Representatives Suzan DelBene (D-WA), Adam Smith (D-WA) and Pramila Jayapal (D-WA) introduced the “Access to Affordable Housing Act” (H.R. 4185) on October 31 to increase the allocation of Low Income Housing Tax Credits (LIHTCs) by 50%. The increase in LIHTC could increase the number of affordable housing units by 400,000 over the next ten years. The bill does not, however, include improvements to the program to better serve extremely low income households, like the reforms in the "Affordable Housing Credit Improvement Act" (HR 1661) introduced earlier this year by Representatives Pat Tiberi (R-OH) and Richard Neal (D-MA).
“Making sure that every American has a safe and affordable place to call home is a moral imperative that we must address,” Ms. DelBene stated when introducing the bill. “To help lift families out of poverty and expand access to affordable housing, we need to increase the Low Income Housing Tax Credit. Washington has seen it firsthand. Housing options are not keeping pace with demand and my legislation would help ensure more families can find stable, affordable housing.”
Lean more about the Access to Affordable Housing Act at: http://bit.ly/2zu8jOC