![The Affordable Housing Tax Credit Coalition [main graphic] A group of developers, syndicators, lenders, nonprofit groups, public agencies, and others concerned with the low-income housing tax credit.](/images/feature_graphics/feature15.jpg?1147966412)
On October 10, 2007 the Coalition signed onto an industry letter expressing concern over proposed Section 8 project-based voucher funding levels.
The letter, delivered to both the Senate and House Appropriations Subcommittees on Transportation, Housing and Urban Development, and Related Agencies, the letter was signed by 50 organizations representing all facets of the affordable housing industry.
The letter asserts "if Congress fails to provide a full year's funding for Section 8 it's a 'lose-lose-lose' situation: owners will chose the unregulated private market and the federal investment in this housing will have been squandered; residents will be displaced; and communities will suffer the loss of an essential source of affordable housing." The letter goes on to encourage the Committees to support sufficient funding for 12 months of all Section 8 project-based vouchers in FY'08.
Joining AHTCC on the letter were industry participants including: Enterprise Community Investment, Inc., MMA Financial, National Equity Fund, SunAmerica Housing Partners, Ohio Capital Corporation for Housing, Homes for America, Mercy Housing, Local Initiatives Support Corporation, and the National Council of State Housing Agencies.
A complete copy of the letter is linked below.
