Sen. Brown Announces Bill to Extend and Enhance Low-Income Housing Tax Credit, Create Jobs

WASHINGTON, D.C. – August 14, 2013 – (RealEstateRama) — Today, U.S. Sen. Sherrod Brown (D-OH) announced that he is co-sponsoring legislation that would extend and enhance the Low-Income Housing Tax Credit (LIHTC) to help Ohioans build affordable housing developments and create jobs. The bill would extend the nine percent minimum credit for the construction or substantial rehabilitation of property, and establish a four percent minimum credit for acquisition of existing housing