This legislation is a companion piece to HR 5082, a tax relief bill that was recently introduced in the House by Representatives by Congressman Pascrell and Reed. That bill has 15 Republicans and 15 Democrats signed on.
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 including New Jersey would benefit.
Back on the House side, now is the time to continue to build bipartisan support for the House bill, HR 5082. Please reach out to your House member and encourage him to co-sponsor this critical legislation.
To date, the following members of New Jersey’s congressional delegation have joined Congressman Pascrell as co-sponsors of this critical legislation: