The Affordable Housing Credit Improvement Act, which seeks to expand the Low Income Housing Tax Credit Program, has been reintroduced in Congress this session as S. 1136 and H.R. 2573. The changes proposed in this legislation are estimated to increase the supply of affordable housing by over 2 million units over 2 years.
Last week, Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), and Rob Portman (R-OH) and Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Don Beyer (D-VA), and Brad Wenstrup (R-OH) introduced the Affordable Housing Credit Improvement Act (AHCIA) of 2021 (S. 1136/H.R. 2573). The bill — one of NCSHA’s highest legislative priorities — is comprehensive legislation that would expand and strengthen the Low Income Housing Tax Credit (Housing Credit). The House and Senate versions of the legislation are identical.
Governor Abbott released his Budget for 2022-2023 and his priorities for this session.
President Trump signs the COVID-19 Relief and Omnibus Spending Bill, which includes a minimum floor for 4% Housing Tax Credit, rent assistance, 1-month eviction moratorium extension, and $600 direct payments to most Americans.
Texas 2020 Election Results: Republicans maintain control both chambers of the legislature after record voter turnout.