The ACTION Campaign is a national coalition of roughly 1,300 organizations and businesses calling on Congress to address our nation’s severe shortage of affordable rental housing by expanding the Low-Income Housing Tax Credit.
America's Affordable Housing Needs are Vast and Growing
More than one in four renter households in the U.S. – roughly 11.4 million – spend more than half of their income on rent, leaving too little for other necessities like food, medical care, and transportation.
Meanwhile, only one in four eligible low-income households receives any housing assistance, and we continue to lose affordable housing from our nation's stock.
Affordable Housing Improves Lives and Communities
Affordable housing promotes financial stability and economic mobility. It leads to better health outcomes, improves children’s school performance, and helps low-income individuals gain employment and keep their jobs.
It also provides a financial return on our nation’s investment. Each year, Housing Credit development supports roughly 96,000 jobs and generates $3.5 billion in tax revenue.
The Housing Credit is a Proven Tool to Address the Crisis
The Housing Credit is our nation’s most successful tool for encouraging private investment in the production and preservation of affordable rental housing.
Since it was created in 1986, it has financed nearly 3 million affordable apartments, providing homes to roughly 6.5 million low-income households while transferring risk from the government to the private sector.