Yesterday the House approved a motion to go to conference to reconcile differences between the House and Senate version of the Tax Cuts and Jobs Act. The House Republican conferees are:
- Conference Chair: Ways and Means Chairman Kevin Brady (R-TX-8)
- Rep. Devin Nunes (R-CA-22)
- Rep. Peter Roskam (R-IL-6)
- Rep. Diane Black (R-TN-6)
- Rep. Kristi Noem (R-SD-at large) *co-sponsor of Affordable Housing Credit Improvement Act (H.R. 1661)
- Rep. Rob Bishop (R-UT-1)
- Rep. Don Young (R-AK-at large) *co-sponsor of H.R. 1661
- Rep. Greg Walden (R-OR-2)
- Rep. John Shimkus (R-IL-15) *co-sponsor of H.R. 1661
House Democratic conferees were also appointed, though their influence will be limited: Ways and Means Committee Ranking Member Richard Neal (D-MA-1) (the lead Democrat on the Affordable Housing Credit Improvement Act), Rep. Sander Levin (D-MI-9), Rep. Lloyd Doggett (D-TX-35), Rep. Raúl Grijalva (D-AZ-3) and Rep. Kathy Castor (D-FL-14).
The Senate has not yet announced its conferees or voted to go to conference, but ACTION members should begin outreach to House Republican conferees immediately to make the case for preserving Housing Bonds. Republican members who are not on the conference committee should still weigh in with leadership and the conferees.
Over the weekend the Senate passed its tax reform bill, which retains the Housing Credit and multifamily Housing Bonds. The House version of the Tax Cuts and Jobs Act would retain the Housing Credit, but repeal private activity bonds, including multifamily Housing Bonds. If Housing Bonds are repealed, roughly 800,000 affordable homes would not be built or preserved over the next decade, according to analysis from Novogradac & Company.
See our overview of the provisions in the House and Senate tax reform bills impacting affordable housing and our priorities in conference. Our top priority as the House and Senate head to conference is the preservation of multifamily Housing Bonds, which face risk of elimination.