Trump to NAHB Chairman: ‘We’re Going to Make Home Building Great Again’

 NAHB Now | The News Blog of the National Association of Home Builders 

Filed in Capitol Hill, Leadership, Membership by on March 1, 2017 
 

granger and pence

Vice President Mike Pence (left) extends a friendly hand to Granger MacDonald.

NAHB Chairman Granger MacDonald had an important message for President Trump on Tuesday. And Trump had a very positive message for home builders.

MacDonald, who was in Washington, D.C. for the week to attend meetings on Capitol Hill, had just been invited to the White House to attend a ceremony in which Trump would sign an executive order directing the Environmental Protection Agency and the U.S. Army Corps of Engineers to begin rolling back the controversial “waters of the United States” rule.

“I looked right at him and I said, ‘When you talked to our board in August, you promised that you would fix this. On behalf of our 140,000 members, thank you.’ And he said to me, ‘I bet you thought it would be at the end of four years and not right away, right?  We’re going to make home building great again.’”

MacDonald is glad he spoke up. “When you only get five or 10 seconds to say something, when you see the opportunity, you’ve got to run at it as straight as you can,” he said.

The ceremony also gave MacDonald an opportunity to talk to Vice President Mike Pence, who as governor of Indiana had productive relationships with members of the Indiana Builders Association. “The vice president is a very common-sense individual, and he is definitely a friend of home building,” MacDonald said.

While the group waited for the president to arrive, MacDonald struck up a conversation with EPA Administrator Scott Pruitt. “It was a good, long visit,” MacDonald said, in which he emphasized builders’ respect for the environment, but also the need for cost-effective, common-sense regulation that does not hurt small businesses or curb economic growth.

These conversations, even brief ones, speak to the value of NAHB membership, MacDonald said. “When the president says he’s going to make home building great again, that’s important.

“We are at the White House within the first 40 days of this administration,” he pointed out. “Whether our members support Trump or not, we are right in the middle of it, where we need to be. You are either at the table or being served on the menu. We are at the table.”

 


 

Reintroduce Affordable Housing Credit Improvement Act 

 
Cantwell, Hatch Introduce Bipartisan LIHTC Legislation That Would Increase Allocations, Fix 4% Credit Rate
Sen. Maria Cantwell (D-Wash.) and Senate Finance Committee Chair Orrin Hatch (R-Utah), on Tuesday introduced the Affordable Housing Credit Improvement Act to strengthen and expand the Low Income Housing Tax Credit. 
 
This legislation, which was also introduced during the last Congress, would increase LIHTC allocations by 50%, and make a number of improvements to the program – notably, fixing the 4% credit rate. Other proposed changes include:
  • Permit broader income-mixing within housing credit developments in order to preserve rigorous targeting while providing more flexibility and responsiveness to local needs, and maintaining a 60% area median income average.
  • Prohibit states from including local approval and contribution provisions as either a threshold requirement or part of a point system in the QAPs
  • Repeal the Qualified Census Tract population cap, enabling properties in more areas to receive a basis boost.
  • Increase the amount of housing credits for developments serving extremely low-income tenants to make these developments more financially feasible.
  • Rename the “Low Income Housing Tax Credit” the “Affordable Housing Tax Credit.”
Joining Cantwell and Hatch as original cosponsors are Sen. Ron Wyden (D-Ore.), ranking member of the Finance Committee, Sen. Charles Schumer (D-N.Y.), the Democratic Leader, and Sens. Cory Booker (D-N.J.), Dean Heller (R-Nev.), Patrick Leahy (D-Vt.), Jeff Merkley (D-Ore.), Lisa Murkowski (R-Alaska), Brian Schatz (D-Hawaii), and Todd Young (R-Ind.).
 
NAHB will work with its coalition partners to build support for this bill.
 
Sen. Cantwell also released a report from her office on the growing affordable housing crisis which highlights the need for increased resources to meet the exploding demand.

 

 

 

Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced S. 548, the Affordable Housing Credit Improvement Act of 2017, a bill that will strengthen the Low-Income Housing Tax Credit and provide vitally needed resources for the production and rehabilitation of affordable housing.  Joining Senators Cantwell and Hatch as original cosponsors of the bill are Senator Ron Wyden (D-OR), ranking member of the Finance Committee; Senator Charles Schumer (D-NY), the Democratic Leader; and Senators Michael Bennet (D-CO), Cory Booker (D-NJ), Susan Collins (R-ME), Dean Heller (R-NV), Patrick Leahy (D-VT), Jeff Merkley (D-OR), Lisa Murkowski (R-AK), Brian Schatz (D-HI) and Todd Young (R-IN). 

