ACTION Campaign Fact Sheet Highlights the Importance of Enacting a Minimum 4 Percent Credit Rate

The ACTION Campaign released a new fact sheet explaining how the 4 percent Housing Credit works and the importance of establishing a minimum 4 percent Housing Credit rate, as proposed in the Affordable Housing Credit Improvement Act. The fact sheet explains how the floating Credit rate for the 4 percent program provides far less equity to developments than what Congress intended, and highlights the benefits of creating a fixed rate, such as filling critical financing gaps for developing affordable homes, providing more market certainty in Housing Credit financing, and allowing for greater flexibility and discretion for states to finance high-priority developments. Visit the ACTION Campaign’s Advocacy Toolkit to access this fact sheet, along with other advocacy resources to support the Housing Credit.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s