Sign Up For Novogradac Industry Alert Emails

Affordable Housing Credit Improvement Act Co-Sponsored by Most of House

Friday, March 13, 2020 - 9:15AM

Four members of the House of Representatives co-sponsored the Affordable Housing Credit Improvement Act (H.R. 3077) Thursday, giving the legislation the support of more than half of the House. Reps. Raul Grijalva, D-Ariz., Gerald Connolly, D-Va., Paul Ruiz, D-Calif., and Bennie Thompson, D-Miss., joined the legislation as co-sponsors, bringing the co-sponsor total to 221 of the 435 members of the House. The bill, introduced in June 2019, would provide a 50 percent increase in the per-capita and small-state minimums for annual low-income housing tax credit (LIHTC) allocations, a permanent minimum 4 percent LITHC credit percentage and several other provisions. A Senate version of the bill (S. 1703) has 38 co-sponsors.

Learn more about Novogradac's expertise and many services