Wyden Wins Passage of Expanded Low-Income Housing Tax Credit
Legislation targets lack of affordable housing in Oregon and nationwide
Washington – U.S. Sen. Ron Wyden said today that the expanded low-income housing tax credit in the larger government spending bill that passed the Senate will provide much-needed affordable housing help for families in Oregon and nationwide.
The 12.5 percent increase in the allocation of low-income housing tax credits for the states and income-test adjustments benefiting the lowest-income renters is expected to generate 35,000 new affordable housing units and 40,000 jobs all across America over the next decade.
“Building on the proven success of the low-income housing credit ensures that more Oregonians have an opportunity at a roof over their heads,” said Wyden, ranking member of the Senate Finance Committee. “This legislation will help answer the need for more affordable housing in every corner of our state.”
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