Enterprise and partners are circulating an organizational sign-on letter asking the IRS and the Treasury for critical Low-Income Housing Tax Credit (Housing Credit) accommodations in response to the COVID-19 pandemic. These accommodations are necessary for addressing consequential disruptions in Housing Credit transactions and construction brought on by the pandemic and related response measures, including understaffed lenders, suspended site inspections, broken supply chains for materials, and local suspensions on construction.
On March 23, NCSHA sent a letter calling on the IRS and Treasury to take immediate steps to ease Housing Credit deadlines and provide other needed program accommodations due to social distancing during the COVID-19 pandemic. Read NCSHA’s letter here.
Please sign-on your organization to this joint letter that expresses strong support for the accommodations listed in NCSHA’s letter.
Please sign-on by Tuesday, April 7 by filling out this Google Form.