|Join ACTION Campaign for a call this Friday, June 12, at 2 p.m. EDT, where they will discuss Housing Credit legislation and the latest updates related to tax reform and tax extenders.|
Friday, June 12 @ 2:00 p.m. EDT
Participant code: 677-49-533#
Minimum Credit Rate Legislation
The minimum Housing Credit rate legislation recently introduced in the Senate, S. 1193, now has 27 co-sponsors. The newest co-sponsors are Senators Thad Cochran (R-MS), Jeff Merkley (D-OR) and Gary Peters (D-MI).
The companion legislation in the House, H.R. 1142, introduced by Representative Pat Tiberi (R-OH-12) and Richard Neal (D-MA-1) in February, now has 59 co-sponsors. The most recent additions are Representatives Zoe Lofgren (D-CA-19), Alcee Hastings (D-FL-20) and Lynn Jenkins (R-KS-2).
Tax Reform and Tax Extenders
The Senate Finance Committee continues to review the feedback it received during industry roundtable discussions and the submissions sent to the tax reform working groups, though the timeline for consideration has been extended. Working groups are now expected to provide recommendations to the full committee by the end of June. Though Senate Majority Leader Mitch McConnell (R-KY) said recently that passing tax reform in this Congress is unlikely, any draft tax reform proposals that the Senate Finance Committee produces are likely to be used as a starting place for future reform efforts.
House Ways and Means Chairman Paul Ryan (R-WI-1) has shown interest in advancing more limited tax reform legislation, potentially to address international taxation and tax extenders, as soon as this summer. In the meantime, the Ways and Means Committee continues to mark up individual tax extenders bills, though there are no plans to mark up an extension of minimum Housing Credit rates at this time. The ACTION Campaign is encouraging Housing Credit supporters in Congress to reach out to Chairman Ryan and ask that the Ways and Means Committee mark up H.R. 1142.
Legislation to Allow Homeless Students to Live in Housing Credit Properties
Senators Al Franken (D-MN) and Rob Portman (R-OH) have reintroduced legislation (S. 1412) to allow full-time students who are or have recently been homeless to live in Housing Credit properties. Currently, full-time students are not eligible to hold leases in Housing Credit properties. According to the bill’s sponsors, this change would prevent people who have experienced homelessness from having to choose between stable housing and pursuing an education.
New ACTION Campaign Materials
Visit our Advocacy Toolkit for talking points on our new proactive legislative agenda, as well as updated op-ed and letter to the editor templates.
Housing Credit in the News
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