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.