December 14th, 2011
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).
July 21st, 2011
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. [...]
March 25th, 2011
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. This Fact Sheet describes how [...]
November 3rd, 2010
Yesterday, in the most sweeping change in the US House of Representatives since 1948, the Republicans picked up between 63 and 67 seats to bring the number of seats held by Republicans to over 240 and those held by Democrats to below 190. In the United States Senate, the Republicans picked up 6 seats with two races in Colorado and Washington still too close to call but likely to remain Democratic. In the House, three Democratic Committee Chairman lost their seats (Rep. Ike Skelton (Armed Services); Rep. James Oberstar (Transportation); and Representative John Spratt (Budget), while others lost who held key Subcommittee Chairmanships (such as Rep. Paul Kanjorski). In the Senate, Majority Leader Harry Reid (NV) easily defeated Tea Party candidate Sharon Angle, but he will have a much diminished Majority.
July 26th, 2010
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. In the letter (linked below) addressed to House Financial Services Committee Chair Barney [...]
May 14th, 2010
On May 6, 2010 Senator Maria Cantwell (D-WA) introduced the Job Creation and Affordable Housing Act of 2010 on behalf of herself and Senators John F. Kerry (D-MA) and Barbara Boxer (D-CA).
March 19th, 2010
On Thursday, March 18, 2010 Senator Jeff Bingaman (D-MN) introduced the Low Income Housing Tax Credit Recovery Act of 2010. The legislation includes the five year carryback proposal AHTCC and other industry groups have been advocating on behalf of.
October 12th, 2009
On Friday, October 9, 2009, Ernst & Young published a study concerning Low Income Housing Tax Credit (Housing Credit) investment.
August 4th, 2009
Over the past few months, AHTCC has stressed to its members the importance of presenting to Congress a well-crafted and broadly supported legislative plan designed to spur new investment in the Housing Credit program while also assisting current investors in the program.
