House Members Introduce Access to Affordable Housing Act, an LIHTC Expansion Bill

A group of lawmakers from Washington state recently introduced legislation to increase the LIHTC by 50 percent, which could result in as many as 400,000 more affordable housing units over 10 years. Congresswoman Suzan DelBene introduced the bill along with cosponsors Reps. Adam Smith and Pramila Jayapal. All of them represent King County, where housing demand and costs have skyrocketed in recent years. In Washington state, nearly 400,000 households pay half their income in rent.