August recess is halfway over – take action today in support of the Low Income Housing Tax Credit (LIHTC) and Sen. Maria Cantwell’s (D-Wash.) and Sen. Orrin Hatch’s (R-Utah) Affordable Housing Credit Improvement Act (S. 2962)!
In 2015, we achieved a major victory with the permanent authorization of the 9 percent Low Income Housing Tax Credit, but the 4 percent credit remains unauthorized. Senator Cantwell and Sen. Hatch have introduced a bill to permanently authorize the 4 percent LIHTC and expand the overall allocation authority by 50 percent, allowing more housing authorities to access the credit. Help Sen. Cantwell and Sen. Hatch support their critical legislation by asking your senators to join the bill as co-sponsors and your representative to consider introducing a House companion bill.
- Small housing authorities have limited budgets & staff, but are required to do more with less. Support #SHARP and #NAHROADVOCACY
- Small housing agencies have returned their HCV to HUD since they can’t administer them on low funding. Support #SHARP and #NAHROAVOCACY
- Diminished resources + over-regulation limit small housing agencies’ ability to serve current/yet-to-be served families. Support #SHARP!
For more information on the Low Income Housing Tax Credit, visit the ACTION Campaign web site. NAHRO is a steering committee member of the ACTION Campaign. For more information on the Affordable Housing Credit Improvement Act and its partner legislation, visit NAHRO’s Community Development Resource Center to access a one-pager on the bills.
Thank you for your hard work so far this month!