Published: March 20, 2017
Sponsored by Representatives Pat Tiberi (R-OH) and Richard Neal (D-MA), the Affordable Housing Credit Improvement Act of 2017 would enact numerous provisions to strengthen the Low-Income Housing Tax Credit (Housing Credit), our nation’s most successful tool for encouraging private investment in the production and preservation of affordable rental housing.
For over 30 years, the Housing Credit has been a model public-private partnership program, bringing to bear private sector resources, market forces, and state-level administration. It has financed roughly 3 million apartments since 1986, providing more than 6.7 million low-income families, seniors, veterans, and people with disabilities homes they can afford. Virtually no affordable rental housing development would occur without the Housing Credit.
Click here for a summary of the provisions in the Affordable Housing Credit Improvement Act.