Reminder: ACTION Campaign Monthly Call Moved to July 11

As a reminder, the ACTION Campaign will move the monthly call typically held the first Friday of the month from July 4 to Friday, July 11 at 2:00 PM ET. Please find the Zoom call information below, and download and import the iCalendar (.ics) files to your calendar system.

The monthly newsletter will be sent on Monday, July 7, instead of Monday, June 30.

Join Zoom Meeting:

• https://enterprisecommunity.zoom.us/j/95825393141?pwd=cktXNGdRaW91ditPV3ZPWjdUSlFoQT09
• Meeting ID: 958 2539 3141
• Password: 808007

One tap mobile

• +19292056099,,95825393141# US (New York)
• +16699006833,,95825393141# US (San Jose)

Reconciliation Update

Over the weekend, the Senate released its amended budget reconciliation text that includes permanent expansion of Housing Credit resources! The bill would provide a permanent 12 percent increase to the 9 Percent Housing Credit, instead of the four-year, 12.5 percent increase in the House bill. It would also lower the 50 percent test for bond-financed 4 Percent Credit properties to 25 percent permanently, instead of the four-year lowering proposed by the House. Absent from the Senate text is the four-year, up-to-30 percent basis boosts for Housing Credit properties in rural and tribal communities from the House bill, but by making the first two provisions permanent, the Senate bill is estimated to double the 527,700 additional affordable homes from the House bill to 1.22 million over the next decade. This expansion of the Housing Credit would be the largest in 25 years. Check out ACTION's fact sheets with the impact of the Senate Housing Credit proposals broken down by state.

The Senate has started the voting process today, and it is likely to continue into tomorrow. Assuming it passes, it will go to the House for a vote as early as Wednesday morning. While the bill as a whole has major implications for households across the income spectrum, the Housing Credit provisions would be a considerable achievement in our fight to help low-income households afford their homes. We thank you for your ongoing advocacy.

AHCIA Clears 150 House Cosponsors!

This month, the House version of the AHCIA, H.R. 2725, exceeded 150 cosponsors! The bill was reintroduced just 11 weeks ago and now has 155 cosponsors, including leads, evenly split by party. The AHCIA now has over 36 percent of Congress cosponsoring it, as the Senate version, S. 1515, has 42 cosponsors, including leads, also evenly split by party.

Please continue to help build cosponsorship. The August Recess is fast approaching, so now is the time to invite your Members of Congress to a site visit, groundbreaking, or grand opening to show them the positive impacts the Housing Credit has in their community.