Ask lawmakers to protect the Housing Credit
Your voice matters.
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This week is critical for the Housing Credit.
Now that the House and Senate have both passed separate versions of tax reform legislation, a conference committee will begin the formal work of reconciling differences between the two bills. More information about tax reform is available in our recent NAHMAnalysis on the tax reform bills.
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Advocate to protect the Housing Credit.
Please take a moment to contact all conferees, as well as all Republican members of the House and Senate who represent you, and ask them to retain the housing credit and multifamily bonds.
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Please ask lawmakers to retain Housing Bonds in the final tax reform bill.
Without the multifamily housing bonds, LIHTC production could be reduced by 50% annually. Please request that your lawmakers share the projected negative impacts on their states with leadership and the conferees:
Senate Republican Conferees |
Impact of House Tax Reform bill over 10 years |
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Conference Chair: Finance Committee Chairman Orrin Hatch (R-UT)* | 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. | |
Sen. Mike Enzi (R-WY) | Wyoming 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. | |
Sen. Lisa Murkowski (R-AK)** | 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. | |
Sen. John Cornyn (R-TX) | 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. | |
Sen. John Thune (R-SD) | 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. | |
Sen. Rob Portman (R-OH)** | Ohio would lose 80,680 rental homes, 91,160 jobs, $7,671,310,000 in business income and $2,950,504,000 in federal, state and local taxes over 10 years. | |
Sen. Tim Scott (R-SC)** | South Carolina would lose 8,140 rental homes, 9,200 jobs, $773,868,000 in business income and $297,642,000 in federal, state and local taxes over 10 years. | |
Sen. Pat Toomey (R-PA) | Pennsylvania would lose 12,810 rental homes, 14,480 jobs, $1,218,094,000 in business income and $468,498,000 in federal, state and local taxes over 10 years. |
*Sponsor of Affordable Housing Credit Improvement Act (S. 548)
**Co-sponsor of S. 548
House Republican Conferees |
Impact of House 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, Sample letters to Congressrequesting support for the Housing Credit and Housing Bonds, and state and district factsheets on the impacts of LIHTC
- Novogradac & Company – Analysis of the Tax Cuts and Jobs Act’s impact on affordable housingand state-by-state estimates
Please don’t hesitate to reach out to NAHMA Government Affairs staff for assistance.