In a joint letter sent today, CLPHA and the MTW Collaborative strongly urged President Joe Biden, House Speaker Nancy Pelosi, and Senate Majority Leader Chuck Schumer to maintain investments in the Low-Income Housing Tax Credit program as part of the historic Build Back Better legislation.
CLPHA has joined organizations representing housing authorities and administrators to urge Congress to keep housing funding in the Build Back Better Act.
Housing is at serious risk of being removed from the Build Back Better Act, under consideration in the budget reconciliation negotiations currently underway in Congress and the White House. The negotiations are on a fast track and taking place at the highest levels between the House and Senate leadership, key members of Congress, and the White House.
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The House and Senate face a jam-packed agenda upon their return from the August recess with President Biden’s biggest ticket items awaiting immediate action. The window to pass this transformative legislation will not remain open for long.
Fannie Mae and Freddie Mac’s Investment Cap for LIHTC Nearly Doubled to $1.7 Billion
While we may not know the full extent of the damage caused by Hurricane Ida or the California wildfires, our thoughts immediately turn to the most vulnerable segments of our population: low-income families and those who risk displacement from their homes.
The Council of Large Public Housing Authorities and its entire membership supports providing assistance in every way we can to colleagues, partners, friends, and housing residents who have been affected by the devastation caused by Hurricane Ida and the wildfires in California.
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