Action Alerts

August 29, 2006

Action Needed!!

Urge Your Representatives in Congress to Support the “Affordable Housing Preservation Tax Relief Act of 2005” (H.R. 3715)


Dear NHC member,

We need your assistance in generating support among your representatives in Congress for the “Affordable Housing Preservation Tax Relief Act of 2005” (H.R. 3715) introduced by Representatives James Ramstad (R-MN) and Benjamin Cardin (D-MD).

This legislation will aid preservation of affordable housing by allowing sellers of eligible low-income housing to exclude the depreciation recapture gain from their gross income. This change will make it more advantageous for owners of affordable housing units to either participate in their property’s preservation or sell the property to someone who will maintain its affordability.

Currently, a “Dear Colleague” letter is being circulated in the House of Representatives by Representatives James Ramstad (R-MN) and Benjamin Cardin (D-MD), urging their fellow representatives to co-sponsor H.R. 3715. To influence this process, we are asking you to immediately weigh in with your representatives in Congress by either calling them or sending the attached letter expressing your support for the legislation.

For fax numbers or email addresses, access your representative’s web page at: http://www.house.gov. To reach your representative by telephone, please call the U.S. Capitol Switchboard at (202)224-3121 and ask for your representative’s office.

Thank you for your help with this!

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