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 155 cosponsors in the House, including 78 Democrats and 77 Republicans. In the Senate, S. 1557 has a total of 27 cosponsors, including 14 Republicans, 12 Democrats and 1 Independent. 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; Rep. Beth Van Duyne (R-TX-24), Rep. Monica De La Cruz (R-TX-15), Rep. Tony Gonzalez (R-TX-23), Rep. Greg Casar (D-TX-35), Rep. Pete Sessions (R-TX-17), Lance Gooden (R-TX-5), and Roger Williams (R-TX-25).
The AHCIA remains a top priority for TAAHP and its Federal Legislative Advocacy Group continues to build co-sponsorship for the legislation. We urge all TAAHP members to remain involved in our AHCIA advocacy efforts until this critical legislation is passed. 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.
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