To build on the work of our network to advance housing solutions in communities across the country, Lutheran Services in America is supporting the federal expansion of the Low-Income Housing Tax Credit (LIHTC). Provisions in pending legislation represent what would be the largest single investment in affordable housing in decades.
Earlier this year, the House passed with strong bipartisan support the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024), which includes key provisions to expand LIHTC. Action has moved to the Senate, and we are asking you to contact your senators and urge them to pass this legislation to better address our nation’s housing crisis by meeting critical, urgent needs that have been under-resourced.
If passed, this bipartisan legislation will expand and strengthen LIHTC by financing the construction or preservation of an estimated 200,000 additional affordable housing units nationwide, generating more than $34 billion in wages and business income, supporting over 304,000 jobs, and generating almost $12 billion in federal, state, and local tax revenue.
We hope you will join us in raising our collective voice on this urgent issue. If you have any questions, please contact Sarah Dobson.
Sarah Dobson is Senior Director of Public Policy and Advocacy at Lutheran Services in America.
