We appreciate their early leadership on this issue and encourage the remaining six members of our delegation to join them as co-sponsors.
If your member of the House has not yet signed on, please take two minutes today to email his housing staffer and urge him to become a co-sponsor. Click here for a contact sheet of House Members and their housing staffers.
As additional background, this legislation would provide additional Low Income Housing Tax Credits (LIHTCs) for areas impacted by a federally declared disaster in 2012, 2013, and 2014, as well as for communities impacted by Hurricane Irene and Tropical Storm Lee in 2011. Communities in 24 states would benefit.
The measure would provide a LIHTC allocation of the greater of $8 per individual in the disaster areas or 50% of the state’s LIHTC ceiling. Communities would also be eligible to apply for an extra New Markets Tax Credit allocation totaling $500 million.
Once additional House co-sponsors are secured, we will work to use the bipartisan co-sponsorship in the House to secure more Senate sponsors.
Click here for a spreadsheet showing which NJ Representatives’ districts that would benefit from the legislation.