Rep. James Clyburn (D-SC) recently introduced the Restoring Tax Credits for Affordable Housing Act (H.R. 6542), a bill that would restore 235,000 affordable housing units projected to be lost over the next ten years as a result of tax reform. The bill would increase the per-capita LIHTC allocation from $2.70 to $2.90, increase the small-state minimum by $265,000 for a total minimum allocation of $3.365 million to small states, and other changes as well. Bill language has been provided on Rep. Clyburn’s website.
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