He is also a champion of tax incentives for affordable housing.
He will support tax incentives for affordable housing.
Occurrences
Evidence
Neal said, "The Low-Income Housing Tax Credit is a powerful tool for leveraging private investment for affordable housing" and urged colleagues to support reforms that would strengthen the program. The release says he and Rep. Pat Tiberi introduced the Affordable Housing Credit Improvement Act to strengthen the LIHTC.
Neal said, "I’ve been a long time champion of tax incentives for economic development and affordable housing because of the amazing results we’ve seen here in Massachusetts" during a roundtable on the federal Housing Credit / Low Income Housing Tax Credit.
The bill history shows H.R. 7024 included "improvements to the low-income housing tax credit," passed the House on January 31, 2024, and later failed to advance in the Senate. The Congressional Record entry states Title V was "MORE AFFORDABLE HOUSING" and increased the low-income housing tax credit ceiling by 12.5% for 2023-2025.
Neal said the package would "lower the cost of housing by enhancing the Low-Income Housing Tax Credit," adding that it would help develop "more than 200,000 affordable housing units."
Assessments
The promise was to support tax incentives for affordable housing, not necessarily to secure final enactment. The evidence shows Neal repeatedly and concretely supported affordable-housing tax incentives, including introducing the Affordable Housing Credit Improvement Act in 2017, publicly championing the Low-Income Housing Tax Credit, and backing House-passed legislation in 2024 that would expand LIHTC. Although H.R. 7024 did not become law, the promised action of support was fulfilled.