We urgently need you to call Senators Feinstein and Boxer. Please call the Capitol Switchboard at (888) 460-0813 and ask to talk to their offices now.
SCANPH, along with other housing advocates, are part of the A.C.T.I.O.N national coalition that seeks passage of a comprehensive set of proposals that can strengthen the housing tax credit program and contribute to job creation. The Senate is considering jobs legislation this week. However, the Baucus-Grassley jobs and tax extenders bill currently includes only one of our proposals, the extension of the 9% exchange program. If we don't act now, our other proposals may not be included.
Call Senators Feinstein and Boxer today from the Capitol Switchboard at (888) 460-0813 and tell them to include all the proposals in the final Senate jobs bill:
1) Extend the Low Income Housing Tax Credit (Housing Credit) exchange program to include bond-financed housing;
2) Increase the Housing Credit carryback period to 5 years for new housing and qualifying existing housing; and,
3) Expand the Housing Credit investor base by permitting Subchapter S, LLCs, and closely-held corporations to utilize the Credit.
Let them know that these critically needed proposals will provide needed affordable housing to low-income Americans and help construct or rehabilitate 138,000 new affordable apartments and create or save 160,000 jobs through 2011.
Over $12 billion in local income, $1.2 billion in revenue to states and localities, and $3.4 billion in federal revenue would help to stimulate the economy.
Without any action, 60,000 affordable apartments and as many as 70,000 jobs may be lost annually.
Take Action on on redevelopment and help protect housing funds now!
In continuing efforts to increase access to supportive housing for high utilizers of public health resources, and maximize the efficient use of scarce public resources, City and County Departments issued the first collaborative Notice of Funding Availability (NOFA) last month.
