Rep. Sánchez Introduces Bill to Combat Housing Crisis, Spur Job Growth

WASHINGTON DC – February 25, 2010 – (RealEstateRama) — Rep. Linda Sánchez, Member of the House Ways and Means Committee, introduced a bill today that would bolster the development of low-income housing. The Low-Income Housing Tax Credit Exchange Expansion and Job Creation Act of 2010 would promote the development of low-income housing by allowing investors to exchange otherwise unusable low-income housing tax credits for cash to be put toward the development of this housing.