Recent Features

Updated LIHTC Infographic Factsheets Available Now

September 13th, 2014

As part of our ongoing efforts to provide you with the most effective tools for advocating for the preservation, expansion and improvement of the Housing Credit,new infographic fact sheets showing the impact of the Low-Income Housing Tax Credit in every state and congressional district are now available on our website and on the ACTION website.

AHTCC’s Marketing and Communications committee worked with the ACTION campaign to create this useful resource for our members, with updated messaging and a visually compelling design to communicate the incredible results of the Housing Credit in communities nationwide.

The infographic fact sheets use the latest data available on the number of affordable apartments built or preserved from the National Council of State Housing Agencies’ 2012 Factbook and HUD’s National Low Income Housing Tax Credit database. Using economic impact multipliers from the National Association of Home Builders, they also include estimates from the number of jobs supported and local income and tax revenue generated.

LIHTC Lawsuit Filed

August 29th, 2014

Linked here is a complaint in a lawsuit filed recently in US District Court in Texas by Inclusive Communities Project, Inc. (the plaintiff in the Texas Department of Housing and Community Affairs fair housing suit from a couple years ago) against the United States Treasury Department and Office of the Controller of the Currency (the federal agency which regulates national banks), alleging that these agencies’ administration of the LIHTC program promotes the placement of LIHTC units in predominantly minority communities and promotes racial segregation in the Dallas, Texas area.  The plaintiffs are seeking injunctive relief against the agencies to regulate the program in a way that would end these practices and which would require that profits from tax credit investments and income from debt investments by banks be devoted in part of housing mobility counseling services.  The plaintiffs have done a lot of homework and cite a substantial amount of evidence; of course, this is their complaint and it’s only their side of the story.  The defendant agencies have yet to file their reply and it will likely be several weeks or months before a response is submitted to the court.   The judge assigned to the case is familiar with these issues, having issued a ruling in favor of the plaintiffs in the TDHCA fair housing case.

AHTCC’s legal counsel has briefly reviewed the case. Although the suit is centered on the Dallas area, because the suit is against two federal agencies, this has the potential of having national implications.   It’s way too early to predict any outcomes here, but this is something that we will have to keep an eye on.  In addition, this could get the attention of Congress, particularly Members from Texas.  This is a matter that will likely be discussed among state housing credit agencies and within the industry as a whole.

As always, the Coalition welcomes your thoughts on this matter.  We will try to keep you posted as this lawsuit moves through the judicial process.

AHTCC Releases New Strategic Plan

August 19th, 2014

The AHTCC Board has approved a new strategic planning document which highlights increased focus on advocacy efforts and targets for social media and increasing general member engagement. Most important, the document more clearly defines the AHTCC’s mission and strategic goals for 2014:

Mission Statement: 

AHTCC is a trade organization of housing professionals whose primary purpose is advocacy for production and preservation of affordable rental housing financed using the Low-Income Housing Tax Credit (Housing Credit).  Our goal is the preservation, expansion and improvement of the Housing Credit and complementary programs through legislative outreach and education.  Our members include Syndicators, Investors, Lenders, Developers, Legal and Accounting Professionals and State Allocating Agencies.

Strategic Goals for 2014:

  1. Contribute to the dialogue on Tax Reform and Expansion of the Housing Credit.
  2. Increase congressional support of the Housing Credit.