Affordable home developments get a majority of their funding from the Low-Income Housing Tax Credit which has produced 3 million housing units since 1986.
LIHTC
The Housing Credit is a federal tax credit that ensures the production and rehabilitation of affordable housing for low income households who rent.
Representative Carlos Curbelo (R-FL-26) Representative Carlos Curbelo (R-FL-26) is distributing a “Dear Colleague” Letter to his House colleagues in order to encourage them to co-sponsor the Affordable Housing Credit Improvement Act (H.R. 1661).
Congressman Pascrell Addresses 40 Constituents at Hill Day in 2017Over one-third of the House has signed on to support the Affordable Housing Credit Improvement Act (H.R. 1661.) This bipartisan legislation would make significant strides towards addressing our nation’s severe shortage of affordable rental housing.
The FY 2018 omnibus spending package included two provisions to strengthen and expand the Housing Credit known as Low-Income Housing Tax Credit.
