Almost 25 New Jersey Organizations Join Letter
50 Percent Increase Key to Ending Homelessness
More than 1,300 organizations, including almost 25 New Jersey organizations, signed a letter calling on Congress to raise the cap on Low-Income Housing Tax Credit (Housing Credit) allocation authority by at least 50 percent.
Monarch Housing was proud to be on this list. The recently opened Kilmer Homes is an example of how the Housing Credit can transform lives.
The organizations that signed are or represent affordable housing providers, state and local housing agencies, nonprofits, businesses involved in affordable housing, elected officials and others committed to providing affordable housing help to those who need it.
They have signed this letter, created by the ACTION Campaign, to urge Congress to address our nation’s severe shortage of affordable rental housing by expanding the Housing Credit.
When Congress last raised the Housing Credit cap in 2000, huge bipartisan majorities of the Senate and House cosponsored the legislation proposing the increase. The ACTION Campaign Urges Congress to once again strongly embrace legislation to extend the reach of this essential program.
The Affordable Rental Housing ACTION Campaign calls on Congress to address our nation’s severe shortage of affordable rental housing by expanding the Low-Income Housing Tax Credit.