1. Bob Moss Principal National Director of Governmental Affairs Federal Legislative Update LIHTC and the Future of Housing Policy

2. THE NEW CONGRESS Sen. Wyden (D-OR) Sen. Hatch (R-UT) Rep. Ryan (R-WI) Rep. Levin (D-MI) Sen. Brown (D-OH) Sen. Shelby (R-AL) Senate Finance Committee Senate Banking Committee Rep. Hensarling (R-TX) Rep. Waters (D-CA) House Ways and Means Committee House Financial Services Committee

3. TAX REFORM To Dream the Impossible Dream

4. CAN WE MAKE A DEAL?

5. I HAVE AN IDEA!! Trade Off’s Business vs. Corporate Reform Bye Bye Bonds? One Credit Fits All Is There Time?

6. FIXED 9% & 4% CREDITS Here We Go Again…(Again)

7. 9% and 4% FIXED LIHTC Permanent 9%/4% fix Senate Bill introduced – S. 1193 House Bill introduced – H.R. 1142

8. ADVOCACY I’m A Believer

9. ADVOCACY RESOURCES

10. SENATE FINANCE OUTREACH

11. WAYS AND MEANS MEMBER SITE VISITS

12. THE FUTURE

13. THE BIG ISSUES Highway Trust Fund – 5/31/15 FY 2016 Budget – 10/1/15 Sequestration

14. 2015 HOUSING AGENDA Fixed Rate LIHTC Tax Reform Sequestration Potential Initiatives Income Averaging Cap Increase Converting Bond Volume Cap to LIHTC’s

15. CohnReznick LLP Bob Moss Principal National Director of Governmental Affairs Bob.Moss@CohnReznick.com 617-648-1406 @BobMoss42 #HousingParty THANK YOU!