Rallying for LIHTC Changes

Approximately 40 national, state, and regional industry groups have united on three main legislative proposals that would help to stimulate the low-income housing tax credit (LIHTC) market.

This grassroots campaign, Affordable Rental Housing A.C.T.I.O.N. (A Call To Invest in Our Neighborhoods), is focused on stimulating investment in affordable rental housing. 

It’s a positive sign to see a wide variety of groups rally together for the LIHTC, and there are many ways you can also make a difference. You can take action by joining the campaign.  Affordable Rental Housing A.C.T.I.O.N. also is encouraging those in the industry to share your stories about the importance of affordable rental housing for low-income Americans.

With representatives from Congress back in their home districts, it is the perfect time to call the local offices and tell them why these three LIHTC legislative proposals with are so important. Your LIHTC projects and how they have transformed neighborhoods and improved the lives of the families will be powerful stories. Invite the legislators to visit your developments so they can see firsthand what the LIHTC can do. Also, you could share the July/August issue of Affordable Housing Finance. The magazine’s Readers’ Choice finalists are diverse and show some of the best recent affordable housing developments.

There were some positives that came out of the American Recovery and Reinvestment Act earlier this year. But with a consensus of industry groups on the legislative front and sharing more examples of the need for affordable housing, perhaps even more positive changes will occur when Congress returns in September.