Background In April 2024, the leadership of the House Ways and Means Committee announced the creation of 10 Republican “tax teams” to craft policy proposals for Republican leadership to consider in the development of its platform for major tax action anticipated as early as next year, in advance of the […]
June 2024 Monthly Newsletter: AHCIA Advocacy News and Date Change for June Call
June and July ACTION Monthly Call Schedule ACTION’s June monthly call will be rescheduled from Friday, June 7 to Friday, June 14 at 2:00 PM ET. ACTION’s July monthly meeting will also be moved to Friday, July 12 at 2:00 PM ET in light of the July 4 holiday; the […]
May 2024 Monthly Newsletter: AHCIA Advocacy Strategies & Other Housing Credit News
Legislative State-of-Play Tax Package Remains Stalled in the Senate As previously reported, the House passed the Tax Relief for American Families and Workers Act (H.R. 7024) in late January and sent the bill to the Senate, where it remains at an impasse. This tax package contains two AHCIA-inspired Housing Credit […]
ACTION Alert: Smith Announces House Tax Teams in Preparation for Major Tax Legislation in 2025
While this year’s tax legislation—the Tax Relief for American Families and Workers Act (H.R. 7024), including two provisions to expand Housing Credit production and preservation—remains stalled in the Senate, House tax writers have already commenced work to prepare for what is expected to be a much more significant tax package […]
ACTION Alert: Continued Advocacy Needed on Tax Package
ACTION Alert: Continued Advocacy Needed on Tax Package The Tax Relief for American Families and Workers Act (H.R. 7024), which contains two AHCIA-inspired Housing Credit priorities, remains stalled in the Senate after having passed the House of Representatives overwhelmingly on January 31 by a 357-70 vote, with strong bipartisan support. […]
April 2024 Monthly Newsletter: AHCIA Advocacy Strategies & Other Housing Credit News
Legislative State-of-Play Tax Package’s Future Remains Murky in the Senate As previously reported, the House passed the Tax Relief for American Families and Workers Act (H.R. 7024) in late January and sent the bill to the Senate, where it has seemingly hit an impasse. As a reminder, this tax package […]
ACTION Alert: White House Releases Plan to Lower Housing Costs for Working Families Ahead of State of the Union Tonight
Today, the White House released a fact sheet detailing President Biden’s plans to lower housing costs for working American families. The fact sheet, published in advance of the President’s State of the Union address tonight, calls for Congress to expand the Housing Credit to create or preserve approximately 1.2 million […]
ACTION Alert: Update on Tax Package
Yesterday, 120 national and statewide housing and community development organizations and coalitions – including numerous ACTION members – sent a letter to Senate leadership in support of the Housing Credit provisions in the tax bill that passed the House 357-70 on January 31, urging Senate action. As a reminder, the […]
ACTION Alert: Tax Package with Key Housing Credit Provisions Passes the House!
Last night, the House passed the tax package that contains two key Housing Credit provisions! The Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) passed by a 357 to 70 vote. The bill’s Housing Credit provisions would finance the construction or preservation of an estimated 200,000 […]
ACTION Alert: Tax Package to be Voted on TONIGHT in the House!
The tax package containing key Housing Credit priorities will be voted on by the full House TODAY, according to the schedule published by the House Majority Leader. The debate on the bill, the Tax Relief for American Families and Workers Act (H.R. 7024), could start as early as 5pm, depending […]