About the Housing Advisory Group
First organized by Herb Collins, Jack Manning and a number of their industry colleagues in 1995, the Housing Advisory Group (HAG) is a very select group of housing interests dedicated to protecting and improving affordable housing programs. Key architects and forefathers of the Low Income Housing Tax Credit (LIHTC), these visionaries worked with President Reagan, Senate Finance Chairman Senator Bob Packwood and others to create the LIHTC program within the Tax Reform Act of 1986.
The HAG was established during the 1995-96 budget negotiations which threatened the survival of the LIHTC. Through its efforts, the HAG created a strong foundation of support for the continued permanence of the credit program, and the eventual increase in the credit cap from $1.25 to $1.75 and subsequent indexing of the cap for inflation. For the past 15 years, the HAG has worked in a non-partisan fashion to educate Administrations and members of Congress on the benefits of the LIHTC. The HAG is unique because of its direct relationships and credibility with Members of Congress and their staffs.
Building on the significant victories achieved in the Housing and Economic Recovery Act (HERA) and the American Recovery and Reinvestment Act (ARRA), the HAG continues to promote measures that will stimulate the LIHTC equity markets and increase production of affordable housing across the United States.
In 2011, the HAG's priorities have included educating the large number of new Members of Congress and Senators that are setting the legislative course for the 112th Congress. Tax reform and deficit reduction are high on their lists so the HAG has proactively laid out the benefits of housing programs as job creators and economic engines in their communities. In addition, the HAG is focused on current proposals agreed upon by the industry consensus group of which the HAG is a member. These proposals include the fixed 9% credit and fixed 4% credit for acquisitions. On the regulatory side, the HAG is working with its industry colleagues to promote changes in the CRA program to help broaden the effectiveness as well as quality of the program.
Membership entails an annual commitment of $3,500. Please click the link below for additional information on the HAG as well as an application.
Join the Housing Advisory Group (HAG), or learn more.
The Housing Advisory Group's annual Housing Advisory Group (HAG) Legislative Conference in Washington, D.C. will take place on Wednesday, June 6th. For more information or to register, please click here.