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Act TODAY: Affordable Housing Credit Improvement Act Possible Addition to Omnibus

Posted By Administration, Wednesday, March 21, 2018
 In order to avoid a government shutdown, Congress must pass a massive omnibus spending package that will fund the government through the end of September. The omnibus is set to come out TODAY and pass by March 23rd when the current continuing resolution (CR) runs out. This package will include the funding levels for important housing and community development programs. It will also likely include language on a number of other areas from campaign finance to labor policy as both parties know this is a must pass piece of legislation, and they want to fit in a number of items that would otherwise go unaddressed this legislative session.
 
The Affordable Housing Credit Improvement Act (S. 548, H.R. 1661) continues to be part of Congressional negotiations. The legislation was previously considered for the Tax Cuts and Jobs Act of 2017 and the tax extenders, continuing resolution, and budget caps package recently passed by Congress. While not ultimately included in either of these packages, the bipartisan support generated in this process has given the legislation some major momentum.
 
Sponsors for the Senate version of the bill, Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) are putting great efforts into pushing the bill forward and are looking for any opportunity to advance the legislation.Currently, the best chance for the bill is to be included in the upcoming omnibus.
 
ACT TODAY
Please reach out TODAY to the current co-sponsors of the Affordable Housing Credit Improvement Act and tell them to urge leadership to include the legislation in the upcoming omnibus package. Also, if your member is not already a co-sponsor of the legislation, ask them to sign onto S. 548 and H.R. 1661. They are especially looking for Republican members to cosponsor this legislation.
 
NALHFA has template letters available for you to use. Click here for the Senate template letter Click here for the House template letter .
 
If you would like more information about the Affordable Housing Credit Improvement Act, visit the ACTION Campaign website . NALHFA is a member of this coalition dedicated to protecting and enhancing the Housing Credit that has numerous helpful resources on this subject. Stay tuned to NALHFA news for more information on the omnibus and funding levels for important HUD programs. We will send out a Legislative Alert as soon as there is more information. 

 

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