NLIHC has endorsed soon-to-be-introduced legislation that would allow students who have been homeless to live in low income housing tax credit (LIHTC)-financed housing.
Currently, students are not allowed to be the leaseholder of an LIHTC-financed housing unit. The rationale behind the prohibition is to ensure that tax credits are not used to finance the development of university dormitories. However, there are exceptions to this prohibition, including youth aging out of foster care and individuals who are enrolled in job training programs.
The bill will be sponsored by Representative Jim McDermott (D-WA). Representatives Keith Ellison (D-MN) and Eric Paulsen (R-MN) have already agreed to co-sponsor the legislation. Mr. Ellison introduced similar legislation in the last Congress.
The text of the draft bill is available at: http://nlihc.org/doc/Homeless_Students_Tax_Credit_Bill_2011.pdf