Advocates should urge their members of Congress to expand and make needed changes to the Low-Income Housing Tax Credit (LIHTC) program.
The Low-Income Housing Tax Credit (LIHTC) is the primary source of financing for the construction and preservation of affordable housing. While it is an important resource, LIHTC, on its own, rarely builds or preserves homes affordable to households with the lowest incomes, those with the greatest and clearest needs. Moreover, LIHTC tenants and applicants have few protections to ensure they are treated fairly.
Any expansion of LIHTC in a tax extenders package must be paired with key reforms, including those proposed in the Build Back Better Act and other key legislation, to ensure that the program better serves people experiencing or at risk of homelessness.
Find out what reforms are needed, and check out the NLIHC’s Fall and Winter 2022 Advocacy Toolkit for help crafting messages to Congress.