Bill Introduced to Expand HTF and LIHTC
Rep. Keith Ellison, D-Minn., last month reintroduced a bill to expand funding for the National Housing Trust Fund and the low-income housing tax credit (LIHTC). The Common Sense Housing Investment Act of 2015 (H.R. 1662) would increase the per-capita allocation from $2.30 to $2.70. The legislation would also provide a 50 percent eligible basis boost for rental housing targeted to extremely low-income households. The amendments would be effective for LIHTC allocations made in calendar year 2015 or later.
H.R. 1662 would also expand Section 8 rental assistance and the public housing capital fund.