In a June 1 bipartisan letter to Congress, 67 mayors representing communities across 28 states and the District of Columbia called for the inclusion of the ACTION Campaign’s Low-Income Housing Tax Credit (Housing Credit) priorities in the next Covid-19 response bill. The letter, which was circulated by the Seattle Office of the Mayor and the ACTION Campaign, urges Members of Congress to advance ACTION’s proposals for immediate Housing Credit relief: the enactment of a minimum 4 percent Housing Credit rate and the lowering of the “50 percent test” bond financing threshold for 4 percent Housing Credit developments. The mayors cite the urgent need for affordable rental housing in their cities, particularly in light of the economic downturn in the face of Covid-19, and highlight these proposals as immediate solutions to include in the next round of response legislation.
Enterprise and its ACTION Campaign partners urge affordable housing advocates to share the mayoral sign-on letter with their Members of Congress, particularly members of the Senate, who are likely currently drafting their version of the next response package. Other mayors can still sign-on to the letter, which will be updated on ACTION’s website on a rolling basis.