Yesterday the Senate approved its motion to go to conference and announced its conferees:
- Conference Chair: Finance Committee Chairman Orrin Hatch (R-UT) *Republican sponsor of Affordable Housing Credit Improvement Act (S. 548)
- Sen. Mike Enzi (R-WY)
- Sen. Lisa Murkowski (R-AK) *co-sponsor of S. 548
- Sen. John Cornyn (R-TX)
- Sen. John Thune (R-SD)
- Sen. Rob Portman (R-OH) *co-sponsor of S. 548
- Sen. Tim Scott (R-SC) *co-sponsor of S. 548
- Sen. Pat Toomey (R-PA)
The Senate will also appoint Democratic conferees, whose influence will be limited.
The House Republican conferees were announced earlier this week:
- Conference Chair: Ways and Means Chairman Kevin Brady (R-TX-8)
- Rep. Devin Nunes (R-CA-22)
- Rep. Peter Roskam (R-IL-6)
- Rep. Diane Black (R-TN-6)
- Rep. Kristi Noem (R-SD-at large) *co-sponsor of Affordable Housing Credit Improvement Act (H.R. 1661)
- Rep. Rob Bishop (R-UT-1)
- Rep. Don Young (R-AK-at large) *co-sponsor of H.R. 1661
- Rep. John Shimkus (R-IL-15) *co-sponsor of H.R. 1661
- Rep. Fred Upton (R-MI-6), who replaced Rep. Greg Walden (R-OR-2) on the committee
The conference committee will now begin the formal work of reconciling differences between the House and Senate bills, though informal negotiations have been ongoing and will involve many Republican members who are not part of the conference committee.
Retaining Housing Bonds is our top priority in conference. House Ways and Means Chairman Kevin Brady has suggested that a compromise on retaining private activity bonds could include limiting their uses to infrastructure, specifically airports and surface transportation.
In your outreach to all Republican members emphasize that we must specifically retain multifamily Housing Bonds.
This week is absolutely critical for advocacy, and all ACTION members should be reaching out to Republican members to make the case for preserving multifamily Housing Bonds in conference. Please reach out to all conferees, as well as Republican members who are not on the conference committee, asking them to weigh in with leadership and the conferees.
Over the weekend the Senate passed its tax reform bill, which retains the Housing Credit and multifamily Housing Bonds. The House version of the Tax Cuts and Jobs Act would retain the Housing Credit, but repeal private activity bonds, including multifamily Housing Bonds. If Housing Bonds are repealed, roughly 800,000 affordable homes would not be built or preserved over the next decade, according to analysis from Novogradac & Company. See our overview of the provisions in the House and Senate tax reform bills impacting affordable housing.