H.R. 2117

H.R. 2117, known as the “Affordable Housing Credit Improvement Act,” aims to enhance the Low-Income Housing Tax Credit program, which encourages the development and rehabilitation of affordable housing. The bill seeks to increase the allocation of tax credits, simplify application processes, and promote the use of these credits in rural areas. Its goals include boosting the availability of affordable housing options for low-income individuals and families, making it easier for developers to invest in these projects, ultimately addressing the ongoing housing crisis in many communities across the United States.