A diverse group of civil rights organizations, affordable housing leaders and housing industry trade groups joined forces to urge that a new bank capital proposal be reconsidered. We are collectively urging the regulators — the Office of the Comptroller of the Currency, the Federal Reserve System and the Federal Deposit Insurance Corporation (the Agencies) — to make major changes to its Basel III proposed rule raising capital standards for bank-originated mortgages, the Low-Income Housing Tax Credit (LIHTC) and other activities that directly impact underserved communities.
Read the National Housing Conference comment letter.
Read the National Association of Affordable Housing Lenders/Affordable Housing Tax Credit Coalition comment letter.
In recognition of the strong historic performance of LIHTC properties, and the importance of
NAAHL/AHTCC comment letter
supporting robust investment in affordable housing, we urge you to apply a lower risk weight
of 50% to LIHTC properties.