Advocacy

LIHTC Legislation Introduced

December 14th, 2011
Posted in Advocacy, Coalition News, Congressional News, Legislation, News

On December 14, 2011, Congressmen Pat Tiberi (R-OH) and Richard Neal (D-MA) introduced H.R. 3661 a bill which would permanently extend the flat 9% Credit rate and create a flat 4% Credit rate for allocated Credits. The bill currently has 7 cosponsors including: Vern Buchanan (R-FL); Emmanuel Cleaver (D-MO); Joseph Crowley (D-NY), Jim Gerlach (R-PA); Bill Pascrell (D-NJ); Charles Rangel (D-NY); and Lee Terry (R-NE). Additionally, Senators Maria Cantwell (D-WA) and Olympia Snowe (R-ME) introduced S. 1989 which is the Senate version of the same legislation. The Senate version currently has 9 cosponsors including: Jeff Bingaman (D-NM); Scott Brown (R-MA); Benjamin Cardin (D-MD); Susan Collins (R-ME); Mike Crapo (R-ID); John Kerry (D-MA); Robert Menendez (D-NJ); Bill Nelson (D-FL); and Bernard Sanders (I-VT).

Response Piece to Senator Coburn’s Proposal Eliminating the LIHTC

July 21st, 2011
Posted in Advocacy, Hill Materials, Legislation

Linked below is a rebuttal piece to Senator Tom Coburn’s (R-OK) proposal to eliminate the Low Income Housing Tax Credit, contained in his deficit reduction plan entitled “Back in Black”, released earlier this week.  We strongly encourage industry organizations and companies to sign-on to this piece.  A preliminary version has been distributed on the Hill. [...]

AHTCC Signs Industry Letter Regarding Section 8 Funding

March 25th, 2011
Posted in Advocacy, Hill Materials, Legislation

On March 4, 2011 AHTCC joined 10 other industry organizations on a letter encouraging Members of the Senate to ensure sufficient funding of Section 8 project-based contracts. As indicated in the letter, current funding proposals included in H.R. 1 will not be sufficient to honor HUD’s project-based Section 8 contracts. The attached Fact Sheet describes [...]

AHF Publishes “Housing for All Americans”

February 18th, 2011
Posted in Advocacy, Hill Materials, Legislation

AHF Magazine has published a special edition entitled “Housing For All Americans“.  This 32-page special report details the economic impact of the Housing Credit and heralds the strength of the program.  Sponsored by numerous industry participants (including many AHTCC Members), this special edition illustrates the successes of the Housing Credit.  Through the efforts of industry [...]

President Obama Releases 2012 Budget Proposal Including LIHTC Proposals

February 14th, 2011
Posted in Advocacy, Hill Materials

On Monday, February 14, 2011, President Obama announced his FY2012 budget proposals noting the proposals represented a “responsible approach that will make the tough choices to cut spending and cut the deficit.” Of interest to AHTCC members are two Low Income Housing Tax Credit (Housing Credit) program proposals included in the Department of Treasury budget.  [...]

AHTCC Housing Credit Lobbying Materials

February 9th, 2011
Posted in Advocacy, Hill Materials, Legislation

AHTCC has prepared the linked Housing Credit lobbying piece including facts about the Housing Credit, how the Housing Credit benefits communities, and quotes from Housing Credit program supporters.  We encourage AHTCC members to use this information when speaking with their Members of Congress about the Housing Credit program.  If you would like hard copies mailed [...]

AHTCC Comments to the President’s Commission of Fiscal Responsibility & Reform

February 2nd, 2011
Posted in Advocacy, Hill Materials

In response to the report prepared by PERAB, AHTCC developed the below linked “comment” letter which was delivered to the Commission on November 24th.  This piece details how the Housing Credit was developed as a result of tax reform (in 1986) and continues to be the most successful affordable rental housing development program in history.  [...]

DLA Piper 2010 Mid-Term Election Analysis

December 15th, 2010
Posted in Advocacy, Hill Materials, Legislation

AHTCC legislative counsel James F. Miller of DLA Piper has provided the linked 2010 Election Analysis prepared by the firm.

AHTCC Signs Letter Encouraging CRA Reform

August 31st, 2010
Posted in Advocacy, Hill Materials

On August 31, 2010, AHTCC and seven additional organizations signed onto a letter encouraging changes to the Community Reinvestment Act (CRA).  Specifically, the letter notes that “the influence of CRA on financial institutions’ LIHTC investment decision making has resulted in a seriously unbalanced market with disparities in pricing of 20-30% between large metropolitan markets and [...]

H.R. 4868 Industry Sign On Letter

July 26th, 2010
Posted in Advocacy, Hill Materials, Legislation

On Monday, July 26th, AHTCC joined 9 other industry organizations on a letter discussing H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010.  While AHTCC supports many pieces of the legislation there are several provisions which raise concerns among industry participants.