I'm Just a Bill: Affordable Housing Tax Credit Act
👀 I’m Just a Bill — Affordable Housing Tax Credit Act A Liana Banyan “I’m Just a Bill” Bounty Poster What is this bill? Expansions to the federal Low-Income Housing Tax Credit (LIHTC) program in the 119th Congress, addressing the documented shortage of affordable housing units in nearly every metropolitan area. What does it actually do? LIHTC allocation: Increases per-state allocation of 9% credits. 4% credit floor: Sets minimum 4% credit rate for bond-financed projects. Income averaging: Allows tax-credit-funded units to serve a wider income mix. Cooperative housing: Provisions specifically supporting cooperative-housing models. Tribal housing: Set-asides for Tribal area housing. Who votes when? House Ways & Means + Senate Finance: Active consideration Bipartisan support: Has historically had cross-aisle support President: Signature expected if both chambers pass How does this affect cooperative-class families? Composes with Save-the-World Paper 3 — Universal Cooperative Shelter. Federal LIHTC expansion is the financing-mechanism floor; cooperative-housing trust architecture is the structural complement that ensures wealth stays with members rather than extracted by absentee landlords. ...