House of Representatives Member Pete King (R-NY2) officially cosponsored H.R. 1661, the Affordable Housing Credit Improvement Act today. This commonsense bipartisan legislation strengthens the tax credit and makes it easier to leverage private funds to develop affordable housing for people at a diverse range of incomes. Having met and corresponded with the staff of Rep. King’s office several times over the past few months to discuss the economic impact of housing tax credits and housing bonds across NY State and in his district, we are pleased to announce his cosponsorship. His LIHTC leadership along with the other 6 NY Republican cosponsors are especially important given that the House Ways and Means committee is drafting its tax reform legislation and tax reform discussions are underway. We thank Rep. King for his support and will continue to work with our housing coalition partners across the state to convey the importance of not only preserving the housing tax credit, but strengthening it during tax reform.

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