U.S. House Passes Tax Relief Bill


February 2024
In late January 2024 the U.S. House of Representatives overwhelming (357-70) passed H.R 7024, the “Tax Relief for American Families and Workers Act of 2024.”

This bill includes increases for the availability of Low-Income Housing Tax Credits (LIHTC), which the Mortgage Bankers Association (MBA) says will improve the supply and affordability challenges in the rental market by producing an estimated 200,000 additional rental units over the next two years.

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