AHTCC Communicates Concern With Tax Reform Proposals Currently Being Discussed on Capitol Hill and at the White House

Thursday, January 6, 2005 - 7:30AM

The Affordable Housing Tax Credit Coalition (AHTCC), along with other members of the affordable housing industry, is concerned with the numerous tax reform proposals currently being discussed on Capitol Hill and at the White House. Several of the proposals, including a value added tax (VAT) and national sales tax (in place of an income tax) could have a negative impact on the value of tax preferences, including the low-income housing tax credit (LITHC). If the LIHTC is devalued, a significant gap in funding for affordable housing could go unmet. Throughout the coming months, members of the AHTCC will be meeting with members of Congress to discuss the importance of the LIHTC program and the potential impact of various tax proposals on this important program. The AHTCC encourages others to seek meetings with their congressional representatives and is happy to provide contact and other information as necessary. For more information, contact Francine Friedman at [email protected] or visit the AHTCC web site: www.taxcreditcoalition.org.

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