House Democrats Ask Pelosi, McCarthy to Include AHCIA in Reconciliation Legislation
A group of 111 House Democrats sent a letter today to House Speaker Nancy Pelosi, D-California, and House Minority Leader Kevin McCarthy, R-California, asking that the Affordable Housing Credit Improvement Act (AHCIA, H.R. 2573, S. 1136) be included in budget reconciliation legislation being considered by Congress. The AHCIA would increase the amount of low-income housing tax credit (LIHTC) allocation, decrease the 50% test for private activity bond-financed housing and make other changes to the LIHTC. Earlier this week, the House approved a budget resolution to clear the path to pass a $3.5 trillion spending bill. Lead signatories on today’s letter were Reps. Suzan DelBene, D-Washington, and Don Beyer, D-Virginia, both members of the House Ways and Means Committee.
Federal legislation for affordable housing will be a major topic at the Novogradac 2021 Affordable Housing Tax Credit and Bond Conference, Sept. 30-Oct. 1 in Nashville.