Legislation Introduced To Expand LIHTC To Help Build 400,000 Additional Affordable Housing Units

摘要

On May 19, 2016, U.S. Senate Finance Committee member Maria Cantwell (D-Wash.) and Senate Finance Committee Chairman Orrin Hatch (R-Utah) introduced the bipartisan Affordable Housing Credit Improvement Act to expand the Low-Income Housing Tax Credit (LIHTC) by 50% to help combat the country's growing affordable housing crisis affecting all corners of the nation. The bill is also co-sponsored by Senator Ron Wyden (D-OR), ranking member of the Finance Committee, and Senator Charles Schumer (D-NY).