NLIHC, along with more than 2,600 other organizations, joined a letter from the ACTION Campaign urging Congress to expand and reform the Low-Income Housing Tax Credit (LIHTC) through the bipartisan “Affordable Housing Credit Improvement Act of 2023” (AHCIA) (S.1557; H.R.3238). The letter thanks the present sponsors of the bill, pushes for other members of Congress to co-sponsor the bill, and advocates for the bill to be included in any upcoming tax legislation.
“The legislation would finance an estimated 1.94 million additional affordable homes over the next 10 years,” the letter states. “In all, the AHCIA includes over two dozen provisions, including changes that would help preserve existing affordable housing, facilitate Housing Credit development for extremely low-income households and in hard-to-serve communities, provide state Housing Credit allocating agencies new tools to strengthen program administration, and more.”
Read the letter and see the full list of signatories at: https://tinyurl.com/3ucxe7ce