“We need affordable housing now more than ever. If we strengthen the Low-Income Housing Tax Credit, we can improve life outcomes…and that’s exactly what the Affordable Housing Credit Improvement Act does,” said Senator Todd Young.
A bipartisan, bicameral group including U.S. Senators Todd Young (R-Ind.), Maria Cantwell (D-Wash.), Johnny Isakson (R-Ga.), and Ron Wyden (D-Ore.) and U.S. Representatives Jackie Walorski (R-Ind.-02), Suzan DelBene (D-Wash.-01), Kenny Marchant (R-Texas-24), and Don Beyer (D-Va.-08), introduced the Affordable Housing Credit Improvement Act of 2019. This legislation expands and strengthens the Low Income Housing Tax Credit in order to produce more affordable homes that are needed throughout the country.
“Across the United States, the expanded Affordable Housing Tax Credit would produce roughly 1.9 million new affordable housing units over the next decade, an increase of over 550,000 more units than would be built without the legislation.” (www.young.senate.gov)
Read more about the Affordable Housing Credit Improvement Act of 2019 here.