We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Last month, Congressmen Pat Tiberi, R-Ohio, and Richard Neal, D-Mass., introduced bipartisan legislation (H.R. 4717) that would encourage additional private investment in affordable rental housing. The Tiberi-Neal bill would make permanent the 9 percent Housing Credit for new construction and create a new 4 percent credit rate floor for investment in existing developments.