Efforts Continue in Support of Bush Growth Package
Continuing its efforts in support of President Bush’s economic growth package, NAHB last week outlined several approaches that might enhance the plan so that all segments of the housing sector would continue to help lead the economy forward.
On March 18, NAHB First Vice President Bobby Rayburn appeared before the House Oversight and Investigations Subcommittee of the Financial Services Committee to propose exploring ways to ensure that low-income housing programs maintain their effectiveness.
Rayburn said that a number of approaches were worth further study to avoid any potential harm to the Low-Income Housing Tax Credit. Generating more than 115,000 rental units annually, the credit is the nation’s leading affordable housing production program.
Among proposals he said were worth further consideration: