Fate of Affordable Housing Trust Fund TBD

WASHINGTON, DC-The National Housing Trust Fund, established in 2008 but still languishing in Congress for want of funding, may be remaining on the sidelines for another legislative session. Right now it is part of the Senate’s extender bill–a bill better known to the commercial real estate industry as the vehicle that could still usher in a change in carried interest tax characterization.

But while the real estate industry is dreading passage of an extender bill that has been altered to include a carried interest provision, affordable housing advocates are dreading another possibility: that the extender bill won’t pass at all. If it doesn’t, Sheila Crowley, president of the National Low Income Housing Coalition, tells GlobeSt.com, the NHTF will remain in limbo. “And we will go back to the drawing board to figure out how to make it work.”