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ABA: The American Bankers Association

Affordable Housing and Community Investment

ABA Position

ABA supports policy initiatives that create equitable, sustainable affordable housing opportunities—both homeownership and rental—in all communities through public-private partnerships and targeted community investments. We encourage policymakers to take a holistic approach to affordable housing by supporting several measures that address different pieces of the housing and development puzzle and help build thriving, livable communities.

Build More Affordable Housing: Enact the Affordable Housing Credit Improvement Act (H.R. 2573/ S. 1136), which would increase the low-income housing tax credit authority by 50 percent, enabling the construction of an additional 2 million affordable homes over the next decade.

Rehabilitate Distressed Neighborhoods: Enact the Neighborhood Homes Investment Act (S. 92), which would create a federal tax credit to produce new equity investment dollars for the development and renovation of one-to-four family residential property in distressed urban, suburban and rural neighborhoods.

Invest in Community Development: Enact the bipartisan New Markets Tax Credit Extension Act of 2021 (H.R. 1321/ S. 456), which would make the New Market Tax Credit program permanent. New Market Tax Credits are a vital tool to promote greater economic growth in economically distressed rural, urban and tribal communities by stimulating the private investment needed to grow businesses and create jobs.

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Related Training & Events

  • ABA Experts Webinar: What You Need to Know about the CRA Final Rule

    Recorded Webinar | November 3, 2023

    The federal banking agencies have finalized the long-awaited overhaul of regulations that implement the Community Reinvestment Act. The new rule aims to reflect the digital delivery of financial products and services and enhance economic opportunity for low-and moderate-income individuals and communities. It also has strategic implications for banks that may affect your growth strategy and expansion into new markets.

Our Experts

Rod Alba

Rod Alba

Senior Vice President, Regulatory Compliance and Policy

Contact Rod
Sam Kunjukunju

Sam Kunjukunju

Vice President, Bank Community Engagement

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