The LIHTC fund will create or preserve 1,708 affordable homes across the country — and generate 2,777 new jobs and $314.6 million in wages, tax revenue, and business income, including $179.5 million in direct wages to workers.
Enterprise Community Partners today applauds the Senate Finance Committee for including language in its budget reconciliation package proposal that would permanently extend the New Market Tax Credit and strengthen the Low-Income Housing Tax Credit, a resoundingly bipartisan way to expand the housing supply and economic opportunity in every part of the nation.
If the Affordable Housing Credit Improvement Act introduced is enacted affordable housing developers would be able to impact rural, tribal and high-cost communities, as well as extremely low-income and formerly homeless residents.