Yesterday, the White House announced a new Housing Supply Action Plan to increase the supply of affordable housing. The plan makes clear the fundamental and unparalleled role the Housing Credit plays in the development of affordable rental housing. The plan again states the Administration’s strong support for several of ACTION’s […]
Senate Legislation Introduced to Facilitate Use of Fiscal Recovery Funds with Housing Credit
On May 11, Senate legislation was introduced to allow the use of Coronavirus State and Local Fiscal Recovery Funds (SLFRF) to make long-term loans to Housing Credit developments. The LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act, or LIFELINE Act, sponsored by Senators Patrick Leahy (D-VT) and Susan Collins […]
May Monthly Newsletter: New AHCIA Cosponsors; International Tax Deal; and Other Housing Credit Updates
Join the ACTION Campaign Monthly Call The ACTION Campaign monthly call will be held on Friday, May 6 at 2:00 PM EDT. Please find the Zoom call information below, and download and import the iCalendar (.ics) files to your calendar system. Join Zoom Meeting: https://enterprisecommunity.zoom.us/j/97691009830?pwd=MThDdmxTRkl5UXhXeGttMkUycGFDdz09 Meeting ID: 976 9100 9830 Password: 314424 […]
April Monthly Newsletter: Legislative Update & New AHCIA Cosponsors
Join the ACTION Campaign Monthly Call The ACTION Campaign monthly call will be held on Friday, April 1 at 2:00 PM EDT. Please find the Zoom call information below, and download and import the iCalendar (.ics) files to your calendar system. Join Zoom Meeting: https://enterprisecommunity.zoom.us/j/97691009830?pwd=MThDdmxTRkl5UXhXeGttMkUycGFDdz09 Meeting ID: 976 9100 9830 […]
March Monthly Newsletter: Legislative State of Play, Honoring Black History Month, & Other Housing Credit News
The ACTION Campaign monthly call will be held on Friday, March 4 at 2:00 PM EST. Please find the Zoom call information below, and download and import the iCalendar (.ics) files to your calendar system. Join Zoom Meeting: https://enterprisecommunity.zoom.us/j/97691009830?pwd=MThDdmxTRkl5UXhXeGttMkUycGFDdz09 Meeting ID: 976 9100 9830 Password: 314424 One tap mobile: +19292056099,,97691009830# US (New York) […]
Black History Month: A Reflection on Redlining and the Housing Credit’s Positive Impact on Economic Mobility
Blog post authored by Nafissatou Seck, Tax Policy Intern at Enterprise Community Partners, and Krista D’Alessandro, Senior Tax Policy Analyst at Enterprise Community Partners Each February, the nation honors Black History Month and the many contributions of Black Americans throughout history. During this important time of reflection, there is much […]
February Monthly Update: Legislative State of Play & Other Housing Credit News
The ACTION Campaign monthly call will be held on Friday, February 4 at 2:00 PM EST. Please find the Zoom call information below, and download and import the iCalendar (.ics) files to your calendar system. Join Zoom Meeting: https://enterprisecommunity.zoom.us/j/97691009830?pwd=MThDdmxTRkl5UXhXeGttMkUycGFDdz09 Meeting ID: 976 9100 9830 Password: 314424 One tap mobile: +19292056099,,97691009830# US […]
January Monthly Newsletter: Legislative Update & ACTION 2021 Year in Review
Join the ACTION Campaign Monthly Call The ACTION Campaign monthly call will be held on Friday, January 7 at 2:00 PM EST. Please find the Zoom call information below, and download and import the iCalendar (.ics) files to your calendar system. Join Zoom Meeting: https://enterprisecommunity.zoom.us/j/97691009830?pwd=MThDdmxTRkl5UXhXeGttMkUycGFDdz09 Meeting ID: 976 9100 9830 Password: 314424 One […]
ACTION Alert: Historic Investment Included in Senate Finance Committee Build Back Better Legislative Text
On Saturday, December 11, the Senate Finance Committee released bill text, updating the tax section of the Build Back Better Act that passed the House in November. The new Senate text largely mirrors the House version, with historic investments in the Housing Credit, though it includes a couple of changes […]
ACTION Update: IRS Issues Guidance on Application of Permanent, Minimum 4 Percent Rate
Yesterday, the Internal Revenue Service (IRS) issued Revenue Ruling 2021-20 and Revenue Procedure 2021-43 providing guidance on the application of the permanent minimum 4 percent Housing Credit rate established for bond-financed buildings in the Consolidated Appropriations Act of 2021. Check out a recent blog post from ACTION Co-Chair Jennifer Schwartz, director of tax and advocacy at NCSHA, […]