Legislative LIHTC Advocates Announce Retirement
Senator Orrin Hatch, the longest-serving Republican senator, recently announced that he will not seek reelection in November. Last year, Senator Hatch and Senator Maria Cantwell of Washington re-introduced the bipartisan Affordable Housing Tax Credit Improvement Act of 2017. The bill amends the Internal Revenue Code, with respect to the low-income housing credit, to rename the credit "the affordable housing credit" and make several modifications to the credit.
In addition to Senator Hatch, Ohio Representative Pat Tiberi had announced in October that he will not seek reelection and is leaving early to lead the Ohio Business Roundtable in January 2018. As a member of the Ways and Means Committee, Representative Tiberi introduced the House companion legislation to the Cantwell-Hatch Affordable Housing Credit Improvement Act of 2017.