Affordable Housing Testimony

Chris Edwards

I testified to a House subcommittee yesterday about affordable housing. In particular, I discussed the low-income housing tax credit (LIHTC), which is a $14 billion a year subsidy program for apartment building developers.

LIHTC has garnered bipartisan support over the years, and some members of both parties favor program expansion. However, LIHTC is a very inefficient way to expand affordable housing. With Republicans moving a major tax bill in the coming weeks...