In May, the Affordable Housing Credit Improvement Act (AHCIA; S. 1136/H.R. 2573) gained co-sponsorship in both the U.S. Senate and House of Representatives.

The AHCIA, H.R. 2573 now totals 159 cosponsors in the House, including 100 Democrats and 59 Republicans. In the Senate, S. 1136 has a total of 35 cosponsors, including 25 Democrats and 10 Republicans. The Senate and House versions of the Affordable Housing Credit Improvement Act are identical companion bills. To date, seven Congressional legislators from Texas have cosponsored the bill. TAAHP would like to thank Rep. Colin Z. Allred (D), Rep. Veronica Escobar (D), Rep. Lizzie Fletcher (D), Rep. Tony Gonzales (R), Rep. Lance Gooden (R), Rep. Pete Sessions (R), and Rep. Roger Williams (R) for cosponsoring of 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. 1136 and H.R. 2573, is bicameral, bipartisan legislation that would finance an estimated two 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 nation’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. The legislation is estimated to finance an additional 2 million affordable rental units over 10 years. For more than 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 over 3.6 million affordable homes since 1986, providing approximately 8 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.

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