By Clermont Times |
Feb 1, 2024
Washington, D.C. - Reps. Brad R. Wenstrup and Danny K. Davis have introduced a bill aimed at increasing affordable housing for homeless students, including homeless youth, veterans, and foster youth. The legislation seeks to improve the Low-Income Housing Tax Credit (LIHTC), which reduces tax liability for developers who build or rehabilitate affordable rental housing units.Currently, the LIHTC has a "student rule" that prohibits full-time students from living in LIHTC-funded properties, in order to prevent the building of dorms with LIHTC funds. However, this rule...