Support the Affordable Housing Credit Improvement Act

July 24 Congressional Reception Prioritizes Expanding an Improving the Housing Credit

On June 4, the bipartisan Affordable Housing Credit Improvement Act (S. 1703 and H.R. 3077) was reintroduced in both the U.S. Senate and the House.

The Affordable Housing Credit Improvement Act (AHCIA) would establish a minimum 4 percent Housing Credit rate. The AHCIA would also increase the Housing Credit allocation authority by 50 percent, resulting in an estimated 384,500 additional affordable homes. Those two provisions alone – both included in the Senate and House versions of the AHCIA – would result in approximately 450,500 additional affordable homes over the next ten years.

The ACTION Campaign will be submitting a letter to Congress demonstrating our strong support for the Affordable Housing Credit Improvement Act. Read the letter and sign on to support the Affordable Housing Credit Improvement Act of 2019. The deadline for signing on to the letter is Tuesday, June 11.

All existing ACTION Campaign members will be included in the letter, so if you are already an ACTION Campaign member you do NOT need to sign on. However, we encourage you to share the letter with your networks to help show broad support for the Housing Credit.

The 2019 Annual Congressional Reception will take place on Wednesday, July 24, 2019 from 12:00 p.m. to 4:00 p.m. in Washington, D.C.

The theme is this year’s Congressional Reception is Opportunity Starts at Home: Building a Necessary and Secure Foundation for Healthy Communities.

The Federal Policy Priorities that will be emphasized at the Congressional Reception the following key areas: Housing and Services, Medicaid, Affordable Homes, Fair Housing and Housing Development.

Attendees at the Congressional Reception will hear from speakers highlighting housing is a right, housing is health care, and housing creates healthy communities.

Housing Development is included as one of the Congressional Reception federal Policy Priorities. We request that our elected officials expand and improve the Housing Credit to better target resources to households with the greatest needs and to increase the availability of safe and affordable housing.

The Housing Credit is responsible through financing for nearly all of the affordable housing built and preserved since the program was authorized through tax reform in 1986.

If you have any questions about the letter, please contact Sarah Brundage with the ACTION Campaign at sbrundage@enterprisecommunity.org by the June 11 deadline.

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