The Affordable Housing Credit Improvement Act of 2021 (S. 1136/H.R. 2573)
This legislation, introduced by Senators Maria Cantwell (D-WA), Todd Young (R-IN), Ron Wyden (D-OR), and Rob Portman (R-OH), and its identical House companion legislation, introduced by Representatives Suzan DelBene (D-WA), Jackie Walorski (R-IN), Don Beyer (D-VA), and Brad Wenstrup (R-OH), would expand and strengthen the Low Income Housing Tax Credit program, including by raising the Housing Credit volume cap by 50 percent, lowering the bond financing threshold to 25 percent, and making other programmatic changes that would allow the Housing Credit to better serve hard-to-reach populations, streamline program rules, and preserve more affordable housing.
