Mayors, county executives and other elected executive leaders from local municipalities in nearly every state in the nation this week sent congressional leaders a letter urging Congress to pass the Affordable Housing Credit Improvement Act (AHCIA) (S.1557/H.R. 3238). In total, 184 local elected leaders signed the letter, which specifically calls for lowering the 50 percent test bond financing threshold for four percent LIHTC developments, expanding nine percent LIHTC authority and providing basis boosts so the program can better reach hard-to-serve communities—all of which are included in the AHCIA.
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