Members of the ACTION Steering Committee (including NH&RA) sent a letter to the leadership of the House Financial Services Committee and its Housing and Insurance Subcommittee urging them to include the Community Investment and Prosperity Act (CIPA) in housing legislation.
- CIPA proposes to increase the public welfare investment (PWI) cap for banks from 15 to 20 percent, unlocking additional capital for Housing Credit investments.
The Affordable Housing Tax Credit Coalition (AHTCC) released a new fact sheet outlining how raising the PWI cap would expand banks’ capacity to invest in affordable housing and other community development priorities.
