AFFORDABLE HOUSING FINANCE House Passes Tax Package With LIHTC Improvements

Much of the attention has been on the bill’s expansion of the child tax credit, but the package also includes two important measures from the Affordable Housing Credit Improvement Act—restoration of a 12.5% allocation increase to the LIHTC program that expired at the end of 2021 and a reduction from 50% to 30% of the amount of private-activity bond financing required to access the 4% housing credit.

• The House of Representatives passed a $78 billion tax bill that includes key measures to boost the low-income housing tax credit (LIHTC) program.

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

A tougher fight may be in store in the Senate.

By Donna Kimura

House Passes Tax Package With LIHTC Improvements A tougher fight may be in store in the Senate. READ MORE