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Why Congress Should Enact Housing Credit Program Enhancements Related to the COVID-19 Pandemic

Published on May 5, 2020
Why Congress Should Enact Housing Credit Program Enhancements Related to the COVID-19 Pandemic

This document provides talking points HFAs and their partners can use to advocate for enhancement to the Housing Credit program needed in response to the COVID-19 pandemic, specifically setting a minimum 4 percent credit rate for bond-financed Housing Credit properties, lowering the “50 percent test,” and why members of Congress should weigh in with IRS to expedite Housing Credit COVID-19 guidance.