The new Foreclosure Relief and Prevention Act includes numerous changes to the tax credit program that are good news for affordable housing.

The new landmark federal legislation known as the Foreclosure Relief and Prevention Act includes major changes to the low-income tax credit program that fuels affordable housing. On this episode, Ronne Thielen, President of the Affordable Housing Tax Credit Coalition and Managing Director of Centerline Capital Corporation, explains the basics of the tax credit program, the changes that have now been passed, how the current financial market impacts tax credits, and how new provisions will make it easier to build and manage tax credit properties.