New Democrat Coalition Endorses AHCIA
The New Democrat Coalition (NDC) is a Congressional Member Organization within the U.S. Congress made up of centrist Democrats who support an agenda that the organization describes as “moderate” and “pro-growth” and who support a balanced budget. Entering the 116th Congress, the NDC has 101 members, making it the largest caucus in the Democratic Party and the second largest in Congress.
Recently, the NDC announced the endorsement of certain pieces of housing legislation. The endorsed bills are intended as preliminary actionable solutions to address the housing shortfall identified in the Task Force’s 2018 report, “Missing Millions of Homes.”
One of the endorsed bills is the Affordable Housing Credit Improvement Act (AHCIA), a bipartisan bill to expand and strengthen the LIHTC program by increasing the amount of credits allocated to each state by 50 percent over current levels and stabilizing the value of the 4 percent Affordable Housing Tax Credit. It also includes several provisions that reform the tax credit to target specific populations, including veterans, extremely low-income populations, tribe/Native American communities, rural communities, low-income students, and victims of domestic violence and stalking.