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Federal Legislation Would Give 50% Basis Boost to LIHTC Properties that Meet Certain Standards to Serve Residents With Disabilities

Tuesday, April 30, 2024 - 10:41AM

Sen. Bob Casey, D-Pennsylvania, introduced legislation to provide a 50% basis boost for affordable housing properties financed by low-income housing tax credit (LIHTC) equity if they meet certain standards to serve residents with disabilities. The Boosting Tax Credits for Accessible Housing Act (S. 3925) would require LIHTC-financed properties to meet design standards as defined in the Uniform Federal Accessibility Standards to receive the basis boost. 

The status of federal affordable housing legislation is a topic at the Novogradac 2024 Affordable Housing Conference this week in San Francisco.

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