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
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
Mar 22

AHTCC Applauds Representatives Tiberi and Neal for Leadership in Strengthening the Low-Income Housing Tax Credit to Address America’s Growing Housing Affordability Challenges

  • March 22, 2017
  • 2017 News, Affordable Housing Credit Improvement Act (AHCIA), Housing Credit

The Affordable Housing Tax Credit Coalition (AHTCC) commends Representative Pat Tiberi (R-OH-12) and Ways and Means Committee Ranking Member Richard Neal (D-MA-1) for their leadership in introducing yesterday the Affordable Housing Credit Improvement Act of 2017 (H.R. 1661).

The bipartisan bill to strengthen the Low-Income Housing Tax Credit (Housing Credit), which is responsible for the creation and preservation of nearly all affordable rental homes nationwide, is companion legislation to S. 548, which Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced earlier this month to strengthen and expand the Housing Credit.

The comprehensive House bill would provide increased flexibility, simplify program requirements, make the financing of affordable housing more predictable and streamlined, support the preservation of existing affordable housing, and facilitate Housing Credit development in challenging markets, like rural and Native American communities, and for hard-to-reach populations, including those with extremely low incomes. The legislation also contains important provisions that would support development of rental homes using the Housing Credit coupled with multifamily Housing Bonds, which currently provide critical financing to roughly 40 percent of Housing Credit apartments.

AHTCC also thanks for their bipartisan leadership and support the following 16 other original co-sponsors, including 13 members of the House Ways and Means Committee: Carlos Curbelo (R-FL-26), John Faso (R-NY-19), John Katko (R-NY-24), Mike Kelly (R-PA-3), Patrick Meehan (R-PA-7), Erik Paulsen (R-MN-3), David Reichert (R-WA-8), James Renacci (R-OH-16), Jason Smith (R-MO-8), Earl Blumenauer (D-OR-3), Joseph Crowley (D-NY-14), Danny Davis (D-IL-7), Gregory Meeks (D-NY-5), Bill Pascrell (D-NJ-9), Linda Sanchez (D-CA-38), and Mike Thompson (D-CA-5).

“The Low-Income Housing Tax Credit is a vital and effective tool to address the affordable housing crisis in America,” Representative Tiberi said in a statement. “…It is a great example of how the private sector can work with government to help families, individuals and seniors find a safe and decent place to live and call home.”

Representative Neal added, “The Low-Income Housing Tax Credit is a powerful tool for leveraging private investment for affordable housing…I’m pleased to once again be teaming with my colleague, Pat Tiberi, to further strengthen the Housing Credit program – and I call on my colleagues to support these commonsense reforms.”

AHTCC looks forward to working with Representatives Tiberi and Neal, Congress, and the Administration to advance the Affordable Housing Credit Improvement Act this year as a significant step toward strengthening our economy and communities, while addressing America’s growing affordable housing challenges.

 

  • Facebook
  • Twitter
  • Tumblr
  • Pinterest
  • Google+
  • LinkedIn
  • E-Mail

Comments are closed.

NEWS BY TOPIC

  • Advocacy Resources
  • Affordable Housing Credit Improvement Act (AHCIA)
  • AHTCC Meetings and Events
  • AHTCC Organizational Update
  • Charles L. Edson Tax Credit Excellence Awards
  • Community Reinvestment Act (CRA)
  • COVID-19 Response
  • Housing Credit
  • News by Year
    • 2014 News
    • 2015 News
    • 2016 News
    • 2017 News
    • 2018 News
    • 2019 News
    • 2020 News
    • 2021 News
  • Regulatory Issues
  • Tax Resources

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

  • The AHTCC Remembers Fred Copeman
  • IRS Issues Housing Credit Relief in Response to COVID-19 Crisis

AHTCC ON TWITTER

Retweet on TwitterAHTCC Retweeted
20 Jan

With a new Administration sworn in and Democrats taking control of the Senate today, the implications for affordable housing are huge. ICYMI, our outlook here: ... https://www.taxcreditcoalition.org/new-congress-and-administration-present-opportunities-for-affordable-housing/

Load More...

CONTACT

1900 M Street NW, 3rd Floor
Washington, DC 20036
202-935-0977
info@taxcreditcoalition.org

JOIN AHTCC

FIND HOUSING

© 2020 The Affordable Housing Tax Credit Coalition