Affordable Housing Credit Improvement Act 2021
This act makes changes to the tax credit program for building and renovating affordable housing. The goal is to increase the availability of such housing, make it easier for certain groups of citizens to qualify, and provide greater stability for existing housing projects.
Key points
More funding for states to support the construction of affordable housing.
Easier access to housing for certain students (e.g., veterans, people with disabilities, victims of domestic violence) and for individuals whose income has increased.
Increased protection for victims of domestic violence living in these buildings, including prohibition of eviction due to the perpetrator's actions.
Additional support for housing projects in rural areas and areas inhabited by Native Americans.
Simplification of rules for financing and rebuilding properties after natural disasters.
Expired
Additional Information
Print number: 117_S_1136
Sponsor: Sen. Cantwell, Maria [D-WA]
Process start date: 2021-04-15