Senate and House reintroduce legislation to strengthen the LIHTC

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BlogOn May 11, the Affordable Housing Credit Improvement Act of 2023 was reintroduced by Sens. Maria Cantwell (D-Wash.), Todd Young (R-Ind.), Ron Wyden (D-Ore.), Marsha Blackburn (R-Tenn.), and Reps. Darin LaHood (R-Ill.), Suzan DelBene (D-Wash.), Brad Wenstrup (R-Ohio), Don Beyer (D-Va.), Claudia Tenney (R-N.Y.) and Jimmy Panetta (D-Calif.).Senate and House reintroduce legislation to strengthen the LIHTC
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Blog
Senate and House reintroduce legislation to strengthen the LIHTC
On May 11, the Affordable Housing Credit Improvement Act (AHCIA) of 2023 (S. 1557; H.R. 3238) was reintroduced by Sens. Maria Cantwell (D-Wash.), Todd Young (R-Ind.), Ron Wyden (D-Ore.), Marsha Blackburn (R-Tenn.), and Reps. Darin LaHood (R-Ill.), Suzan DelBene (D-Wash.), Brad Wenstrup (R-Ohio), Don Beyer (D-Va.), Claudia Tenney (R-N.Y.) and Jimmy Panetta (D-Calif.).
Under the Low-Income Housing Tax Credit (LIHTC), the federal government issues tax credits to state governments, who then distribute the credits to private developers of affordable rental housing projects through their state housing agencies.
The AHCIA would effectively strengthen the LIHTC through:
- Increasing the number of credits available to states by 50 percent for the next two years;
- Making the temporary 12.5 percent increase in tax credits available for low-income housing secured in 2018 permanent;
- Decreasing the amount of private activity bonds needed to secure Housing Credit funding from 50 percent to 25 percent; and
- Codifying protections for veterans and victims of domestic and dating violence by formally adopting within the tax code IRS guidance and protections under the Violence Against Women Act (VAWA).
For more information on the AHCIA:
- AHCIA one-page summary
- AHCIA detailed bill summary
- AHCIA differences between 118th and 117th Congress
In July 2022 at the NACo Annual Conference, counties passed a resolution in support of passing the AHCIA that was introduced last Congress. While counties are not direct recipients of LIHTC, it is an important tool to stimulate private investment in the production of affordable housing.
As counties continue to find solutions to addressing our nation’s growing housing affordability and inventory crisis, counties urge federal lawmakers to enact legislation, such as the Affordable Housing Credit Improvement Act, to promote housing affordability and stability for our nation’s residents.
On May 11, the Affordable Housing Credit Improvement Act of 2023 was reintroduced by Sens. Maria Cantwell (D-Wash.), Todd Young (R-Ind.), Ron Wyden (D-Ore.), Marsha Blackburn (R-Tenn.), and Reps. Darin LaHood (R-Ill.), Suzan DelBene (D-Wash.), Brad Wenstrup (R-Ohio), Don Beyer (D-Va.), Claudia Tenney (R-N.Y.) and Jimmy Panetta (D-Calif.).2023-05-22Blog2023-05-23
On May 11, the Affordable Housing Credit Improvement Act (AHCIA) of 2023 (S. 1557; H.R. 3238) was reintroduced by Sens. Maria Cantwell (D-Wash.), Todd Young (R-Ind.), Ron Wyden (D-Ore.), Marsha Blackburn (R-Tenn.), and Reps. Darin LaHood (R-Ill.), Suzan DelBene (D-Wash.), Brad Wenstrup (R-Ohio), Don Beyer (D-Va.), Claudia Tenney (R-N.Y.) and Jimmy Panetta (D-Calif.).
Under the Low-Income Housing Tax Credit (LIHTC), the federal government issues tax credits to state governments, who then distribute the credits to private developers of affordable rental housing projects through their state housing agencies.
The AHCIA would effectively strengthen the LIHTC through:
- Increasing the number of credits available to states by 50 percent for the next two years;
- Making the temporary 12.5 percent increase in tax credits available for low-income housing secured in 2018 permanent;
- Decreasing the amount of private activity bonds needed to secure Housing Credit funding from 50 percent to 25 percent; and
- Codifying protections for veterans and victims of domestic and dating violence by formally adopting within the tax code IRS guidance and protections under the Violence Against Women Act (VAWA).
For more information on the AHCIA:
- AHCIA one-page summary
- AHCIA detailed bill summary
- AHCIA differences between 118th and 117th Congress
In July 2022 at the NACo Annual Conference, counties passed a resolution in support of passing the AHCIA that was introduced last Congress. While counties are not direct recipients of LIHTC, it is an important tool to stimulate private investment in the production of affordable housing.
As counties continue to find solutions to addressing our nation’s growing housing affordability and inventory crisis, counties urge federal lawmakers to enact legislation, such as the Affordable Housing Credit Improvement Act, to promote housing affordability and stability for our nation’s residents.

About Julia Cortina (Full Bio)
Legislative Associate
Julia is NACo's legislative associate for justice and public safety, and community, economic and workforce development policy. She also serves as the staff liaison to NACo's Immigration Reform Task Force.More from Julia Cortina
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Community, Economic & Workforce Development Steering Committee
Responsible for all matters pertaining to housing, community and economic development, public works, and workforce development including the creation of affordable housing and housing options for different populations, residential, commercial, and industrial development, and building and housing codes. Policy Platform & Resolutions 2022-2023 2022 NACo Legislative Prioritiespagepagepage<p>Responsible for all matters pertaining to housing, community and economic development, public works, and workforce development including the creation of affordable housing and housing options for different populations, residential,
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Legislative Associate(203) 402-9494
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Legislative Director – Community, Economic & Workforce Development(202) 942-4236
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