While positive in many ways, the Administration’s 2017 budget request still falls short due to larger budget constraints, despite increased dollars proposed for the homeless which are badly needed and which NAHRO supports. While we recognize the ongoing need to continue the effort to get the nation’s fiscal house in order, we believe that providing a decent and affordable home in a neighborhood of quality for every American family is fundamental to who we are as a nation. NAHRO believes that the bipartisan effort to pass long-overdue housing reforms in HR 3700 by a House vote of 427-0 should also embolden the Congress, in a bipartisan manner, to provide a responsible level of funding for housing and community development programs in FY 2017. The need for these funds is well-documented; they will help many more low- and very-low-income families who need a safe, decent place to call home now!
On Tuesday, Nov. 25, NAHRO is asking members to pitch their Low Income Housing Tax Credit (LIHTC) success stories to local media outlets as a part of our national push to educate members of Congress about why LIHTCs are beneficial and important to their home districts.
The fixed rate 4 percent and 9 percent rates expired at the end of the 2013 calendar year and have not been renewed. There are two legislative options to fix this problem: temporarily extending the credits or permanently authorizing them. NAHRO supports a temporary extension to allow communities to access these critical credits as quickly as possible, but hopes that Congress will approve the permanent authorization to avoid another lapse if a temporary fix is allowed to expire again.