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Affordable Housing Credit Improvement Act Center

Published on September 12, 2019
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#AHCIA Summary

Sponsored by Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), Johnny Isakson (R-GA) and in the Senate and Representatives Suzan DelBene (D-WA), Kenny Marchant (R-TX), Don Beyer (D-VA), and Jackie Walorski (R-IN) in the House, the Affordable Housing Credit Improvement Act of 2019 (S. 1703/H.R. 3077) would make significant strides towards addressing our nation’s severe shortage of affordable housing by expanding and strengthening the Low Income Housing Tax Credit (Housing Credit), our nation’s most successful tool for encouraging private investment in the production and preservation of affordable rental housing. This legislation would increase the supply of affordable rental housing by over 550,000 units over 10 years.

For over 30 years, the Housing Credit has been a model public-private partnership program, bringing to bear private sector resources, market forces, and state-level administration. It has financed over 3.2 million apartments since 1986, providing approximately 7.4 million low-income families, seniors, veterans, and people with disabilities homes they can afford. Virtually no affordable rental housing development would occur without the Housing Credit. S. 1703 and H.R. 3077 are identical companion bills. See this link for a summary of the provisions in the Affordable Housing Credit Improvement Act of 2019.

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About ACTION

The ACTION Campaign is a coalition of more than 2,300 national, state, and local organizations and businesses working to address our nation’s severe shortage of affordable rental housing by protecting, expanding, and strengthening the Low Income Housing Tax Credit. In addition to co-chairing the ACTION Steering Committee with Enterprise Community Partners, NCSHA leads its Legislative Committee. Learn more about the AHCIA legislation on ACTION’s website.


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