These approved provisions are estimated to finance over 200,000 additional affordable homes than otherwise possible. It would also position both priorities for potential extension in 2025.
As of December 13, the AHCIA (H.R. 3238/S. 1557) has received the support of nearly half of Congress at large.
As of November 9, the AHCIA has reached 180 cosponsors in the House, maintaining strong bipartisan support with 90 Republicans and 90 Democrats.
This month, the Affordable Housing Credit Improvement Act of 2023 reached 169 cosponsors in the House, maintaining strong bipartisan support with 84 Republicans and 85 Democrats. The Senate companion legislation has reached 27 cosponsors, with 14 Republicans, 12 Democrats and 1 Independent.
The AHCIA, H.R. 3238 now totals 155 cosponsors in the House and has a total of 27 cosponsors in the Senate with S. 1557.
With only 10 days left in the regular session, TAAHP leadership is working hard to ensure that our legislative priorities continue to be supported.
On May 1, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced the “Rural Housing Service Reform Act of 2023” (S.1389) in the U.S. Senate. The bill would aim to improve the housing programs administered by the U.S. Department of Agriculture’s Rural Housing Service (RHS) through several reforms, including decoupling rental assistance from maturing mortgages, permanently establishing the Multifamily Housing Preservation and Revitalization Demonstration (MPR), making permanent the Native CDFI Relending pilot program, and improving staff training and capacity within RHS.
Affordable housing champions in Congress introduced the Affordable Housing Credit Improvement Act (AHCIA) of 2023 to strengthen and expand the Low-Income Housing Tax Credit (Housing Credit).
Senate Finance Committee Chair Ron Wyden, D-Ore, introduced the Decent, Affordable Safe Housing for All (DASH) Act. The DASH Act would expand the production of affordable housing for low-income and middle-income families, create a new down payment tax credit for first-time homebuyers, expand essential services to ensure permanent housing stability, house all children and families experiencing homelessness through Housing Choice Vouchers.
U.S. Senator Marco Rubio (R-FL) reintroduced seven bills to keep low-income housing tenants safe, hold property owners accountable, and increase the affordable housing stock.
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