The ACTION Campaign is a coalition of over 2,300 national, state, and local organizations and businesses working to address our nation’s severe shortage of affordable rental housing by protecting, expanding and strengthening 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 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.
Bipartisan Bill Would Expand & Strengthen the Housing Credit
The Affordable Housing Credit Improvement Act of 2019 (AHCIA) was reintroduced in both the Senate (S. 1703) and the House (H.R. 3077) on June 4.
The identical Senate and House bills contain more than two dozen provisions that draw on the expertise of many practitioners, developers, and Housing Credit advocates, and have the consensus support of the broad affordable housing industry that the ACTION Campaign represents.
The Housing Credit is a Proven Tool to Address the Shortage
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 3.2 million affordable apartments, providing homes to roughly 7.4 million low-income households while transferring risk from the government to the private sector.