“Making sure that every American has a safe and affordable place to call home is a moral imperative that we must address,” Ms. DelBene stated when introducing the bill. “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.”
Low-income families whose income are at or below 60 percent of the area median income (AMI) can rent Housing Credit properties, and rent payments are capped at 30 percent of the income limit for each apartment.
The roughly 3 million apartments financed by the Housing Credit have provided affordable homes to more than 6.7 million low-income families over the past 30 years, making it easier for them to afford other necessities like health care, transportation and nutritious food.