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Grassroots Alert: Final Opportunity to Urge Representatives to support the Housing Credit

13 December 2017
 December 13, 2017
Category Grassroots

Today and tomorrow will be critical for the Housing Credit. Tomorrow, the Tax Reform Conference Committee will hold a meeting on the final tax reform bill. NAHMA expects the conference committee to announce the details of their final tax reform agreement shortly after the meeting. The committee is also likely to produce a final bill by the end of this week. More information about tax reform is available in our recent NAHMAnalysis on the tax reform bills.

Advocate to protect the Housing Credit. Please take a moment to contact House Republican conferees, as well as Republican Representatives who represent your district, and ask them to support the housing credit by retaining private activity bonds (PABs).  At this time, NAHMA believes outreach to Representatives is the most important action members can take right now.

Please ask lawmakers to retain Housing Bonds in the final tax reform bill.  Without the PABs, LIHTC production could be reduced by 50% annually. Please share the projected negative impacts on their state with your Representatives, particularly if they are one of the conferees listed below:

House Republican Conferees Impact of Tax Reform bill

over 10 years

Conference Chair: Ways and Means Chairman Kevin Brady (R-TX-08) ·         Texas would lose 48,590 rental homes, 54,910 jobs, $4,620,840,000 in business income and $1,777,246,000 in federal, state and local taxes over 10 years.
Rep. Devin Nunes (R-CA-22) ·         California would lose 262,110 rental homes, 296,180 jobs, $24,923,472,000 in business income and $9,585,951,000 in federal, state and local taxes over 10 years.
Rep. Peter Roskam (R-IL-06) ·         Illinois would lose 18,120 rental homes, 20,480 jobs, $1,723,217,000 in business income and $662,776,000 in federal, state and local taxes over 10 years.
Rep. Diane Black (R-TN-06) ·         Tennessee would lose 13,510 rental homes, 15,260 jobs, $1,284,501,000 in business income and $494,039,000 in federal, state and local taxes over 10 years.
Rep. Kristi Noem (R-SD at large)* ·         South Dakota would lose 360 rental homes, 410 jobs, $34,299,000 in business income and $13,192,000 in federal, state and local taxes over 10 years.
Rep. Rob Bishop (R-UT-01) ·         Utah would lose 7,140 rental homes, 8,070 jobs, $679,196,000 in business income and $261,229,000 in federal, state and local taxes over 10 years.
Rep. Don Young (R-AK at large)* ·         Alaska would lose 1,760 rental homes, 1,980 jobs, $166,964,000 in business income and $64,217,000 in federal, state and local taxes over 10 years.
Rep. John Shimkus (R-IL-15)* ·         Illinois would lose 18,120 rental homes, 20,480 jobs, $1,723,217,000 in business income and $662,776,000 in federal, state and local taxes over 10 years.
Rep. Fred Upton (R-MI-06) ·         Michigan would lose 9,580 rental homes, 10,830 jobs, $911,125,000 in business income and $350,433,000 in federal, state and local taxes over 10 years.

 *Co-sponsor of Affordable Housing Credit Improvement Act (H.R. 1661)

Tailor your outreach.

Add local insight to your national message.

  • ACTION Campaign – Talking Points on Multifamily Housing Bonds and factsheets on the impacts of LIHTC on States and Congressional Districts.
  • Novogradac & Company – state-by-state estimates on the negative impact of losing PABs, as the House tax bill proposes.

Please don’t hesitate to reach out to NAHMA Government Affairs staff for assistance. This grassroots alert is also available online here.

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