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Combating Financial Fraud by Educating Homeowners

WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) -- Combating financial fraud is one of the top priorities of the Department of Justice under the leadership of Attorney General Eric Holder. Two and a half years ago, President Obama created the Financial Fraud Enforcement Task Force, a multi-agency coalition of federal and state officials, chaired by Attorney General Holder, to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force has enhanced enforcement and prevention efforts involving many types of financial fraud.

Recent Gov & Nonprofit Real Estate Press Releases

Carey, Panetta Introduce the Affordable Housing Credit Carryback Act

Last week, U.S. Reps. Mike Carey (R-OH-15) and Jimmy Panetta (D-CA-19) introduced H.R. 9012, the Affordable Housing Credit Carryback Act to strengthen the Low-Income Housing Tax Credit (LIHTC). This legislation will change the LIHTC carryback period from one year to five years, which will increase the uptake of these important credits and spur more investment in affordable housing production.