House Bill Seeks 50% Increase in LIHTCs

October 31, 2017                  By: Affordable Housing Finance

The latest legislation comes from Rep. Suzan DelBene.

U.S. Rep. Suzan DelBene (D-Wash.) introduced the Access to Affordable Housing Act to increase the low-income housing tax credit (LIHTC) by 50% today.

“Making sure that every American has a safe and affordable place to call home is a moral imperative that we must address,” DelBene said in a statement. "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.”

Reps. Adam Smith and Pramila Jayapal are co-sponsors of DelBene’s bill—all of whom represent Washington’s King County, where housing demand and costs have sky rocketed in recent years. In their state, nearly 400,000 households pay half their income in rent...............Read More