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Senate Finance Committee member Maria Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) recently introduced legislation (S.3237), which adds upon an earlier bill they proposed to increase the LIHTC program’s tax credit authority by 50 percent and create a 4 percent credit rate floor for acquisition and bond-financed projects. Senate Finance Committee Ranking Member Ron Wyden (D-OR) also joined as an original co-sponsor.
