Middlesex County Supports More Jobs and Homes

Legislation Would Increase Disaster Allocations for LIHTC

Middlesex County Supports More Jobs and HomesOn September 12, 2013, the Middlesex County Board of Freeholders passed a resolution supporting HR 2137, the Hurricane Sandy Tax Relief Act.

The Middlesex County Freeholders join:

Among other things, the legislation would provide an increased disaster allocation of Low-Income Housing Tax Credits (LIHTC) by increasing the per capita rate to $8, providing $250 million in New Markets Tax Credits (NMTC) and providing tax-exempt bonds for Sandy-impacted areas.

Almost a year after Sandy, our work must continue as cities and counties approve their resolutions and with the blank slate federal tax reform potentially targeting the LIHTC.

Click here to view the list of signers.

Click here to read the letter with singers.

Click here to read HR2137.

Click here to read the resolution.

Representative Bill Pascrell along with Congressmen Frank LoBiondo and Rodney Frelinghuysen and eight other members of the NJ delegation sponsored HR2137.

In addition to the three NJ congressional sponsors, eight of the co-sponsors are from NJ.