LIHTC Bill Seeks to Boost Seniors Housing

Rep. Joe Baca (D-Calif.) has introduced legislation aimed at increasing the number of seniors housing built under the low-income housing tax credit (LIHTC) program.

His bill, H.R. 6295, calls on states to provide additional points in their qualified allocation plans to developers building affordable seniors communities.

The legislation also clarifies that individuals must be 62 year or older and have a household income no greater than 140 percent of their state’s designated income eligibility limit for subsidized housing benefits, according to Baca’s office.

Affordable Housing Finance

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