House Tax Bill’s Child Tax Credit Provisions Could Lift 400,000 Children Above the Poverty Line
![](https://clpha.org/sites/default/files/styles/medium/public/resource_thumbnails/House%20thumbnail_33.png?itok=tryvf0wQ)
Bill Will Also Help an Additional 3 Million Low-Income Children
Bill Will Also Help an Additional 3 Million Low-Income Children
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On January 31, 2024, The Senate Committee on the Budget held a full committee hearing entitled, “A Blueprint for Prosperity: Expanding Housing Affordability.” The hearing primarily focused on how investing in housing can expand affordability and economic growth.
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):