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The Affordable Housing Tax Credit Coalition The Affordable Housing Tax Credit Coalition
  • ABOUT
    • About the AHTCC
    • AHTCC Leadership
    • AHTCC Members
    • Contact Us
  • HOUSING CREDIT
    • About the Housing Credit
    • How It Works
    • Impact
      • Native Americans
      • Veterans
    • Resident Stories
    • Finding Housing
  • ADVOCACY
    • Advocate Today
    • AHCIA of 2021
    • Regulatory Issues
    • AHTCC Priorities
  • GALLERY
  • EVENTS
  • AWARDS
    • Charles L. Edson Tax Credit Excellence Awards
    • Affordable Housing Champion Award
    • David Reznick Lifetime Achievement Award
  • NEWS
  • JOIN
May 11

Biden-Harris Administration Calls on Congress to Invest in Building More Than 1 Million Affordable Homes to Combat Inflation

  • May 11, 2022
  • 2022 News, Housing Credit

Yesterday the Biden-Harris Administration released an overview of its plan to combat inflation on combating inflation, which included a call to Congress to invest in building more than 1 million affordable homes, “including through a set of tax credits that have received bipartisan support.” The factsheet further outlines short-, medium-, and long-term proposals from the Administration to reduce costs for families and lower inflation. The AHTCC thanks the Biden-Harris Administration for highlighting the need for more affordable housing and recognizing the critical role tax credits play in producing safe, decent, and affordable homes, and for continuing to support efforts to produce and preserve affordable housing across America.

For more information, see our resource outlining how expanding the Housing Credit—specifically by extending the 12.5 percent allocation increase, which expired at the end of 2021—can both address the affordable housing shortage and reduce inflation. In addition, lowering the 50 percent bond financing test to 25 percent could finance more than 800,000 affordable homes, nearly meeting the Administration’s housing production goals on its own. With inflation up 8.3 percent in the past 12 months and shelter costs accounting for one-third of inflation calculations, robust policy initiatives that will build more affordable housing and lower the cost of living, such as the initiative mentioned in the above factsheet, are critical to tackling inflation.

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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

  • AHTCC Sets Sight on 118th Congress After 2023 Spending Bill Excludes Tax Provisions
  • Reps. DelBene, Wenstrup, and Over 50 Others Urge House Leaders to Take Immediate Action on Housing Credit

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21 Dec 1605617019885322242

This year's omnibus spending bill left out provisions to strengthen #LIHTC, but we'll keep advocating in the new year to expand the #HousingCredit to build more safe, decent & #affordablehousing....

Read more in @AHFMag on the path forward for our advocacy:

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Spending Package Boost HUD Funding

Advocates disappointed that housing tax credit proposals were not included.

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