Washington, D.C. – Oregon Sens. Ron Wyden and Jeff Merkley said today they are co-sponsoring a bipartisan bill that would target the affordable housing crisis by strengthening and expanding the federal low-income housing tax credit.<\/p>\n
“This legislation provides a solid foundation for the major remodel that America’s housing policy needs in response to the lack of affordable housing for people of all ages,” said Wyden, ranking member of the Senate Finance Committee. “Building on the proven success of the low-income housing credit ensures that more Americans can have a roof over their heads where they can be safe.”<\/p>\n
\u201cEscuch\u00e9 de habitantes de Oreg\u00f3n que tienen que dedicar la mayor parte de sus ingresos a la vivienda o que se ven obligados a quedarse sin hogar porque simplemente no pueden cubrir los crecientes costos de la vivienda\u201d, dijo Merkley. \u201cEsta legislaci\u00f3n comenzar\u00e1 a abordar los costos de vivienda que se han disparado mucho m\u00e1s all\u00e1 de los aumentos salariales de los trabajadores y brindar\u00e1 hogares permanentes para m\u00e1s familias estadounidenses\u201d.<\/p>\n
The Affordable Housing Credit Improvement Act would strengthen and expand the low-income housing tax credit by 50 percent. The legislation would help create or preserve about 1.3 million affordable homes over a 10-year period – an increase of about 400,000 units than is possible under the existing program.<\/p>\n
The bill also includes key reforms that would allow an estimated 58,000 students nationwide experiencing homelessness to take advantage of the affordable housing units created with the low-income housing tax credit. And the legislation would expand development opportunities in rural and Native communities while providing flexibility to developments so they can better tailor their units to people experiencing homelessness.<\/p>\n
The low-income housing tax credit has provided financing for more than 37,000 affordable homes in Oregon since the credit went into effect 30 years ago. Nationwide during that same time period, that credit has helped to finance the development of nearly 3 million affordable homes.<\/p>","protected":false},"excerpt":{"rendered":"
Washington, D.C. – Oregon Sens. Ron Wyden and Jeff Merkley said today they are co-sponsoring a bipartisan bill that would target the affordable housing crisis by strengthening and expanding the federal low-income housing tax credit. “This legislation provides a solid foundation for the major remodel that America’s housing policy needs in response to the lack […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-5125","post","type-post","status-publish","format-standard","hentry","category-in-the-news"],"acf":[],"yoast_head":"\n