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Bipartisan Legislation Would Extend LIHTC Eligibility to Homeless Students

Tuesday, May 26, 2015 - 7:00AM

Sens. Al Franken, D-Minn., and Rob Portman, R-Ohio, last week introduced a bill that would extend eligibility to live in low-income housing tax credit (LIHTC) units to homeless or previously homeless full-time students who would otherwise qualify to live in LIHTC units. The Housing for Homeless Students Act of 2015 would exempt individuals from the student rule if they were homeless children or youth within seven years of moving into the LIHTC unit. The bill would also exempt veterans from the student rule if they are or have been homeless within five years of moving in to the LIHTC unit. Sens. Franken and Portman introduced similar legislation last year.

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