The ACTION Campaign is calling on Congress to expand the Low-Income Housing Tax Credit (Housing Credit).
Leaders from both sides of the aisle, including President Obama and House Speaker Ryan, recognize that persistent poverty is both destructive to families and a barrier to our nation’s economic growth. We need affirmative policy solutions to prevent people from falling through the cracks if we are to expand opportunity and improve our economic well-being.
Unfortunately, the scarcity of affordable housing is a significant obstacle to our nation’s efforts to alleviate poverty. While programs like the Earned Income Tax Credit are critical to increasing the incomes of low-income families, we need to do more to bring down the costs of housing – the single largest expense for low-income families.
For this reason, the ACTION Campaign is calling on Congress to address our nation’s severe shortage of affordable rental housing by raising the cap on Housing Credit allocation authority by at least 50 percent.
Read the letter and sign on. The deadline for signing on to the letter is Friday, March 11.
All existing ACTION Campaign members will be included in the letter, so if you are already an ACTION Campaign member you do NOT need to sign on. However, we encourage you to share the letter with your networks to help us show broad support for the Housing Credit.
If you have any questions or want to remove your organization from the letter, contact Emily Cadik at email@example.com before the March 11 deadline.