House Passes Bipartisan Tax Bill with Expansion of Low-Income Tax Credit
2.1.24
Provides Financing for More Than 200,000 Additional Affordable Rental Homes
On February 1, 2024, the House of Representatives passed H.R. 7024, The Tax Relief for American Families and Workers Act of 2024. H.R. 7024 passed in the House by an overwhelming bipartisan vote of 357-70. The bicameral bill includes the following two provisions related to the Low-Income Housing Tax Credit (LIHTC):