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Take Action Now: Urge Congress to Support Housing Priorities in Relief Legislation

Posted By Administration, Wednesday, September 2, 2020
This week, the House of Representatives is set to vote on H.R. 2, the Moving Forward Act, which will address comprehensive infrastructure and broad relief measures for the U.S. economy in the wake of COVID-19. This legislation, will address several NALHFA-supported affordable housing priorities, including the enactment of a permanent minimum 4 percent Low-Income Housing Tax Credit (Housing Credit) rate, lowering the “50 percent test” for bond-financing to 25 percent, and providing several basis boosts. In addition, it would also extend the deadline of several programs. This legislation is being considered, in part, due to the economic effects of the COVID pandemic and additional legislation is likely to appear before the fall.

As the House considers this bill this week and with the Senate expected to consider their own bill in late July, NALHFA sent an industry letter to House and Senate leadership detailing the crucial industry priorities needed from Congress. To read a copy of that letter, click  here.

In addition, NALHFA has created a grassroots campaign for members to contact their elected officials on these important priorities. Click the link below to urge your officials to support critical affordable housing priorities in any legislation being considered to stimulate the economy. 

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