Housing Trust Silicon Valley
Housing Trust Silicon ValleySupportAdvocacy
Summary: Housing Trust Silicon Valley, a nonprofit Community Development Financial Institution (CDFI), urges regulators to reduce the risk weighting for Low-Income Housing Tax Credit (LIHTC) properties to 20%. They argue that LIHTC properties have a strong historic performance and low default rates, and that lower risk weights would allow banks to deploy more capital toward affordable housing.
Attached are comments from the Housing Trust Silicon Valley urging regulators to reduce the risk weighting for Low-Income Housing Tax Credit properties to better reflect reality and to support investment in affordable housing at a time when increasing housing affordability is of paramount importance. Thank you.