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Presidential Candidate Bennet’s Housing Plan includes Provisions of AHCIA

Thursday, October 10, 2019 - 3:45PM

Democratic presidential candidate Michael Bennet today posted a housing plan on his website that includes a call for a 50 percent increase in allocation of 9 percent low-income housing tax credits (LIHTCs), as well as other proposals that are part of the Affordable Housing Credit Improvement Act. Bennet, a U.S. senator from Colorado, also calls for an adjustment of the 4 percent minimum credit rate and an increase in incentives to target vulnerable communities, as well as other proposals. He called for an increase in funding of private activity bonds, which are paired with 4 percent LIHTCs for housing, and for greater contributions to the Housing Trust Fund and Capital Magnet Fund.

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