- Created: Friday, 07 June 2019 15:01
- Written by Laura Proescholdt
We need your voice now! On June 4, the bipartisan Affordable Housing Credit Improvement Act (S. 1703 and H.R. 3077) was reintroduced in both the Senate and the House! The bills will provide for approximately 450,500 additional affordable homes over the next ten years.
Sign on to a support letter by Tuesday, June 11!
The ACTION Campaign will be submitting a letter to Congress demonstrating strong support for the Affordable Housing Credit Improvement Act. Read the letter and sign on to support the Affordable Housing Credit Improvement Act of 2019.
“With this legislation, we have an incredible opportunity to make a difference for Minnesota and for communities across the nation who desperately need affordable housing,” said Anne Mavity, Executive Director. “It’s crucial we speak up now and show our strong support for this bill.”
According to the ACTION Campaign, both the House and Senate bills increase the Housing Credit allocation authority by 50 percent. In addition, the bills establish a minimum 4 percent Housing Credit rate, which would allow additional affordable homes to be constructed nationwide. The bills include more than two dozen other provisions that improve policy supporting affordable housing production and preservation.
Minnesota is one of the top 10 states impacted by this legislation.