Housing Supply and Development
This bill is the “Affordable Housing Credit Improvement Act of 2021” – similar to the bill of the same name that Sen. Cantwell introduced last Congress. It would make several changes to the Low-Income Housing Tax Credit (LIHTC) program, including changing the name to the Affordable Housing Tax Credit program and an increase in bond-financed projects.
This is the House companion bill to S. 1136, also called the “Affordable Housing Credit Improvement Act of 2021.” Both bills have some bipartisan support and would change state allocation formulas, tenant eligibility, and other pieces of the LIHTC program.
The full text of this bill is not published yet. However, it appears that the bill would establish a grant to fund the development of housing plans to increase housing supply and affordability where it is needed. See the companion bill below for more details.
This is a companion bill to the one listed above, meaning that the sponsors introduced identical bills in the House and the Senate. Senator Klobuchar (D-MN) introduced a similar bill (S. 5061) last Congress, called the Housing Supply and Affordability Act.
This bill would repeal the 1998 Faircloth Amendment that prevents a net increase in the number of public housing units. It could open a path for new public housing construction in the future.
Do you know of a bill that is missing from the list? Please contact Jenna Hampton, Government Relations Analyst, at firstname.lastname@example.org.
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