Low-Income Housing Tax Credit Elimination Act

# Low-Income Housing Tax Credit Elimination Act Summary **What the Bill Would Do** This bill would eliminate the Low-Income Housing Tax Credit (LIHTC), a federal tax incentive program that has been in place since 1986. The LIHTC allows developers and investors to claim tax credits when they build or renovate rental housing for low-income households. If passed, this program would be discontinued, removing a major funding source for affordable housing development across the country. **Who It Affects** The elimination would impact low-income renters seeking affordable housing, developers who build subsidized rental properties, investors who finance affordable housing projects, and state housing agencies that administer the program.

Essentially, it would affect millions of Americans who rely on affordable rental housing and the housing industry that serves them. **Current Status** The bill is currently in committee and has not advanced to a full congressional vote. As introduced by Representative Glenn Grothman (R-WI), it remains in the early stages of the legislative process. Supporters argue the program is inefficient, while opponents contend it is a cost-effective tool for addressing housing shortages for low-income Americans.