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.

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