GAO Director Testifies and Updates Status of LIHTC Report Recommendations

The Senate Finance Committee recently held a hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.” The hearing demonstrated bipartisan support for affordable housing. It emphasized the importance of the LIHTC as an affordable rental housing tool, and S. 548, the legislation sponsored by Senator Maria Cantwell (D-WA) and Senator Hatch (R-UT) to expand and improve the LIHTC to help address affordable housing needs.