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2017 Tax Reform Resource Page


The House and Senate recently passed separate versions of the Tax Cuts and Jobs Act, a bill that proposes sweeping tax reform. NALHFA came out in strong opposition to several of the provisions of the House bill as it would have devastating impacts on the affordable housing industry. Click here to read NALHFA’s full statement.


Both chambers have voted to go to conference to reconcile the differences between the bills. The Senate Republican conferees include: 

  • Conference Chair: Finance Committee Chairman Orrin Hatch (R-UT) *Republican sponsor of Affordable Housing Credit Improvement Act (S. 548)
  • Sen. Mike Enzi (R-WY)
  • Sen. Lisa Murkowski (R-AK) *co-sponsor of S. 548
  • Sen. John Cornyn (R-TX) 
  • Sen. John Thune (R-SD)
  • Sen. Rob Portman (R-OH) *co-sponsor of S. 548
  • Sen. Tim Scott (R-SC) *co-sponsor of S. 548
  • Sen. Pat Toomey (R-PA) 

The House Republican conferees include:

  • Conference Chair: Ways and Means Chairman Kevin Brady (R-TX-8)
  • Rep. Devin Nunes (R-CA-22)
  • Rep. Peter Roskam (R-IL-6)
  • Rep. Diane Black (R-TN-6)
  • Rep. Kristi Noem (R-SD-at large) *co-sponsor of Affordable Housing Credit Improvement Act (H.R. 1661)
  • Rep. Rob Bishop (R-UT-1)
  • Rep. Don Young (R-AK-at large) *co-sponsor of H.R. 1661
  • Rep. John Shimkus (R-IL-15) *co-sponsor of H.R. 1661
  • Rep. Fred Upton (R-MI-6), who replaced Rep. Greg Walden (R-OR-2) on the committee

ACT TODAY! Reach out to your Members of Congress about these harmful provisions that weaken and eliminate valuable affordable housing tools. Some of the issues to mention include:

  • The tax exemption on private activity bonds (PABs) would be eliminated through the House legislation. This includes multifamily Housing Bonds which are critical to the Low Income Housing Tax Credit (Housing Credit) program. NALHFA urges Congress to preserve private activity tax exempt housing bonds.
  • Another essential affordable housing tool, the Mortgage Credit Certificate (MCC), is also repealed in the House legislation. Housing Finance Agencies have helped hundreds of thousands of homebuyers by converting some of their bond authority to MCCs which provide the homebuyer with a federal tax credit for interest paid on their mortgage. NALHFA urges Congress to preserve the Mortgage Credit Certificate.
  • The corporate tax rate would drop from 35 percent to 20 percent effective January 1, 2018. This drop would likely make investment in Housing Credits less appealing.  NALHFA urges Congress to make adjustments to offset the impact of a lower corporate rate on Housing Credit investment.
  • The New Markets Tax Credit (NMTC) allocation authority would be eliminated after 2017. The NMTC has been authorized through 2019, so this legislation would void the two years of allocation that has already been authorized. The historic rehabilitation credit would be repealed beginning in 2018. NALHFA urges Congress to preserve all tax credits that alleviate the affordable housing crisis plaguing every city, county, and state in the nation. 

The Senate version of the legislation is overall much better for affordable housing and community development, preserving private activity tax exempt bonds (PABs), the low-income housing tax credit (Housing Credit), New Markets Tax Credits (NMTC), and the historic preservation credit. The Senate version does propose a corporate tax rate drop from 35 percent to 20 percent, however, making investment in the Housing Credit less appealing. 


Below are some resources you can use to help your local housing finance agency advocate for the preservation of the important affordable housing tools that are on the chopping block through this legislation. 


Template Tax Reform Letter

Tax Reform Talking Points

Private Activity Tax Exempt Bonds One-Pager

Multifamily Housing Bonds One-Pager

Social Media Guide

House Ways and Means Committee Member Contact Information

Senate Finance Committee Member Contact Information

Letter from Rep. Hultgren to Leadership in Support of Private Activity Bonds

Novogradac & Co analysis of tax reform's impact on affordable housing-House

Novogradac & Co analysis of tax reform's impact on affordable Housing-Senate

Council of Development Finance Agencies (CDFA) Letter Signed by NALHFA

The Full House Bill and Summary Documents

The Chairman's Mark of the Senate Bill


If you need additional resources or assistance regarding tax reform advocacy efforts, please contact NALHFA's Policy Director, Heather Voorman at or 202-367-2405. 

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

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