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Senator Al Franken (D-MN) and Senate Finance Committee member Rob Portman (R-OH) recently introduced the Housing for Homeless Students Act, S. 1412, which would add a new exemption to the housing credit student rule to allow full-time students to qualify to rent an LIHTC apartment if they were a youth experiencing homelessness as defined in the McKinney-Vento Homeless Assistance Act at any point within the seven years prior to moving into their LIHTC unit, or if they are a veteran and were homeless at any point within the five years prior to moving into their LIHTC unit.