The ACTION Campaign, of which the Housing Advisory Group is a member, joined Senator Cantwell and Chairman Hatch in supporting this critical piece of legislation.  ACTION and its coalition of 2,000 affordable housing organizations from across the country, has sent a letter to every Member of Congress outlining the crisis in affordable housing and asking them to support this legislation. 

In conjunction with the introduction of the Affordable Housing Improvement Act of 2017, Senator Cantwell released a report, Meeting the Challenges of the Growing Affordable Housing Crisis, outlining the three key factors that have fueled the crisis: an increase of 9 million renters since 2005 – the largest increase on record, the removal of 13 percent of existing affordable housing units and stagnant wages.

“The affordable housing crisis is exploding all across the country.  We are facing pressures from all sides: demand for rental housing has increased by 21 percent, but we are building units at the lowest rate since the 1970s,” said Cantwell. “If we do not act to increase the Low-Income Housing Tax Credit – our best way to build new affordable homes – by 2025 over 15 million Americans could be spending half their income on rent.  This is unacceptable.”

This is the moment we have been asking all HAG members to work toward as this legislation, in conjunction with our efforts on tax reform, will form the foundation for the future of the LIHTC program.  We ask that you reach out to your Senators and ask them to support S. 548 and become a cosponsor of the bill.  Use the ACTION letter and highlight the organizations from your state that support this effort.  You should also feel free to forward the report by Senator Cantwell and the State Fact Sheet for your state, both of which make a more than compelling case for the legislation.  Please keep us advised on the success of your outreach.

We hope to have companion legislation from the House soon and will keep you apprised as that progresses.  


 

 

Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced S. 548, the Affordable Housing Credit Improvement Act of 2017, a bill that will strengthen the Low-Income Housing Tax Credit and provide vitally needed resources for the production and rehabilitation of affordable housing.  Joining Senators Cantwell and Hatch as original cosponsors of the bill are Senator Ron Wyden (D-OR), ranking member of the Finance Committee; Senator Charles Schumer (D-NY), the Democratic Leader; and Senators Michael Bennet (D-CO), Cory Booker (D-NJ), Susan Collins (R-ME), Dean Heller (R-NV), Patrick Leahy (D-VT), Jeff Merkley (D-OR), Lisa Murkowski (R-AK), Brian Schatz (D-HI) and Todd Young (R-IN). 

 

The ACTION Campaign, of which the Housing Advisory Group is a member, joined Senator Cantwell and Chairman Hatch in supporting this critical piece of legislation.  ACTION and its coalition of 2,000 affordable housing organizations from across the country, has sent a letter to every Member of Congress outlining the crisis in affordable housing and asking them to support this legislation. 

 

In conjunction with the introduction of the Affordable Housing Improvement Act of 2017, Senator Cantwell released a report, Meeting the Challenges of the Growing Affordable Housing Crisis, outlining the three key factors that have fueled the crisis: an increase of 9 million renters since 2005 – the largest increase on record, the removal of 13 percent of existing affordable housing units and stagnant wages.

 

“The affordable housing crisis is exploding all across the country.  We are facing pressures from all sides: demand for rental housing has increased by 21 percent, but we are building units at the lowest rate since the 1970s,” said Cantwell. “If we do not act to increase the Low-Income Housing Tax Credit – our best way to build new affordable homes – by 2025 over 15 million Americans could be spending half their income on rent.  This is unacceptable.”

 

This is the moment we have been asking all HAG members to work toward as this legislation, in conjunction with our efforts on tax reform, will form the foundation for the future of the LIHTC program.  We ask that you reach out to your Senators and ask them to support S. 548 and become a cosponsor of the bill.  Use the ACTION letter and highlight the organizations from your state that support this effort.  You should also feel free to forward the report by Senator Cantwell and the State Fact Sheet for your state, both of which make a more than compelling case for the legislation.  Please keep us advised on the success of your outreach.

 

We hope to have companion legislation from the House soon and will keep you apprised as that progresses.  


Founded in 1997, the Texas Affiliation of Affordable Housing Providers (TAAHP) is a non-profit trade association serving as the primary advocate and leading resource for the affordable housing industry in Texas. Our vision is to inspire and engage our members and stakeholders to end the affordable housing crisis in Texas.

Contact Us

221 E. 9th Street, Suite 408
Austin, TX 78701

TAAHP

TAAHP

Phone: 512-476-9901 | Email: info@taahp.org

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