Massachusetts is facing a housing crisis similar to the rest of the country. Affordable housing developers that have already received tax credit allocations have run into great difficulties in securing necessary investors because of the economic downturn. There is now strong national consensus that the pending American Recovery and Reinvestment Act can go a long way towards fixing this short-term problem by adopting four temporary measures.
Please click here to read the national sign-on letter for the Low Income Housing Tax Credit program signed by CHAPA and other national housing organizations.