Legislative News

Final Average Income Test Rules and Housing Credit Deadline Extensions

The Affordable Housing Tax Credit Coalition applauds the significant progress announced on the Biden Administration’s Housing Supply Action plan, which includes new guidance to provide flexibility to the Low-Income Housing Tax Credit (Housing Credit). Two new regulations – a final rule on the average income test and extensions of Housing Credit program deadlines – will make more affordable housing developments financially feasible at a time when the need for affordable housing is skyrocketing.

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Oct 10, 2022

Jean Latsha Roger Arriaga

TAAHP President & Executive Director provide testimony at the Texas House of Representatives Urban Affairs hearing

On July 14th, TAAHP’s new Board President, Jean Latsha and Executive Director, Roger Arriaga provided public testimony at the Urban Affairs Committee hearing in Houston, Texas. TAAHP would like to thank Chairman Cortez and all the Urban Affairs Committee members for inviting TAAHP to speak on their interim charge related to workforce housing. We are grateful for their consideration.

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Aug 18, 2022

State and Local Fiscal Recovery Fund

U.S. Senate Introduces Bipartisan LIFELINE Act

Senators Patrick Leahy (D-Vt.), Susan Collins (R-Maine), Ron Wyden (D-Ore.) Michael Bennet (D-Colo.), Catherine Cortez Masto (D-Nev.), Angus King (I-Maine), Maggie Hassan (D-N.H.), Alex Padilla (D-Calif.), Jack Reed (D-R.I), Bernie Sanders (I-Vt.) and Sheldon Whitehouse (D-R.I.) on Thursday introduced the bipartisan S. 4181 LIFELINE Act (LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence), to improve the use of state and local and Fiscal Recovery Plan Funds with the nation’s largest affordable housing funding mechanism, the Low-Income Housing Tax Credit (LIHTC).

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May 19, 2022

State and Local Fiscal Recovery Fund

TAAHP signs letter urging Congress to amend COVID State & Local Recovery Fund to preserve LIHTC Housing

On April 12, TAAHP signed on to the letter sent to Congress by NCHSA and signed by 82 organizations representing state and local government officials and Housing Credit industry participants. The letter urged congressional leaders to amend the underlying statute of the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) to facilitate its use with the Low-Income Housing Tax Credit (Housing Credit) program so that states and local governments may use these funds to build and preserve desperately needed affordable rental housing.

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Apr 14, 2022

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