As an update on the Low Income Housing Tax Credit Program (Housing Credit), the House Ways and Means Committee maintains its commitment to only include provisions that expired in 2011 or are expiring in 2012 in their version of tax extenders legislation, thus likely precluding the 9 percent Housing Credit floor from being part of the package.
The A.C.T.I.O.N. Campaign, which is short for A Call to Invest in Our Neighborhoods, provides regular updates on its advocacy and education efforts around the Housing Credit.
The Campaign and Monarch Housing encourages advocates to reach out to House Ways and Means Committee Chairman David Camp (R-MI-4th), Rep. Pat Tiberi (R-OH-12th) and other (particularly Republican) committee members to have them express their support for including the 9 percent Housing Credit floor provision in any version of tax extenders, because if the bill reaches House-Senate negotiations, such outreach efforts will encourage the House to accede to the Senate’s version of tax extenders on 9 percent floor.
Congress is still on recess and will return after the election.
Click here to learn more about the A.C.T.I.O.N. Campaign.