A new bill, S. 548, to expand the Low Income Housing Tax Credit (LIHTC)

March 15, 2017 LeadingAge DC Executive Director

On March 7, LeadingAge was proud to join more than 2,000 national and local organizations to support introduction of a new bill, S. 548, to expand the Low Income Housing Tax Credit (LIHTC) by 50% and make improvements to it, such as helping LIHTC communities better serve a broader range of incomes. The bill was introduced by Senate Finance Chair Orrin Hatch (R-UT) and Senator Maria Cantwell (D-WA). Also on March 7, Senator Cantwell released a report, Meeting the Challenges of the Growing Affordable Housing Crisis. LeadingAge is proud to have helped provide background for this report, which makes the case for expanding the LIHTC program.