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March 14, 2017

CO Senator Michael Bennet Co-Sponsors Housing Credit Improvement Act of 2017

Last week, U.S. Senators Cantwell (D-WA) and Hatch (R-UT) introduced the Affordable Housing Credit Improvement Act of 2017 (S. 548). We are proud to share that Colorado Senator Michael Bennet, was among the original co-sponsors of the legislation.

The bill proposes to increase Housing Credit authority by 50 percent over a five-year period, and includes approximately 20 program modifications that provide states new flexibility, simplify program requirements, support the preservation of existing affordable housing, and facilitate Housing Credit development in challenging markets and for hard-to-reach populations.

Click here for a section-by-section summary.

Please thank Senator Bennet for his co-sponsorship of S. 548 and for his support of affordable housing and the LIHTC program.

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