California Treasurer Highlights House Tax Plan’s Devastating Impact on Low-Income Housing

In a letter sent to the California Congressional delegation, California State Treasurer John Chiang urged the delegation to preserve funding for LIHTC and the Private Activity Bond programs. He pointed out the vital role these programs play in building and preserving affordable housing throughout the nation, but especially in California as Californians struggle “with a housing crisis that is quickly metastasizing into a humanitarian and public health catastrophe.”