Things are moving quickly in Congress with the Senate poised for action on extending the first-time homebuyer credit and LIHTC net operating loss carryback. Because we have a narrow window for action, we strongly encourage each one of your and the organizations you represent to contact Congress immediately, especially through in-person meetings and phone calls, to support our proposals.

 

A multitude of resources, including a sample letter, are available on our website under Advocacy Tools.

 

Please contact your Members of Congress and the U.S. Senate (a list of the SD members is here) to urge them to support the consensus proposals for upcoming tax legislation. These proposals would stimulate and maintain Housing Credit investment while ensuring that desperately needed affordable housing continues to be built in the short term. The impact of the LIHTC program on California is an estimtated $1.14 billion in additional equity through 2011 if these provisions are adopted.