Affordable Housing and Community Investment

Build More Affordable Housing: Enact the Affordable Housing Credit Improvement Act (H.R. 2573/ S. 1136), which would increase the low-income housing tax credit authority by 50 percent, enabling the construction of an additional 2 million affordable homes over the next decade.

Rehabilitate Distressed Neighborhoods: Enact the Neighborhood Homes Investment Act (S. 92), which would create a federal tax credit to produce new equity investment dollars for the development and renovation of one-to-four family residential property in distressed urban, suburban and rural neighborhoods.

Invest in Community Development: Enact the bipartisan New Markets Tax Credit Extension Act of 2021 (H.R. 1321/ S. 456), which would make the New Market Tax Credit program permanent. New Market Tax Credits are a vital tool to promote greater economic growth in economically distressed rural, urban and tribal communities by stimulating the private investment needed to grow businesses and create jobs.