U.S. Representative Bill Owens (D-NY) has introduced a new bill (H.R. 2097) that would allow military service members to exclude basic allowance for housing (BAH) from their income when applying for low-income housing tax credit (LIHTC) housing. The Military Families Affordable Homes Act would expand an exception to the requirement that Congress passed for several military bases affected by Base Realignment and Closure activities.
Read More…