We wanted to update you on the very fluid status of ongoing discussions regarding infrastructure legislation, and also to provide you with a report on the Virtual Convening co-hosted by the Housing Advisory Group and the Affordable Housing Tax Credit Coalition on June 9th.

On May 28, 2021, the Administration submitted its Fiscal Year 2022 budget that includes an expansion of the Low-Income Housing Tax Credit, a new tax credit to revitalize single family homes in distressed neighborhoods; and a permanent New Markets Tax Credit.