![]() |
Extenders' Housing Provisions in Doubt July 21, 2010
Rachel ReillyYesterday afternoon, the Senate voted to extend unemployment insurance, but left the rest of H.R. 4213, including the extension of the Low Income Housing Tax Credit (LIHTC) exchange program, in doubt. As the LIHTC market remains depressed and many state agency-approved LIHTC projects are sidelined pending congressional action to extend the exchange program, it is imperative that Congress understands how important this program is to affordable housing.
The A.C.T.I.O.N. campaign has authored a letter as a way to demonstrate to Congress
Please review the letter and email Peter Lawrence at plawrence@enterprisecommunity.org to confirm your support by close-of-business this Thursday, July 22.
Albuquerque Journal, Carryback Proposal June 28, 2010
Rachel ReillyLast Thursday, the Albuquerque Journal carried an opinion editorial promoting our carryback proposal and explaining the importance of Senator Bingaman's bill to reinvigorate the Low Income Housing Tax Credit (LIHTC) program.
We greatly appreciate those of you who have reached out to your Senators in the
past, and we urge you to use this opinion editorial as you continue to follow
up with your Senators.
Encourage your Senators to co-sponsor both the Cantwell (S.3326) and
Bingaman (S.3141)
bills. Also ask your Senators to urge Senate Finance Committee Chairman Baucus
(D-MT) and Ranking Member Grassley (R-IA) to include the Cantwell and Bingaman
proposals in the Senate version of the small business jobs bill. We need to
have as much support as possible before the small business jobs bill (H.R.
5297) comes to a vote.
If you have any questions about how to make your appeal or if you hear any
news, please contact Peter Lawrence, (202) 649-3915. Also, if your
organization is not listed among our supporters here,
please contact Rachel Reilly (202) 649-3903 to sign on.
Read more, Comments: 0
Extenders Bill, Cloture Motion Fails June 25, 2010
Rachel ReillyLast night, the Senate failed in its efforts to pass the American Jobs and Closing Tax Loopholes Act (H.R. 4213). The Cloture Motion was rejected when only 57 of the 60 votes required were obtained. The Senate will now refocus its energy towards the small business jobs bill which they will vote to proceed on at 5:30 pm on Monday (June 28th).
Read more, Comments: 0Extenders Bill, Small Business Jobs Bill June 17, 2010
Rachel ReillyPlease visit our Advocacy Toolkit for updated text and summary of the American Jobs and Closing Tax Loopholes Act (H.R.4213).
We have also uploaded text and summary for the new small business jobs bill, the Small Business Jobs Tax Relief Act of 2010 (H.R.5486). Read more, Comments: 1
A.C.T.I.O.N. Legislation Moving in Congress May 25, 2010
Alexandra ChaikinThere are currently two tax bills pending in Congress which are important to the ACTION campaign.
The first is the American Jobs and Closing Tax Loopholes Act (H.R. 4213). You likely received an alert regarding this bill last week. This is the final version of the “tax extenders” bill. House Ways and Means Committee Chairman Levin and Senate Finance Committee Chairman Baucus worked together to reconcile House and Senate versions of the bill. The ACTION proposal to extend the 9% credit exchange program for one year is included in this bill.
H.R. 4213 is scheduled for final passage by both the House and the Senate this week A vote will first occur in the House. If it passes, it will be followed shortly thereafter by a vote in the Senate.
The second important legislative vehicle is the Senate version of small business jobs bill (H.R. 4849) for which we have an action alert here. We need to attach the Bingaman (S.3141) and Cantwell (S.3326) bills as amendments to the small business jobs bill in order to pass the carryback and 4% credit proposal as we originally proposed it.
The 4% rebate as passed in the House small business jobs bill is very limited and difficult to use. Campaign members are working hard to correct this.
In the current draft of the Senate small business jobs bill, there is a general 5-year carryback, but it only applies to businesses with less than $50 million in receipts. Campaign members are working to modify this measure to apply to the entity receiving the funds.
What you can do
Your continued support is invaluable as we urge Congress to pass these measures. Please continue to follow-up with your Senators and Representatives on these issues. Tell your Senators to co-sponsor the Bingaman and Cantwell bills. Urge your Representatives to support the “extenders” bill.
Supporting materials are available in the Advocacy Toolkit.
Legislative updates are posted on our Twitter and Facebook accounts.
Read more, Comments: 0NY Times Editorial on Our Bills May 14, 2010
Alexandra ChaikinToday the New York Times carries an editorial explaining the importance of Senator Cantwell's and Senator Bingaman's bills to reinvigorate the Low Income Housing Tax Credit (LIHTC) program. This editorial is the result of hard work by Enterprise Community Partners to explain the importance of the A.C.T.I.O.N. (A Call To Invest In Our Neighborhoods) campaign proposals to the NY Times and other media outlets.
We greatly appreciate those of you who have reached out to your Senators in the past weeks, and we urge you to use this editorial today as a reason to follow up with your Senators.
