- Created: Thursday, 09 November 2017 10:32
- Written by Carolyn Szczepanski
What would Minnesota lose if the House tax reform bill passes in its current form? Nearly $2 billion in economic development, the construction of more than 14,500 affordable rental homes and the creation of 16,500 jobs over the next 10 years alone*.
Please call TODAY and tell your members of Congress to support a tax reform bill that advances affordable housing and contributes to community development.
The current House bill specifically hurts housing programs by eliminating tax exempt private activity bonds, which have been essential to the creation of more than 15,000 units of affordable housing in Minnesota over the past decade. Just this morning, House Ways and Means Committee Republicans voted 24 to 16 along party lines against amendments to save private activity bonds from being terminated after this year.