The national discussion has been focused on anti-eviction and other short-term relief measures, and these policies are critical to protecting people from immediate financial and health crises. But we also must plan for long-term solutions that include relief for the providers who house them.

Get access to resident support during COVID-19 through Fannie Mae's Disaster Recovery Network.

The Low-Income Housing Tax Credit (Housing Credit) finances more than 90 percent of all affordable housing production and preservation, and the health of the program is critical for the housing stability of millions of low-income families. There are several simple federal actions that can provide timing relief and prevent projects from losing their tax credits due to COVID-19’s impact, some of which are statutory and others that are regulatory.

The majority of the House of Representatives has cosponsored the Affordable Housing Credit Improvement Act, H.R.3077, with a total of 221 members signed on to the bipartisan legislation. The Affordable Housing Credit Improvement Act (AHCIA) would strengthen and expand the Low-Income Housing Tax Credit (Housing Credit), our nation’s most successful tool for building and preserving affordable housing.

Enterprise Community Loan Fund (ECLF) was just awarded a $5 million Capital Magnet Fund (CMF) grant from the U.S. Treasury Department’s CDFI Fund.