As of Friday June 14, 2013 at 5 PM 60% of the signers (106 out of 176) were NJ organizations. Click here to join this campaign today!
With a week left we need to focus on groups that have not signed. We strongly encourage you to review the list of signers and reach out to colleagues, allies and partners and ask them to join with you to sign the letter.
In addition, we need to increase support from:
Elected and appointed officials including mayors, council members, freeholders and state legislators;
Businesses including local chambers of commerce; and
Let them know that this legislation would provide an increased disaster allocation of Low-Income Housing Tax Credits (LIHTC) by increasing the per capita rate to $8, provide $250 million in New Markets Tax Credits (NMTC) and provide tax-exempt bonds for Sandy-impacted areas.
For example, the LIHTC in NJ has since 1986 created:
45,149 affordable apartments and
$4.0 billion of local income
$388.3 million in state and local revenue and
$1.1 billion in federal revenue.
Thus, the increase to $8 per capita will create More Homes and More Jobs and strengthen the economy.
The Housing and Community Development Network of NJ, Monarch Housing Associates along with other partners in NJ, NY and CT have prepared a letter thanking our legislators for introducing the legislation and encouraging its quick passage. Signing the letter will pledge your organization’s support to work with Congress to have the legislation enacted.