ACTION Campaign Circulates Sign-On Letter Urging Congress to Raise the Cap on Housing Credit Authority
The A Call To Invest in Our Neighborhoods (ACTION) Campaign, which NCSHA co-chairs with Enterprise Community Partners, is circulating a national sign-on letter calling on Congress to address the nation’s severe shortage of affordable rental housing by increasing Housing Credit authority by at least 50 percent.
The letter speaks to President Barack Obama and House Speaker Paul Ryan’s (R-WI) shared goals of alleviating poverty and expanding opportunity, and argues that the scarcity of affordable housing is a significant obstacle to our nation’s efforts to achieve these objectives. It explains why the Housing Credit program is the best solution for addressing the affordable housing crisis, and outlines how affordable housing promotes financial stability and economic mobility and contributes to local economies through job creation, community revitalization, and the generation of tax revenues.
While NCSHA believes that all state Housing Finance Agencies (HFA) are represented on the letter by virtue of NCSHA’s inclusion as a signatory, HFAs are welcome to sign on individually should they wish to be listed on their own. We also encourage you to circulate the letter to your state and local partners and ask for their support. The deadline for signing the letter is Friday, March 11.
The ACTION Campaign is a national, grassroots coalition of over 1,000 national, state, and local organizations and businesses that support the Housing Credit. For more information about the letter or the ACTION Campaign, contact NCSHA’s Jennifer Schwartz.