Episode 25: American Affordability Act Introduced to Strengthen LIHTC

Representative Mike Thompson introduced the American Affordability Act on February 3rd, proposing comprehensive measures to strengthen affordable housing programs and expand the Low-Income Housing Tax Credit. Key Provisions of the American Affordability Act: Additional LIHTC enhancements beyond the 12% increase in OBBBA New tax credits for first-time homebuyers facing affordability challenges Tax credits for renters struggling with housing costs Incentives to convert vacant office buildings to residential housing Targets households at 80-120% of area median income Why This Matters: Office vacancy rates at historic highs create adaptive reuse opportunities Commercial conversions can be faster and cheaper than ground-up construction Bipartisan interest signals continued support for affordable housing expansion For LIHTC developers, this bill could open new deal structures and acquisition opportunities in the commercial conversion space. Subscribe to The Spring Street Brief for daily affordable housing news covering LIHTC, tax credit legislation, HUD policy, and housing finance.]]>