NAHRO is pleased that the final version of the tax reform bill maintains tools important to the creation and preservation of affordable housing and the economic development of towns and cities across the country. Private activity bonds, LIHTC, New Market Credits, and Historic Tax Credits all play critical roles when our members take on the hard task of improving their communities.
But our work does not end today. As we look beyond this bill, it is equally important that other important affordable housing and community development tools — the public housing operating and capital funds, rental assistance, HOME, and CDBG — all receive similar support. These tools are also critical in sustaining public/private partnerships in urban and rural America. There is more to do.