by Ethan Handelman
NHC offered a statement for the record in support of the Low Income Housing Tax Credit to the Real Estate Tax Reform Working Group of the House Committee on Ways and Means. We also joined the A.C.T.I.O.N. Campaign’s coalition statement advocating for continuation of the Housing Credit and making credit percentages fixed at 9 percent and 4 percent.
Our comment emphasized the acute need for affordable rental housing and the essential role the Housing Credit plays in filling that need, particularly by creating permanent supportive housing for the most vulnerable in America. We also highlighted how the program aligns public and private incentives using the tax credit mechanism in particular. Read our comment and the A.C.T.I.O.N. letter.