- Not enactedThe President has not signed this bill
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Committee on Financial ServicesCommittee on Ways and MeansIntroducedFebruary 24th, 2010
- house Committees
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Low Income Housing Tax Credit Exchange Expansion and Job Creation Act of 2010
To provide grants to States for low-income housing projects in lieu of low-income housing credits.
Low Income Housing Tax Credit Exchange Expansion and Job Creation Act of 2010 - Directs the Secretary of the Treasury to make grants to: (1) state housing credit agencies in lieu of low-income credit allocations in 2010; and (2) states for bond-subsidized housing projects. Requires state housing credit agencies and states to use grants to make subawards to finance the construction or acquisition and rehabilitation of qualified low-income buildings. Requires the return of grant funds not used to make such subawards before January 1, 2012.