The Chronicle of Philanthropy
TAX WATCH

Coalition of Housing Groups Battles Ruling by Tax Agency

By Elizabeth Schwinn

Some nonprofit organizations that give down-payment assistance to home buyers are fighting an IRS ruling that says they may lose their tax-exempt status if the money for down payments is provided by the sellers of the homes.

An alliance of down-payment assistance groups, including AmeriDream in Gaithersburg, Md., and Nehemiah Corporation...

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