Lawmakers Revive Push to Expand Low-Income Housing Tax Credit

A bipartisan group of House and Senate lawmakers are reviving a push to expand the Low-Income Housing Tax Credit program, with tweaks to account for properties receiving Inflation Reduction Act benefits and to improve data sharing among federal agencies.

Reps. Darin LaHood (R-Ill.), Suzan DelBene (D-Wash.), Don Beyer (D-Va.), Brad Wenstrup (R-Ohio), Jimmy Panetta (D-Calif.), and Claudia Tenney (R-N.Y.) along with Sens. Maria Cantwell (D-Wash.), Ron Wyden (D-Ore.), Todd Young (R-Ind.), and Marsha Blackburn (R-Tenn.) are reintroducing on Thursday the Affordable Housing Credit Improvement Act. The bill would increase the amount of credits allocated to each state, reinstating a ...