About the Housing Advisory Group
First organized by Herb Collins, Jack Manning and a number of industry colleagues in 1993, the Housing Advisory Group (HAG) is dedicated to protecting and improving affordable housing programs. Key architects of the Low Income Housing Tax Credit (LIHTC), these visionaries joined industry colleagues in working with President Reagan, Senate Finance Chairman Bob Packwood and a number of congressional supporters of affordable housing to create the LIHTC program within the Tax Reform Act of 1986.
The significance of the HAG was realized during the 1995-96 budget negotiations, which threatened the survival of the LIHTC. Through its efforts, the HAG created a strong foundation of support within Congress, defeating attempts to sunset the program. These efforts led to an eventual increase in the credit cap from $1.25 to $1.75 and subsequent indexing of the LIHTC for inflation. For the past 22 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’s effectiveness is measured by its direct relationships and credibility with Members of Congress and their staffs as well as its success in advocating for the LIHTC.
In 2015, we successfully worked with Senate Finance and House Ways and Means Committee members to secure the permanent fixed rate 9% LIHTC for allocations made beginning 1/01/15 in the PATH Act of 2015. We also increased the level of support for the LIHTC with the House Republican leadership, within the Senate Finance and House Ways and Means committees and among Members of Congress in general. We also continued to work with committee and personal staff on our legislative priorities and hope to build on the success we achieved with the 9% fixed LIHTC, which was a major achievement for our industry.
In the months ahead, we will press for action on our legislative agenda, including a 4% fixed LIHTC rate, and continue our educational efforts as Congress looks to organize around various tax reform proposals. We will continue to promote the efficiency, effectiveness and economic impact of the LIHTC program. With tax reform looming large, the HAG will continue to emphasize the benefits of housing programs as job creators, an integral part of the social safety net and economic engines in Members’ communities.
Membership entails an annual commitment of $3,500. Please click the link below for additional information on the HAG as well as an application.