Last week the ACTION Campaign, a national grassroots coalition of more than 2,200 organizations and businesses advocating in support of the Housing Credit, released updated state fact sheets showing the Housing Credit’s impact and the affordable housing needs that remain in every state. New to the state fact sheets this year is data demonstrating the impact that a 50 percent increase in the Housing Credit would have in each state. The Cantwell-Hatch Affordable Housing Credit Improvement Act (S. 548), bipartisan legislation to strengthen and expand the Housing Credit, includes a 50 percent increase in allocation authority. Recent estimates from accounting firm Novogradac & Company estimate that a 50 percent expansion would support the production of more than 264,200 additional affordable homes nationally over the next ten years. Enterprise urges all Housing Credit stakeholders to join the ACTION Campaign, share these state fact sheets with your elected officials, and ask those representatives to co-sponsor the Affordable Housing Credit Improvement Act (S. 548/H.R. 1661).
ACTION Campaign Releases Updated Housing Credit State Fact Sheets
