Since its reintroduction in early May, the Affordable Housing Credit Improvement Act (AHCIA; S. 1557/H.R. 3238) gained co-sponsorship in both the U.S. Senate and House of Representatives. The AHCIA, H.R. 3238 now totals 107 cosponsors in the House, including 54 Democrats and 53 Republicans. In the Senate, S. 1557 has a total of 19 cosponsors, including 10 Republicans, 8 Democrats and 1 Independent. The Senate and House versions of the Affordable Housing Credit Improvement Act are identical companion bills.
To date, three Congressional legislators from Texas have cosponsored the bill. TAAHP would like to thank Rep. Beth Van Duyne (R-TX-24), Rep. Monica De La Cruz (R-TX-15) and Rep. Tony Gonzalez (R-TX-23) for cosponsoring this important legislation. TAAHP will continue to build support amongst other Texas congressional legislators that have not yet signed onto the AHCIA. Check out ACTION’s update cosponsorship list to see the Members of Congress currently signed on.
AHCIA Summary:
The Affordable Housing Credit Improvement Act (AHCIA), S. 1557 and H.R. 3238, is bicameral, bipartisan legislation that would finance an estimated three million additional affordable rental homes over 10 years – homes that could change everything for families, veterans, seniors, homeless youth and many others. It would make significant strides towards addressing our state’s severe shortage of affordable housing. It would expand and 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 more information on the bill, please see the following resources from the ACTION Campaign, which TAAHP is a member.
- AHCIA one-page summary
- AHCIA detailed bill summary
- AHCIA differences between 118th and 117th Congress
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