House Passes Tax Package With LIHTC Improvements

Industry News,

The tax package passed 357-70, with 188 Democrats and 169 Republicans in favor of the bill.

“We are encouraged by the decisive bipartisan support in the House for tax legislation that would make the most meaningful dent in our nation’s affordable housing crisis in over two decades,” says Emily Cadik, CEO of the Affordable Housing Tax Credit Coalition (AHTCC). “The low-income housing tax credit provisions in the Tax Relief for American Families and Workers Act of 2024 would finance over 200,000 affordable homes that are shovel ready, and we encourage the Senate to move quickly to advance this bipartisan legislation.”

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