LIHTC, NHTC, MIHTC Extolled as Necessary Tools to Address Affordable Housing Supply Gap During Senate Finance Hearing, Wyden Reintroduces DASH Act

During the hearing titled, Tax Policy’s Role in Increasing Affordable Housing Supply for Working Families, senators and witnesses discussed the ways in which the federal government has used tax policy to address the nation’s housing problems, and provided recommendations on how current policies could be improved and enhanced. In preparation for the hearing, the Joint Committee on Taxation released a report on March 3 titled Present Law And Background Relating To Residential Real Estate that provides general background on the tax provisions related to residential—both rental and owner-occupied—housing...