Coalition News

House Ways and Means Committee Chairman Dave Camp (R-MI) Protects Housing Credit in Tax Reform Discussion Draft

February 26th, 2014

The Affordable Housing Tax Credit Coalition is pleased to see that House Ways and Means Committee Chairman Dave Camp (R-MI) has retained the Low Income Housing Tax Credit (Housing Credit) program in the tax reform discussion draft released today, February 26th.

AHTCC Congratulates 2014 Board of Directors

February 4th, 2014

AHTCC Congratulates New Board of Directors

Housing Credit Legislation Introduced in Senate

August 2nd, 2013

Yesterday, August 1, 2013, Senator Maria Cantwell (D-WA) introduced legislation to permanently extend the 9 percent Credit floor and create a 4 percent Credit floor for allocated Credits.  The bill is identical substantively to the legislation AHTCC and other industry groups advocated for last year which resulted in a temporary extension of the 9 percent [...]

AHTCC Submitts Comments on Proposed Change to Accounting Standards

June 20th, 2013

On June 14, 2013, AHTCC Submitted comments to the Financial Accounting Standards Board (FASB) regarding proposed changes to accounting standards for Housing Credit properties.  AHTCC has been working with FASB in an effort to allow effective yield accounting methods to be utilized for Housing Credit deals.

AHTCC Submits Comments on LIHTC to House Ways and Means Real Estate Tax Reform Working Group

April 15th, 2013

As previously reported, the House Committee on Ways and Means is currently considering ways to reform the Internal Revenue Code. As part of this effort, the Committee has created 11 tax reform working groups which will each review specific portions of the Tax Code.  The Working Groups provided an opportunity for the general public to [...]

President’s FY14 Budget Includes Housing Credit Provisions

April 10th, 2013

On April 10, 2013, President Obama released his FY2014 budget which included five provisions related to the Low Income Housing Tax Credit (Housing Credit) program.  Specifically, the budget provisions included are:  States would be empowered to convert some private-activity-bond volume cap into authority to allocate additional Housing Credits. This proposal would give each State more [...]

AHTCC Undertakes Coordinated Media Strategy With A.C.T.I.O.N. Campaign

April 10th, 2013

With tax reform efforts heating up on Capitol Hill, the Affordable Housing Tax Credit Coalition and the A Call To Invest in Our Neighborhoods (A.C.T.I.O.N.) Campaign have engaged media consultants Group Gordon to coordinate a strategy aimed at garnering positive media attention for the Low Income Housing Tax Credit (Housing Credit) program. Raising the national [...]

Bipartisan Policy Center Publishes Housing America’s Future: New Directions for National Policy

March 28th, 2013

On February 25, 2013 the Bipartisan Policy Center published a new report entitled Housing America’s Future: New Directions for National Policy.

FASB Emerging Issues Task Force Votes to Propose New Accounting Guidelines for Housing Credit Industry

March 28th, 2013

On March 14, 2013, the FASB Emerging Task Force (EITF) voted to propose new guidance regarding accounting treatment for Low Income Housing Tax Credit investments – specifically criteria under which Housing Credit investments would be allowed to use the effective yield accounting method.

AHTCC Congratulates 2013 Board of Directors

February 7th, 2013

The 2013 AHTCC Board of Directors was elected by the general membership at AHTCC’s Annual Meeting on January 30, 2013. AHTCC congratulates all new and returning Board members and is looking forward to another successful year advocating on behalf of the Low Income Housing Tax Credit program.