On August 16, 2022, President Biden signed into law the Inflation Reduction Act (see bill text), a budget reconciliation package which focuses on three main policy issues—climate and energy, healthcare... read more →
Today the AHTCC submitted comments to the Federal Reserve Board of Governors, Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) in response to the... read more →
The AHTCC urges all affordable housing stakeholders to comment on the interagency Notice of Proposed Rulemaking (NPR) on Community Reinvestment Act (CRA) reform issued in May 2022 by the Federal... read more →
New guidance issued by the Treasury Department today will address statutory barriers to using American Rescue Plan (ARP) State and Local Fiscal Recovery Funds (SLFRF) for the development of Housing Credit properties. A total... read more →
In two recent Congressional hearings, the Low-Income Housing Tax Credit (Housing Credit) received positive mentions and comments of bipartisan support from various members of Congress. The hearings were hosted by... read more →
The AHTCC is seeking to expand our Low-Income Housing Tax Credit (Housing Credit) Property Gallery, a virtual portfolio of over 250 Housing Credit properties located across the country. In addition... read more →
Today the White House released a Housing Supply Action Plan to "ease the burden of housing costs over time, by boosting the supply of quality housing in every community" to "help close... read more →
Today Senators Patrick Leahy (D-VT) and Susan Collins (R-ME) introduced the LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act (S.4181) (see bill text), the Senate's companion legislation to the... read more →
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... read more →
Senator Joni Ernst (R-IA) recently toured Hotel Maytag Apartments in Newton, Iowa where she saw firsthand the impact of the Low-Income Housing Tax Credit (Housing Credit) and emphasized the importance... read more →
The AHTCC, as part of a group of 30 national trade associations representing community development credits and financing tools, sent a letter urging the Treasury Department to protect investment in critical... read more →
Today, the Biden Administration released its fiscal year (FY) 2023 budget proposal, which indicates the Administration’s priorities heading into the FY 2023 budget and appropriations cycle. This year’s budget proposal includes an additional $10... read more →
The Internal Revenue Service has issued guidance (IRS Notice 2022-05) to extend key Housing Credit program deadlines and provide other flexibilities in light of the COVID-19 pandemic. The IRS initially provided Housing... read more →
The AHTCC has developed a guide to assist affordable housing advocates in engaging members of Congress and their staff in Low-Income Housing Tax Credit (Housing Credit) property events. Property event... read more →
Today the Senate Finance Committee released its portion of the updated Build Back Better reconciliation bill, which would provide an historic investment in the Housing Credit and finance 819,900 affordable... read more →
On December 2, the AHTCC and 30 of our leading affordable housing industry partners sent a letter to the IRS and the Treasury Department urging the agencies to issue a final rule on... read more →
On December 1, the Internal Revenue Service (IRS) released guidance (see Revenue Ruling 2021-20 and Revenue Procedure 2021-43) to clarify the applicability of the minimum 4 percent Housing Credit rate.... read more →
This morning the House of Representatives passed the Build Back Better reconciliation bill (see bill text and section-by-section), which could finance nearly 812,000 additional affordable homes than otherwise possible over the next decade by investing nearly $12... read more →
An amended version of the Build Back Better reconciliation legislation released November 3 (see bill text and section-by-section) proposes an historic investment in the Housing Credit – nearly $12 billion... read more →
Today the White House is beginning to roll out major components of the initial plan for Build Back Better reconciliation legislation, with the goal of making significant progress on the bill... read more →