U.S. Representatives Brad Wenstrup (R-OH-2) and Danny Davis (D-IL-7) this week introduced a measure to assist homeless veterans, foster youth and others in obtaining affordable housing as they seek college degrees.
Wenstrup and Davis hope to change the Low-Income Housing Tax Credit (LIHTC), which lightens the tax burden on developers constructing or rehabilitating low-cost rental units. Currently, LIHTC does not permit full-time students to avail themselves of LIHTC-funded housing sites. This restriction was written to prevent the tax credit from funding dormitory buildings.Read More