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The Affordable Housing Tax Credit Coalition The Affordable Housing Tax Credit Coalition
  • ABOUT
    • About the AHTCC
    • AHTCC Leadership
      • Board of Directors
      • Leadership Circle
      • Staff
    • AHTCC Members
    • Contact Us
  • HOUSING CREDIT
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      • Native Americans
      • Veterans
    • Resident Stories
    • Finding Housing
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Sep 05

Momentum Builds Around the Affordable Housing Credit Improvement Act of 2023

  • September 5, 2023
  • 2023 News, Affordable Housing Credit Improvement Act (AHCIA)

The Affordable Housing Credit Improvement Act (AHCIA) of 2023 (H.R.3238/S.1557) continues to gain bipartisan support in the 118th Congress at a faster pace than in any previous Congress. As Congress returns from the summer recess, there are now 96 Republicans and 96 Democrats cosponsoring the bill across both chambers.

The AHCIA of 2023 (H.R.3238) was introduced on May 11, 2023. As of September 5, 2023, 17 weeks have passed and 164 House members have cosponsored the bill, including the lead sponsor Darin LaHood (R-IL-18). In comparison, 17 weeks after the AHCIA of 2021 was introduced on April 15, 2021, 101 House members had cosponsored the bill.


 

The AHCIA of 2023 (S.1557) was introduced on May 11, 2023. As of September 5, 2023, 17 weeks have passed and 28 Senators have cosponsored the bill, including the lead sponsor Maria Cantwell (D-WA). In comparison, 17 weeks after the AHCIA of 2021 was introduced on April 15, 2021, 25 Senators had cosponsored the bill.


The maps below show widespread support for the bill and are indicative of acute affordable housing shortages nationwide. The Housing Credit is the nation’s most powerful tool for producing affordable housing in urban, suburban, and rural areas. To further increase its impact, the AHCIA contains provisions that would bolster a state’s ability to support development in areas where affordable housing is less financially feasible, such as rural areas and tribal lands, and for populations that may need additional resources and prioritization, such as seniors, veterans, and formerly homeless individuals.

As of September 5, 2023, there are 164 cosponsors of H.R.3238, including lead sponsor Darin LaHood (R-IL-18). Indicative of the bill’s bipartisan nature, the House cosponsor list is evenly split between Republicans (82) and Democrats (82).


As of September 5, 2023, there are 28 cosponsors of S.1557, including lead sponsor Maria Cantwell (D-WA). Indicative of the bill’s bipartisan nature, the Senate cosponsor list is evenly split between Republicans (14) and Democrats (14).


The AHTCC continues to raise the importance of the Housing Credit and advocate for the AHCIA with the members of the 118th Congress. With Representatives Flood (R-NE-1) and Schakowsky (D-IL-9) most recently adding their names to the growing list of AHCIA cosponsors, momentum for the most bipartisan piece of legislation to increase affordable housing production continues to build.

Join us in engaging your Senators and Representatives in advocating for the AHCIA of 2023. Visit the AHTCC’s advocacy webpage to learn how you can help build support for the AHCIA today.

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The Affordable Housing Tax Credit Coalition is a trade organization of housing professionals who advocate in support of the Low-Income Housing Tax Credit

LATEST NEWS FROM AHTCC

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