WASHINGTON — Lawmakers and advocates are eyeing year-end legislation as vehicles to expand a low-income housing construction incentive as opportunities dwindle to address a growing affordability crisis before the next Congress.
Despite bipartisan support for the low-income housing tax credit, or LIHTC, its expansion in a year-end bill may come down to cost and negotiations around bigger partisan priorities, including the child tax credit, and research and development incentives.
Supporters see the year-end tax and appropriations bills as the last, best chance to take action on housing in this Congress and warn there may be fewer opportunities if Republicans retake the House after the November midterms.
