation. Please don’t hesitate to contact me again.

Sincerely,
Senator Bill Nelson

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2 Comments to “Low Income Housing Tax Credit.”

  1. What about tax credit apartment housing program oversight and accountability? See website http://www.not-hud-compliant.spaces.live.com. Thanks.

  2. Why did you vote to give money to a program that is so obviously corrupt and fraudulent? See the Youtube broadcast on Tax Credit Apartments HUD compliance Problems http://www.youtube.com/watch?v=yBy138OqYkU.

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