The ACTION Campaign’s monthly call will be on Friday, October 4 at 2:00 pm EST. Call-in information:
- Phone number: 866-469-3239
- Access Code: 625 036 783 #
The Affordable Housing Credit Improvement Act Surpasses 100 Cosponsors in the House
Last week, the Affordable Housing Credit Improvement Act (AHCIA) reached its 100th cosponsor in the House thanks to the tireless efforts of our ACTION members and partners. In large part because of your support, the House bill (H.R. 3077) has reached 104 bipartisan cosponsors in the less than four months since its introduction on June 4. Sixty-four percent of House Ways and Means Committee members have now signed on to the bill. The Senate bill (S. 1703) has reached 18 cosponsors, with 9 Democrats, 8 Republicans, and 1 Independent all signed on in support of the legislation.
October ACTION Advocacy Push!
Congress has passed and the President has signed a Continuing Resolution (CR) funding the government through November 21. Assuming Congress is able to reach an agreement on spending legislation by then, it is likely the session will end in November. Thus, November may be the only time this calendar year where any tax legislation could advance. With Congress on recess for two weeks between October 1 and October 14, now is the opportunity to reach out to your members of Congress to enlist their support so that the AHCIA is well positioned to be included on any year-end tax legislation.
If your Senator or Representative has already signed-on to the AHCIA, please reach out to them to thank them and express that you would like to see the bill progress with any tax legislation that moves this year. If your Senator or Representative has not yet cosponsored, now is the time to express to them how the AHCIA would help hundreds of thousands of low-income renters across the country.
In particular, there are only a small handful of Republican members who previously cosponsored AHCIA in the 115th Congress that have yet to cosponsor again. If you work/live in these members’ states/districts, please help us with outreach this week to:
- Lindsey Graham (R-SC)
- Tim Scott (R-SC)
- Doug LaMalfa (R-CA-01)
- Ken Calvert (R-CA-42)
- John Shimkus (R-IL-15)
- Brett Guthrie (R-KY-02)
- Robert E. Latta (R-OH-05)
- Vicky Hartzler (R-MO-04)
- Sam Graves (R-MO-06)
- Steven M. Palazzo (R-MS-04)
- Mark Walker (R-NC-06)
- David Rouzer (R-NC-07)
- Richard Hudson (R-NC-08)
- Will Hurd (R-TX-23)
As always, please reach out to us if you would like any support in preparing for your meetings with members of Congress and/or their staff, either in D.C. or at home.
September New ACTION Members
ACTION now has more than 2,300 organizational members nationwide. We would like to welcome our newest national member, DMA Companies, who joined us this September!
Help us continue to grow ACTION by inviting your state and local housing partners to join our coalition! Our strength is in our numbers, and the more support we have the better we can demonstrate to members of Congress that businesses and organizations across the country support strengthening the Housing Credit.
In particular, we encourage businesses, economic development groups, and chambers of commerce to join ACTION, as housing is so critical to attracting workers and building on the economic activity in communities across the nation.
In the News…
In an August 29 article from Multi-Housing News, Nevada HAND Director of Real Estate Development David Paull discusses how he considers the “affordable housing crisis in Las Vegas to be severe and growing,” noting that the Affordable Housing Credit Improvement Act would help alleviate the affordable housing shortage in his community.
Other Policy Updates
Notice of Proposed Rulemaking for Community Reinvestment Act Anticipated this Fall
A Notice of Proposed Rulemaking (NPR) for the Community Reinvestment Act (CRA) is expected to be released this fall from the Office of the Comptroller of the Currency (OCC) alone or in concert with the Federal Reserve Board of Governors and the Federal Deposit Insurance Corporation. The NPR is expected following Comptroller of the Currency Joseph Otting’s multi-city tour to visit communities that have benefited from activities encouraged by the CRA, and which included tours of Housing Credit properties. ACTION and its partners will continue to monitor any developments with CRA modernization and will engage to ensure that any proposed regulations continue to support critical investments into low- and moderate-income communities.
Senate Appropriations Committee Advances THUD and Agriculture-FDA Legislation
Earlier this month, the Senate Appropriations Committee unanimously approved FY20 legislation on Transportation, Housing and Urban Development (THUD) and Agriculture-FDA. Both pieces of legislation are now ready for floor consideration. Highlights from the new legislation include $1.25 billion for the HOME Investment Partnership program, level with FY19, and $3.3 billion for Community Development Block Grant program, which is also level with FY19. The THUD bill also includes $23.833 billion for Tenant-Based Rental Assistance and $12.56 billion for Project Based Rental Assistance, both higher numbers than FY19.
House members completed their work on FY20 legislation prior to the budget deal being finalized and must now readjust their funding levels, as their drafts included higher topline numbers. Congress has passed and the President has signed a continuing resolution to fund the government through November 21. This will give Congress more time to negotiate final legislation that adheres to overall spending levels agreed to in the budget deal.