Senate Bill Introduced to Establish Minimum LIHTC Rates

Sens. Maria Cantwell (D-WA) and Pat Roberts (R-KS) recently introduced the “Improving the Low-Income Housing Tax Credit Rate Act” (S. 1193). This bill would create a permanent floor for the LIHTC. The bill’s text is identical to the House bill that was introduced on Feb. 26 by Reps. Pat Tiberi (R-OH) and Richard Neal (D-Mass.).