1. Enact the Affordable Housing Credit Improvement Act (S. 548 and H.R. 1661), comprehensive legislation which includes roughly two dozen improvements to the Housing Credit and Housing Bonds that would make these tools more streamlined, flexible, and better able to serve a wider range of populations and communities. We applaud Congress for enacting some key provisions from the Affordable Housing Credit Improvement Act in March of 2018 and will continue our efforts to advance this legislation.
2. Seek opportunities to further strengthen and increase investment in the Housing Credits. This may include proposals to counteract effects of provisions in the Tax Cuts and Jobs Act, such as the lower corporate tax rate and the Base Erosion Anti-abuse Tax, on Housing Credit investment.
3. Engage with the Administration and Congress to identify opportunities to support affordable housing in other legislation that may advance in 2018, including infrastructure investments and housing finance reform. We will work to strengthen affordable housing in any changes to regulations, such as those related to the Community Reinvestment Act.
4. Educate Members of Congress, their staff, and the Administration on the importance of the Housing Credit and Multifamily Housing Bonds, through meetings in Washington, DC, and through local outreach and site visits. We will also defend the Housing Credit and Housing Bonds against misperceptions.
5. Equip AHTCC members and other affordable housing stakeholders to be effective advocates for the Housing Credit and Housing Bonds through efficient and timely communication, legislative updates, and advocacy materials.