NAR Leadership letter Regarding Neighborhood Homes Investment Act and Low-Income Housing Tax Credit

On December 9 NAR submitted a letter  to Speaker Pelosi, Leader Schumer, Leader McCarthy, and Leader McConnell.

 

A growing number of families in our Nation are facing a gut-wrenching inability to rent, buy, or maintain an affordable, safe, and stable home.  This is due to many factors, including a serious lack of supply, high construction costs, soaring interest and inflation rates, regulatory burdens, barriers to development, and others.  Alleviating this crisis will take a multi-faceted approach that spans multiple years and dedicated leadership at all levels of government. 

 

The letter urges Congressional Leadership to take a substantial step toward relieving this plight for millions by insisting on the inclusion of The Neighborhood Homes Investment Act (S.98/H.R. 2143) and The Affordable Housing Credit Improvement Act (S.1136/H.R.2573)  in any must-pass legislation that moves in the post-election session of the 117th Congress.