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Letter.pdf

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🔗 Source: files.constantcontact.com
📊 Size: 168 KB
👤 Author: Honard, Victoria
⬇️ Downloads: 74

Summary

The lack of affordable housing in the US has worsened due to the COVID-19 pandemic, with 11 million households already paying over half their income in rent and 22 million job losses. The pandemic has disrupted the affordable housing industry, causing financing and construction issues. To address this, Congress is urged to consider the impact on affordable housing financing and employment, specifically enacting a minimum 4% Low-Income Housing Tax Credit rate to make projects financially feasible and support thousands of construction-related jobs. Additionally, flexibility in bond financing requirements is requested to help developments utilize the 4% credits despite financing disruptions.

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Description

The lack of affordable housing in the US has worsened due to the COVID-19 pandemic, with 11 million households already paying over half their income in rent...

Technical Information

  • File Format: PDF
  • File Size: 168 KB
  • Pages: 2
  • Language: EN
  • Author: Honard, Victoria
  • Total Downloads: 74
  • Last Updated: 1 month ago

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