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Housing Groups Call for Congressional, Administration Action

Wednesday, February 12, 2003 - 1:45AM

A coalition of nine national housing organizations this week laid out a dynamic plan that calls on Congress and the Bush Administration to take immediate and specific actions to stimulate the production and preservation of affordable housing, create new jobs and spur economic growth. The coalition, formed under the auspices of the National Housing Conference (NHC), recommends implementing a homeownership tax credit, like the one proposed by President Bush in his fiscal year 2004 budget; calls for a new multifamily production program to expand and preserve the supply of affordable rental housing in mixed-income communities; and recommends enhancements to the low-income housing tax credit (LIHTC), the HOME Investment Partnerships program (HOME), and the mortgage revenue bond (MRB) program. 

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