Posted by: phillipsre | May 24, 2016

Senators Introduce Bill to Expand Development of Affordable Housing

affordable housingIn Washington D.C. last week, U.S. Senate Finance Committee member Maria Cantwell (D-Wash.) and Senate Finance Committee Chairman Orrin Hatch (R-Utah) introduced a bipartisan Affordable Housing Credit Improvement Act to expand the Low Income Housing Tax Credit (LIHTC) by 50 percent to help combat the country’s growing affordable housing crisis affecting all corners of the nation. The need for affordable housing is growing while we watch rent prices go up and homelessness across the country increase, the Low Income Housing Tax Credit is being created to build more affordable housing units across the United States, in the hopes that these things will become more manageable and more people will be able to live comfortably. To view the full press release and read all the details of the act, click here. 

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