The ACTION Network, of which Monarch is a member, is a national coalition of over 1,300 organizations and businesses calling on Congress to address our nation’s severe shortage of affordable rental housing by expanding the Low-Income Housing Tax Credit.
ACTION is working to get the new Trump administration and Congress to support the Housing Credit.
This new analysis that tax credit properties do not impact the property values of surrounding properties bolsters the work to protect the Housing Credit from potential threats.
With undivided Republican control in Washington, the likelihood of the next Administration and Congress advancing legislation that could impact the Housing Credit has increased substantially.
Specifically, Congressional Leaders and President-elect Trump have all said that tax reform will be a priority for them in 2017. Many members of Congress and the President-elect have also stated support for infrastructure legislation, which may move on its own or as part of tax reform.
These present the potential for threats to the Housing Credit and Housing Bonds as well as the chance to advance ACTION’s Housing Credit priorities.