An alliance of nonprofits that provide downpayment assistance have urged
Treasury secretary John Snow to suspend IRS Revenue Ruling 2006-27 and create an opportunity for public comment
on the impact the ruling will have on low- to moderate-income homebuyers, the housing industry and the national
economy.
The organizations said they united in response to a May 4 revenue ruling by the Internal Revenue Service that they
believe could result in preventing certain nonprofit organizations from providing downpayment assistance to low-
and moderate-income individuals and families who require help to purchase a home.
