With the Senate back from recess, committees are releasing their pieces of the reconciliation bill this week.

  • The Senate Finance Committee, which oversees the LIHTC, clean energy tax credits, and Medicaid changes, is expected to be among the last to unveil its draft.
  • The Bipartisan Policy Center published a helpful breakdown of the House Reconciliation bill being considered by the Senate and what it could mean for housing.

What to Expect Next: Senate Majority Leader John Thune (R-SD) expects the bill to reach the floor the last full week of June, before the July 4 recess. The Byrd Rule may limit which provisions remain, and Leader Thune says he won’t challenge the Senate parliamentarian’s decisions on the final package.

What This Means for LIHTC: With the Finance Committee’s version still pending, we must keep advocating in the Senate to ensure LIHTC priorities remain in the final bill.

  • The ACTION Campaign launched an updated reconciliation advocacy tool.

The Affordable Housing Credit Improvement Act (AHCIA) has a record-high 40 Senate cosponsors, split evenly among Republicans and Democrats.