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New Rules for Management of Low-Income Housing Partnership Interests  


Author:  James D. Goeller.; Kenneth R. Astle.


Source: Volume 23, Number 01, September/October 2009 , pp.46-49(4)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

Financial services companies have long been using investments in low-income housing tax credit partnerships to meet CRA requirements. In the current environment, the realization of cash generated by low-income housing tax credits may be limited. However, as a result of 2008 tax law changes, the applicable credit recapture provisions are less onerous, potentially making such investments more liquid.

Keywords: Low-income housing partnerships; Community Reinvestment Act; CRE credit

Affiliations:  1: Perry-Smith LLP; 2: Perry-Smith LLP.

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