Republican leaders just released the final tax reform bill. We are very pleased
to share that the bill retains both private activity tax-exempt bonds,
including single-family (and MCCs) and multifamily Housing Bonds, and the Low
Income Housing Tax Credit.
More in-depth review of the bill and its details continues, but we wanted our
customers and partners to have this news right away. The House and Senate are
expected to vote on the Conference Committee bill with a goal of sending the
final legislation to the President for his signature before Christmas.
Many thanks to all who have been a voice of support for tax-exempt PAB. We
couldn’t be more pleased that this critical resource will remain available to
support affordable housing and community development in Colorado and across the
We will continue to monitor and update on the bill’s progress it enters the
next phase in the legislative process. In the interim, we encourage you to
contact those members of the Colorado Congressional Delegation with whom you
have been actively engaged throughout this process, and thank them for their
attention to this matter and for being a voice of support for PAB preservation.
In particular, please thank the following members who have expressed their
support for PAB Preservation during this critical juncture by co-sponsoring a
PAB preservation amendment (Rep. Polis); signing the Rep. Hultgren PAB
Preservation letter to House and Senate Republican Leadership (Rep. Coffman),
and articulating support for preservation in the media (Sen. Gardner).