Preservation Approval Process Improvement Act of 2007

[AI summary unavailable — showing source text] Preservation Approval Process Improvement Act of 2007 - Directs the Secretary of Housing and Urban Development to: (1) suspend mandatory processing of Previous Participation Certificates under the Automated Partners Performance System (APPS); and (2) permit paper filings of such certificates until the December 2006 draft of specified proposed regulations are revised and submitted for review to certain congressional committees. Instructs the Secretary also to suspend immediately all filing requirements under the Previous Participation Certificate process with respect to limited liability corporate investors who own or expect to own an interest in entities which are allowed or are expected to be allowed specified low-income housing tax credits under the Internal Revenue Code.…