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Advocacy

NALHFA is your voice on regulatory and legislative issues.

NALHFA is the premiere association with a Washington DC office and a government relations team representing your interests on Capitol Hill on local housing issues. As we have seen in recent years, Congress is actively pursuing issues which could have a dramatic and devastating impact on whether your organization is able to achieve its mission of providing affordable housing finance. Through NALHFA’s Advocacy Program, our government relations team is armed with a list of strategic legislative priorities, which guides our efforts to promote, protect and advance the industry in Washington.

2018 Legislative and Regulatory Policy Priorities

The National Association of Local Housing Finance Agencies (NALHFA) represents city and county agencies, non-profits and private firms that produce, develop and facilitate affordable single and multi-family housing. On behalf of our members, NALHFA will concentrate its 2018 advocacy activities on key federal affordable housing and development programs, including: 

 

Preserving Private Activity Bonds (PABs)/Municipal Bonds: 

 

A Critical Tool for Affordable Housing Development: Private Activity Tax Exempt Bonds are vital to the success of the Low-Income Housing Tax Credit (Housing Credit) program, helping to finance approximately 40 percent of all Housing Credit production. Preserving the tax exemption on housing bonds is critical to tackling the affordable housing crisis, as the elimination of the bonds would mean 38,000 fewer affordable homes created every year. Additionally, the cap on the amount of private activity tax exempt bonds is a major limiting factor for a growing number of states and localities as they seek to preserve existing affordable and public housing and create new housing to meet the growing need.

 

In 2018, NALHFA will continue its efforts to preserve all tax-exempt housing bonds and seek opportunities to increase private activity tax-exempt bond volume cap so that local HFAs can better meet the needs for affordable housing creation and preservation.

 

The Protection and Enhancement of Low Income Housing Tax Credits (Housing Credit): 

 

Creating Affordable Housing, Strengthening the Economy and Creating Jobs Through Public-Private Partnerships: The Housing Credit is the most successful tool available for incentivizing private investment in the production and preservation of affordable housing. The Housing Credit is structured to allow investors in the private sector to provide equity capital in exchange for a credit against their tax liability. Since it was established in 1986, the Housing Credit has financed over 2.8 million homes for 6.5 million low-income families and generated $100 Billion in private investment in communities nationwide. Every year, the Housing Credit supports more than 90,000 affordable homes and nearly 100,000 jobs every year.

 

In 2018, NALHFA will urge Congress to adopt the provisions in the bi-partisan Affordable Housing Credit Improvement Act to preserve and strengthen the Housing Credit. NALHFA supports the many important proposed improvements to the program, including expanding the program by 50 percent, setting a permanent 4 percent credit rate floor for acquisition and bond-financed projects, and introducing income averaging to reach a wider range of American families.

 

HUD Funding: 

 

Federal Funding is Essential to Affordable Housing Production: The Department of Housing and Urban Development (HUD) programs, such as Community Development Block Grants (CDBG), HOME Investment Partnerships (HOME), Section 8 and other programs, play an important role in providing affordable housing in communities across the country. These funds are often layered in single and multifamily housing projects, including valuable gap financing for Housing Credit properties. CDBG allows states and localities to meet housing and economic development needs of their communities, leveraging other sources of investment at a rate of more than three to one. The HOME program has used its $26 billion in funds to attract more than $117 billion in additional public and private resources to build and preserve nearly 1.2 million affordable homes since 1992. Millions of American households rely on Section 8 rental assistance, many of whom are elderly or disabled.

 

In 2018, NALHFA will continue to protect and restore HUD funding while working with Congress and the Administration to increase program efficiency and flexibility. 

 

For more information, contact NALHFA Policy Director, Heather Voorman at (202) 367-2405 or hvoorman@nalhfa.org.

 

 

more Calendar

5/9/2018 » 5/12/2018
2018 NALHFA Annual Conference

10/2/2018 » 10/4/2018
2018 Legislative Conference

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