A new report from the Bipartisan Policy Center, Building the Case: Low-Income Housing Tax Credits and Health, uses the robust evidence base linking affordable housing to better health outcomes to conclude “the Low-Income Housing Tax Credit contributes positively to the nation’s public health.”
The House Ways and Means Committee introduced tax reform legislation today that would have significant impacts on affordable housing and community development programs. The legislation proposes retaining the Housing Credit, eliminating the New Markets Tax Credit and eliminating the tax exemption on private activity bonds.
Congress passed a budget resolution that paves the way for comprehensive tax reform to be accomplished in fiscal year (FY) 2018. Now is a critical time for all Low-Income Housing Tax Credit and New Markets Tax Credit advocates to make the case for retaining and strengthening these programs in tax reform.
Congress and the Administration released a "Unified Framework for Fixing Our Broken Tax Code" that explicitly preserves the Low-Income Housing Tax Credit. Enterprise thanks Congress and the Administration for recognizing the value of this critical affordable housing development tool.
Enterprise is calling on Congress and the Administration to provide increased allocations of the Housing Credit and NMTC as part of any recovery package. We are also part of broad coalition of advocates calling on Congress to advance these reforms among other affordable housing and community development provisions. Organizations may sign on to support these principles through Wednesday, September 27.