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The Affordable Housing Tax Credit Coalition The Affordable Housing Tax Credit Coalition
  • ABOUT
    • About the AHTCC
    • AHTCC Members
    • AHTCC Leadership
    • Contact Us
    • Finding Housing
  • ADVOCACY
    • Affordable Housing for Veterans
    • COVID-19 Response
    • The Housing Credit
    • Legislation
    • Regulatory Issues
    • Resident Stories
    • AHTCC Legislative Priorities
  • AWARDS
    • Charles L. Edson Tax Credit Excellence Awards
    • Champion of Affordable Housing Award
    • David Reznick Lifetime Achievement Award
  • GALLERY
  • EVENTS
  • NEWS
  • VETERANS
  • JOIN AHTCC
Apr 16

ACTION Campaign Submits Comments to Senate Finance Committee Community Development and Infrastructure Working Group

  • April 16, 2015
  • 2015 News, Housing Credit

On Wednesday, April 15, 2015, the A.C.T.I.O.N. Campaign submitted the below-linked comments to the Senate Finance Committee’s Community Development and Infrastructure Tax Reform Working Group.  The Working Group has jurisdiction over the Housing Credit program for purposes of making tax reform recommendations to the full Senate Finance Committee. AHTCC has been working closely with both the Working Group and the A.C.T.I.O.N. Campaign to ensure the Housing Credit program isn’t harmed through tax reform efforts.

Specifically, the A.C.T.I.O.N. Campaign’s comments urge the Working Group to:

  • Protect the existing Housing Credit and Housing Bond Resources:
    • Preserve the 9 percent and 4 percent Housing Credits,
    • Retain the multifamily housing private activity bonds tax exemption,
    • Maintain the current 27.5 year depreciation period for Housing Credit properties, and
    • Make adjustments to offset the impact a lower corporate tax rate would have on the Housing Credit should Congress reduce the corporate tax rate.
  • Expand Housing Credit Resources by an amount that makes significant progress towards meeting the affordable housing needs of low-income families.
  • Provide states with flexibility to maximize Housing Credit resources:
    • Enact permanent minimum Housing Credit rates, and
    • Allow broader income mixing within developments.
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The Affordable Housing Tax Credit Coalition is a trade organization of housing professionals who advocate in support of the Low-Income Housing Tax Credit

LATEST NEWS FROM AHTCC

  • IRS Issues Housing Credit Relief in Response to COVID-19 Crisis
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Retweet on TwitterAHTCC Retweeted
16 Jan

The IRS just issued long-awaited guidance to extend Housing Credit deadlines and provide other flexibilities in light of the COVID-19 pandemic. Initial IRS relief expired at the end of 2020, and new ... notice extends through Sept 2021 and later. Our summary: https://www.taxcreditcoalition.org/irs-issues-housing-credit-relief-in-response-to-covid-19-crisis/

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