How Will Tax Reform Affect Affordable Housing?

The debate about tax reform is heating up, as the House and Senate have each introduced their own versions of the Tax Cuts and Jobs Act this month. The House voted on its bill two weeks ago, and a vote is anticipated in the Senate this week.

 

As part of our efforts to provide timely updates on advocacy and policy issues related to homelessness, we would like to share resources and our partners’ updates on these developments and how the proposed tax reforms could affect affordable housing:

The House version of the bill includes an amendment that would eliminate Johnson Amendment protections from all 501(c)(3) organizations, with changes going into effect in 2019 and then expiring after five years. United Philanthropy Forum issued a position statement about the Johnson Amendment earlier this year. Read more here.

At the same time, we continue to monitor progress on the federal budget and, in particular, proposed funding for HUD and related programs and services.

On November 16, the National Low Income Housing Coalition and other leaders of the Campaign for Housing and Community Development Funding held a webinar on the FY18 Budget Outlook and Impact of Tax Reform on Affordable Housing Programs. You can watch the webinar recording or view the slides to learn about the current status and outlook for the FY18 budget process, the potential impact tax reform could have on affordable housing and community development programs, and how advocates can effectively communicate with policymakers and the public about the need for increased federal investments in proven affordable housing and community development programs.

We also encourage you to utilize our Policy Priorities for the Administration page, which has additional resources and includes a messaging guide for philanthropy to the Administration and Congress around key budget issues, and our Advocacy 101 for Funders webinar held earlier this year with Alliance for Justice.


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  • Funders Together to End Homelessness
    published this page in Blog 2017-11-28 15:15:28 -0500