The Subcommittee on Select Revenue Measures of the House Ways & Means Committee holds a hearing today on Tax Incentives for Affordable Housing. From the hearing announcement:
The hearing will focus on ways to simplify and modify certain low income housing programs which are established in the Internal Revenue Code and programs administered by the U.S. Department of Housing and Urban Development to ensure greater efficiency and better coordination of federal housing programs.
In connection with the hearing, the Joint Committee on Taxation has released Present Law for Certain Housing Tax Benefits (JCX-28-07)
This document, prepared by the staff of the Joint Committee on Taxation, provides a description of present law relating to the low-income housing credit (sec. 42), tax-exempt bonds for rental housing (sec. 142), and tax-exempt bonds for owner-occupied housing (sec. 143).
The hearing takes place at 10:00 a.m. in 1100 Longworth House Office Building. For a list of the scheduled witnesses, see below the fold.
- Michael J. Desmond (Tax Legislative Counsel, U.S. Department of the Treasury)
- Orlando J. Cabrera (Assistant Secretary, Office of Public and Indian Housing, U.S. Department of Housing and Urban Development)
- Shaun Donovan (Commissioner, Department of Housing Preservation and Development, New York)
- Olson Lee (Deputy Executive Director, City of San Francisco Redevelopment Agency, on behalf of the National Association of Local Housing Finance Agencies, San Francisco)
- Brian A. Hudson, Sr. (Executive Director and CEO, Pennsylvania Housing Finance Agency, on behalf of the National Council of State Housing Agencies)
- Jeffrey H. Goldstein (Executive Vice President and Chief Operating Officer, Director of Real Estate, Boston Capital, Boston)
- Jonathan F. P. Rose (President, Jonathan Rose Companies, New York)
- Benson F. Roberts (Senior Vice President for Policy and Program Development, Local Initiatives Support Corporation)
- Steve Lawson (The Lawson Companies, on behalf of the National Association of Home Builders, Virginia Beach)
- John Leith-Tetrault (President, National Trust Community Investment Corporation)
