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House Legislation Would Temporarily Expand LIHTC for ‘Healthcare-Oriented Housing’

Wednesday, June 15, 2022 - 11:00AM

Legislation introduced in the House of Representatives would provide a temporary expansion of the federal low-income housing tax credit (LIHTC) for healthcare-oriented housing. The Healthy Homes Act (H.R. 7990) would increase the annual allocation of LIHTCs to states by $1 per capita for three years and allow the increase of the state credit ceiling by the aggregate amount allocated by the state housing agency to healthcare-oriented housing. The legislation would also provide an increase of 50% of eligible basis for healthcare-oriented housing under the LIHTC. The legislation defines healthcare-oriented housing as meeting one of five standards, including providing healthcare screening, health and nutrition workshops or having a healthcare service coordinator. The bill was introduced by Rep. Terri Sewell, D-Alabama, and three co-sponsors.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet provides a brief, but substantive look at the background and structure of the LIHTC.

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