Novogradac & Company Llp

Today is Tuesday, July 7th, 2009. This week we will discuss House Financial Services Committee Chairman Barney Frank's proposal to use TARP dividends to fund the Affordable Housing Trust Fund. We will also share a letter submitted by the Affordable Housing Tax Credit Coalition to Chairman Frank and Senate Banking Committee Chairman Chris Dodd regarding a rumored secondary market LIHTC transaction by Freddie Mac. And finally, we will consider the recent announcement that MuniMae will sell its LIHTC unit.