SCANPH ACTION CENTER

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Tell Congress To Support Funding For LIHTC & Affordable Homes (February 25, 2010)

WHAT: Rep. Linda Sanchez has introduced H.R. 4687, the Low-Income Housing Tax Credit Exchange Expansion and Job Creation Act of 2010, vital legislation for the expansion of the LIHTC program.

WHY: This bill will lead to the creation of both jobs and affordable rentals for all of our communities. As the nation's largest and most successful affordable rental housing production program, the Low Income Housing Tax Credit (LIHTC) program has financed more than 2 million affordable apartment homes since 1987 and until recently, about 120,000 annually.

A survey of California LIHTC developers demonstrated that improvements to the Low Income Housing Tax Credit (LIHTC) program could move as many as 155 LIHTC developments forward this year and provide more than 16,000 jobs and nearly 13,000 affordable homes in California alone.

WHAT YOU NEED TO DO: Please contact your Representative and both of your Senators and ask them to support, co-sponsor, and become leaders of H.R. 4687. To act now and send a fax (at no cost to you from SCANPH), please visit this link or http://org2.democracyinaction.org/o/5901/p/dia/action/public/?action_KEY=2052

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