America's Affordable Housing Needs are Vast and Growing

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More than one in four renter households in the U.S. – roughly 11 million – spend more than half of their income on rent, leaving too little for other necessities like food, medical care, and transportation. 

Meanwhile, only one in four eligible low-income households receives any housing assistance, and we continue to lose affordable housing from our nation's stock. 

Learn more about the need for the Housing Credit.

Bipartisan Bill Would Expand & Strengthen the Housing Credit

Photo Credit:  ms.akr

Photo Credit: ms.akr

The Affordable Housing Credit Improvement Act of 2019 (AHCIA) was reintroduced in both the Senate (S. 1703) and the House (H.R. 3077) on June 4.

The identical Senate and House bills contain more than two dozen provisions that draw on the expertise of many practitioners, developers, and Housing Credit advocates, and have the consensus support of the broad affordable housing industry that the ACTION Campaign represents.

Watch the AHCIA video series covering each of the bill’s provisions.

The Housing Credit is a Proven Tool to Address the Shortage

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The Housing Credit is our nation’s most successful tool for encouraging private investment in the production and preservation of affordable rental housing.

Since it was created in 1986, it has financed 3.2 million affordable apartments, providing homes to roughly 7.4 million low-income households while transferring risk from the government to the private sector.  

Learn about the impact of the Housing Credit in your community.