On August 1, the Senate Finance Committee held a hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.” In a bipartisan show of support for affordable housing, witnesses and members of the Committee from both sides of the aisle acknowledged the need to address the affordable housing crisis, and the discussion centered around the Low-Income Housing Tax Credit (Housing Credit) as our nation’s primary tool for increasing the supply of affordable rental housing. The Affordable Housing Credit Improvement Act (S. 548), introduced by Senator Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT), featured prominently in the discussion, with several members on the committee expressing support for many of the bill’s provisions to strengthen the Housing Credit. The committee is accepting statements for the record in response to the hearing, due August 15, and instructions can be found on the committee’s hearing webpage. Read a full summary of the hearing on Enterprise’s blog.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing