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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
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    • 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

Congressman Tiberi (R-OH) Submits Statement on Housing Credit To House Financial Services Committee

  • April 16, 2015
  • 2015 News, Housing Credit

On Thursday, April 16, 2015, the House Financial Services Committee held a hearing entitled “The Future of Housing in America: Increasing Private Sector Participation in Affordable Housing.” The hearing was focused primarily on HUD programs because the Financial Services Committee does not have jurisdiction over tax programs like the Low Income Housing Tax Credit. Even keeping this limited focus in mind, it is understood that the Housing Credit is considered the most successful private-public affordable housing partnership. In support of the Housing Credit, Congressman Pat Tiberi (R-OH) submitted the below-linked statement to the Financial Services Committee.

In the statement, Congressman Tiberi explains “since its enactment as part of the Tax Reform Act of 1986, the Housing Credit has been the key financial tool utilized in virtually all affordable rental housing development and preservation.” Congressman Tiberi went on to encourage his colleagues to visit a Housing Credit development in their districts adding “my experience has been that seeing is believing; this housing has transformed the lives of its residents and has revitalized communities all over my district and I am confident you will find the same results in your districts as well.

Witnesses as the hearing were: Ms. Adrienne Todman, Executive Director, District of Columbia Housing Authority; Mr. Brad Fennell, Senior Vice President, WC Smith; Mr. James Evans, Director, Quadel Consulting; and Ms. Shelia Crowley, President and Chief Executive Officer, National Low-Income Housing Coalition.

A video of the hearing should be archived online at the Committee’s website, www.financialservices.house.gov, in the coming days.

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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
  • New Congress and Administration Present Opportunities for Affordable Housing

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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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