Collegiate Housing and Infrastructure Act

A SAFETY AND COLLEGE AFFORDABILITY ISSUE

Did you know room and board costs outweigh tuition costs at most public universities? Passing the Collegiate Housing and Infrastructure Act (CHIA) would mean more not-for-profit student housing would be built, improved and maintained, saving future undergraduates potential student loan costs.

WHAT IS THE PROBLEM?

A discrepancy in current tax code prevents not-for-profit entities from being able to use tax-deductible charitable contributions to build, maintain and improve student housing.

Fraternities often lack the financial ability to build new structures and make critical safety improvements to existing facilities

Because of this issue, fraternity members often live in substandard housing

Fraternities are losing capacity given that they cannot make the improvements needed to ensure a safe living environment for students

Alumni and donors want to contribute to improving fraternity housing and positively impact the member living and learning experience, but are unable to make tax-deductible donations under the current tax code

WHAT IS THE SOLUTION?

The Collegiate Housing and Infrastructure Act (CHIA) (H.R. 1200/S. 736)

CHIA eliminates an arbitrary distinction in the current tax code that allows colleges and universities to use charitable contributions to build and maintain student housing but prevents other not-for-profit student housing entities from doing the same

CHIA would result in all not-for-profit housing being treated the same under the law

The text of the bill simply states that a 501(c)(3) organization will not lose its tax-exempt status solely because it chooses to make housing and infrastructure grants to 501(c)(2) organizations or 501(c)(7) organizations

PRIMARY BENEFITS FOR PASSAGE OF CHIA

SAFETY: Fraternities often lack the funds needed to provide critical safety upgrades to existing structures.

AFFORDABILITY: More not-for-profit housing will be built allowing students to better afford safe housing.

JOB CREATION: Over $1 Billion dollars in proposed housing is waiting to be built providing needed jobs.

MINIMAL COSTS TO TAXPAYER: It is rare that a bill costs the tax payer little and has bipartisan support.

TREATS EVERYONE THE SAME: All not-for-profit student housing would be treated consistently under the law.

HOW MUCH WILL CHIA COST?

The Joint Committee on Taxation last scored the cost of CHIA at $148 million over 10 years.

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A SAFETY AND COLLEGE AFFORDABILITY ISSUE

Did you know room and board costs outweigh tuition costs at most public universities? Passing the Collegiate Housing and Infrastructure Act (CHIA) would mean more not-for-profit student housing would be built, improved and maintained, saving future undergraduates potential student loan costs.

WHAT IS THE PROBLEM?

A discrepancy in current tax code prevents not-for-profit entities from being able to use tax-deductible charitable contributions to build, maintain and improve student housing.

Fraternities often lack the financial ability to build new structures and make critical safety improvements to existing facilities

Because of this issue, fraternity members often live in substandard housing

Fraternities are losing capacity given that they cannot make the improvements needed to ensure a safe living environment for students

Alumni and donors want to contribute to improving fraternity housing and positively impact the member living and learning experience, but are unable to make tax-deductible donations under the current tax code

WHAT IS THE SOLUTION?

The Collegiate Housing and Infrastructure Act (CHIA) (H.R. 1200/S. 736)

CHIA eliminates an arbitrary distinction in the current tax code that allows colleges and universities to use charitable contributions to build and maintain student housing but prevents other not-for-profit student housing entities from doing the same

CHIA would result in all not-for-profit housing being treated the same under the law

The text of the bill simply states that a 501(c)(3) organization will not lose its tax-exempt status solely because it chooses to make housing and infrastructure grants to 501(c)(2) organizations or 501(c)(7) organizations

PRIMARY BENEFITS FOR PASSAGE OF CHIA

SAFETY: Fraternities often lack the funds needed to provide critical safety upgrades to existing structures.

AFFORDABILITY: More not-for-profit housing will be built allowing students to better afford safe housing.

JOB CREATION: Over $1 Billion dollars in proposed housing is waiting to be built providing needed jobs.

MINIMAL COSTS TO TAXPAYER: It is rare that a bill costs the tax payer little and has bipartisan support.

TREATS EVERYONE THE SAME: All not-for-profit student housing would be treated consistently under the law.

HOW MUCH WILL CHIA COST?

The Joint Committee on Taxation last scored the cost of CHIA at $148 million over 10 years.