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THE FOLLOWING PRIORITIES ARE CHAMPIONED BY OUR MEMBERS IN 2022

AFFORDABLE HOUSING

  • Adoption of federal legislation to increase housing stability and security, including by bridging the gap between incomes and housing costs by expanding rental assistance to every eligible household; expanding and preserving the supply of rental homes affordable and accessible to people with the lowest incomes; creating a national housing stabilization fund; and strengthening and enforcing renter protections
  • Increasing the supply and accessibility of affordable housing, including by creating a new tax credit to close the ‘value gap’ and invest in the development and renovation of affordable family housing in distressed urban, suburban, and rural neighborhoods, and by establishing a voucher program to help unstably housed or at-risk families with children move to areas with access to high-performing schools
  • Ending housing discrimination and promoting inclusive communities by protecting the Affirmatively Furthering Fair Housing rule and expanding fair housing resources

COMMUNITY DEVELOPMENT RESOURCES

  • Robust federal funding for community development programs (homeless assistance, housing counseling, housing choice vouchers, rural development, etc.)

  • Adoption of the Affordable Housing Credit Improvement Act (or similar legislation) to mitigate losses in Low Income Housing Tax Credit production due to tax reform and better facilitate development in challenging markets

  • Creation of a refundable tax credit for cost-burdened renters who pay more than 30 percent of their annual gross income on rent and utilities

CONSUMER PROTECTION/ASSET DEVELOPMENT

  • Modernizing examination standards for Community Reinvestment Act (CRA) activities to ensure that federally insured banks and thrifts better meet the needs of low‐ and moderate-income communities

  • New tax credits and/or savings accounts for low-wealth individuals and families, such as the American Opportunity Accounts Act

  • Capping borrowing rates at 36% APR through the Veterans and Consumers Fair Credit Act




Prosperity Indiana
1099 N. Meridian Street, Suite 170
Indianapolis, IN 46204 
Phone // 317.222.1221 
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