Legislation Introduced to Allow Formerly Homeless College Students to Stay in LIHTC Housing
Bipartisan legislation introduced in both houses of Congress would allow college students who have experienced homelessness or are currently homeless to live in properties financed by the low-income housing tax credit (LIHTC). The Housing for Homeless Students Act of 2022 (S. 5108 and H.R. 9313) would change LIHTC regulations–which currently do not allow tenants to be full-time students. Under provisions of the legislation, any full-time student who was a child who experienced homelessness during the previous seven years or who is a veteran who experienced homelessness during the previous five years, could live in LIHTC-financed housing.
Legislative issues related to the LIHTC will be among the topics at the Novogradac 2022 Tax Credit Housing Finance Conference, Dec. 1-2 in Las Vegas.