With the Low-Income Housing Tax Credit (Housing Credit) providing roughly 160,000 affordable homes each year, any regulations impacting the Housing Credit can have far-reaching effects on our nation’s ability to produce and preserve affordable housing. The Housing Credit falls under the jurisdiction of the Internal Revenue Service (IRS) and the Treasury Department, though it is also impacted by regulations issued by the Department of Housing and Urban Development (HUD), agencies regulating the Community Reinvestment Act (CRA), the Federal Housing Finance Agency, and other agencies. Learn more about some of the key regulatory issues impacting the Housing Credit below.

The Housing Credit is a primary tool to address the nation’s persistent affordable housing crisis, and there are a number of ways federal agencies can support the development of more affordable housing using the Housing Credit. The AHTCC applauds President Trump’s executive order on “Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis,” which calls for agencies to “lower the cost of housing and expand housing supply.” In support of these goals, the AHTCC has developed regulatory policy proposals which would increase efficiency by eliminating undue regulatory burden, streamlining processes, and supporting investment in affordable housing.

The AHTCC provides recommendations for executive agencies that play key roles in administering the Housing Credit: the Treasury Department, the banking regulatory agencies, the Department of Housing and Urban Development, and the Environmental Protection Agency. The proposed regulatory actions outlined in our recommendations would increase housing supply, make housing more affordable, and promote economic growth by strengthening one of the most effective public-private partnerships in the country.