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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
Sep 02

AHTCC Joins 23 LIHTC Supporters on Letter Regarding HOME Funding

  • September 2, 2015
  • 2015 News, AHTCC Organizational Update

On September 2, AHTCC joined 23 organizations – all national for-profit and nonprofit corporations and associations that support the Housing Credit program – in co-signing a letter expressing concern about a proposed dramatic decrease in HOME program funding. The letter notes that while the Housing Credit has been successful at attracting private capital there are often soft-financing sources used to supplement equity raised through the Housing Credit program. HOME funding is often one of those sources. A significant cut to HOME funding would impact the amount of affordable housing being produced, “some proposed Housing Credit developments would not be financially feasible. Other Housing Credit developments would be more costly to complete because HOME funds will be replaced by more costly private loans.”

The full text of the letter is linked below.

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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

  • Biden Infrastructure Plan Calls for Housing Credit Expansion
  • AHTCC Testifies in IRS Hearing on Income Averaging Proposed Regulations

AHTCC ON TWITTER

25 Mar

Yesterday @EmilyCadik and @Michaeljgaber testified on behalf of the AHTCC in an IRS hearing on income averaging proposed regs. We're urging changes to restore full utilization of the income averaging ... flexibility and its benefits. Our summary here: https://www.taxcreditcoalition.org/ahtcc-testifies-in-irs-hearing-on-income-averaging-proposed-regulations/

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