May 17, 2023
A bipartisan group of legislators from the U.S. Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years.
The bill has been introduced in both chambers and seeks to expand the low-income housing tax credit.
The effort is being led by House members Darin LaHood (R-Ill.), Suzan DelBene (D-Wash.), Brad Wenstrup (R-Ohio), Don Beyer (D-Va.), Claudia Tenney (R-N.Y.), and Jimmy Panetta (D-Calif.). In the House, the bill has more than 60 bipartisan co-sponsors. Taking point on the measure in the Senate is Maria Cantwell (D-Wash.), Todd Young (R-Ind.), Ron Wyden (D-Ore.) and Marsha Blackburn (R-Tenn.).
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