Encourage your Senators to co-sponsor both the Cantwell (S.3326) and Bingaman (S.3141) bills. Also ask your Senators to urge Senate Finance Committee Chairman Baucus (D-MT) and Ranking Member Grassley (R-IA) to include the Cantwell and Bingaman proposals in the Senate version of the small business jobs bill.
We need to have as much support as possible before the small business jobs bill comes to a vote, which is expected to occur soon, no later than before Memorial Day.
If you have any questions about how to make your appeal or if you hear any news, please contact Peter Lawrence, (202) 649-3915. As a reminder, there are also helpful materials in the Advocacy Toolkit.
Read more, Comments: 0
Senator Cantwell introduces S.3326 May 10, 2010
Alexandra ChaikinSo far co-sponsors of the bill are:
- Senator Kerry (D-MA)
- Senator Boxer (D-CA)
- Senator Schumer (D-NY)
Important targets are Senate Finance Committee members and signatories to the Kerry/Cantwell Dear Colleague letter.
Thank you to all our supporters who have already worked to engage Senators on the Bingaman bill. Senator Sherrod Brown's (D-OH) recent co-sponsorship of the Bingaman bill (S.3141) is yet another example of how local advocacy efforts matter.
Read more, Comments: 0
Summary of Sen. Bingaman's bill S.3141 April 15, 2010
Alexandra ChaikinS. 3141 would increase the carryback period for the Low Income Housing Tax Credit from one to a maximum of five years. Ernst & Young recently determined that this would bring in $5 billion in additional private LIHTC investments. The bill would thus reinvigorate investment in the LIHTC program and produce needed affordable housing while preserving and creating jobs.
We are currently seeking co-sponsors in the Senate, especially from members of the Senate Finance Committee. The updated list of co-sponsors is:
- Sen. Cantwell (D-WA)
- Sen. Kerry (D-MA)
- Sen. Menendez (D-NJ)
- Sen. Schumer (D-NY)
- Sen. Stabenow (D-MI)
- Sen. Merkley (D-OR)
The bill summary and status is available on Thomas.gov (Library of Congress).
The full text of the bill is also available here. Read more, Comments: 0
Small Business Jobs Creation and LIHTC March 12, 2010
Alexandra ChaikinYou may read a summary here of House version of the small business jobs bill (H.R. 4849, "The Small Business and Infrastructure Jobs Tax Act of 2010"). The full text of the House bill as passed is here.
All documents are available on our Advocacy Toolkit page.
Read more, Comments: 0
HUD Working Paper on Affordable Rental Housing January 28, 2010
Alexandra ChaikinThe HUD paper is available here and on our advocacy page.
Read more, Comments: 0
Updated Impact Numbers for our Proposals December 09, 2009
Alexandra ChaikinIf you handed out materials to Hill staff before, please reconnect with them to share the latest information and remind them to show their support for our proposals. We are focused on the jobs bill as a vehicle.
Read more, Comments: 0
Video of Speaker Pelosi supporting LIHTC November 21, 2009
Alexandra Chaikinhttp://rentalhousingaction.edicypages.com/stories-profiles/video-gallery
This is also available on YouTube so please share with other interested parties.
Read more, Comments: 0
Rebuttal Arguments now available November 04, 2009
Alexandra ChaikinThese can be used as rebuttals to common misconceptions
Affordable vs Conventional Housing Market: Data and Arguments (PDF, 122 KB)
Carryback FAQs (PDF, 252 KB)
Carryback Justification Talking Points (PDF, 59 KB)
Read more, Comments: 0
State Fact Sheets now more user friendly November 03, 2009
Alexandra ChaikinRead more, Comments: 0
Contact local media with a Letter to the Editor October 28, 2009
Alexandra ChaikinRead more, Comments: 0
Contact Congress with our letter October 20, 2009
Alexandra ChaikinRead more, Comments: 0
Ernst and Young Study Completed October 13, 2009
Alexandra ChaikinRead more, Comments: 0
A.C.T.I.O.N. Coalition Reaches 100 October 07, 2009
Alexandra ChaikinA.C.T.I.O.N. Coalition in High Growth September 24, 2009
Alexandra ChaikinWe are also seeking stories, photos, and videos which demonstrate the human side of LIHTC. It is important for Congress to understand that this tax credit is more than a series of regulations, that it is a means of providing families with safety and security in these tough economic times.
Selected materials will be posted in the Stories and Profiles section of our website. Please email your files and website links to the policy email address to the right.
Read more, Comments: 1
Coalition Urges Congress to Support Investment in Affordable Rental Housing September 09, 2009
Kathleen RzemienAHF Highlights A.C.T.I.O.N. campaign August 25, 2009
Isaac SalazarTime to Take A.C.T.I.O.N. August 06, 2009
Isaac SalazarNew A.C.T.I.O.N. Campaign Website! August 03, 2009
Isaac Salazar10 G Street, Suite 450
Washington, D.C. 20002
(202) 649 -3903
policy (at) enterprisecommunity (dot) org
