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LIIF Signs on to Two Basel III Comment Letters Urging New Bank Capital Proposals be Reconsidered

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
supporting robust investment in affordable housing, we urge you to apply a lower risk weight
of 50% to LIHTC properties.

NAAHL/AHTCC comment letter