On May 31, the ACTION Campaign sent a letter signed by over 2,600 organizations, businesses and public entities urging Congress to support the recently reintroduced bipartisan Affordable Housing Credit Improvement Act (AHCIA). ACTION, co-chaired by Enterprise and the National Council of State Housing Agencies, is the largest and most diverse coalition of affordable housing stakeholders advocating to strengthen and expand the Low-Income Housing Tax Credit (Housing Credit). 

The letter notes that the AHCIA’s main production provisions would finance nearly 2 million additional affordable rental homes over ten years. In addition to calling for Members of Congress to support the legislation through cosponsorship, the signatories also encourage them to include those provisions to expand and strengthen the Housing Credit in any tax legislation that moves forward. At the time of this publication, the House bill, H.R.3238, has 102 total cosponsors including the bill sponsor (51 Democrats, 51 Republicans), with supporters making up 72 percent of the Ways and Means Committee. The Senate bill, S.1557, has 16 total cosponsors including the bill sponsor (8 Republicans, 7 Democrats, 1 Independent), with those supporters representing 37 Percent of the Finance Committee. 

More information on the AHCIA and the letter can be read in an ACTION blog post.