The Affordable Housing Credit Improvement Act ... was given a boost of support today with the introduction ... Lead sponsors Senators Todd Young (R-IN), Maria Cantwell (D-WA) Marsha Blackburn (R-TN.) and Ron Wyden (D-OR.) reintroduced the AHCIA with 30 bipartisan cosponsors ... The original cosponsors are: Maria Cantwell (D-WA) Ron Wyden (D-OR) Michael Bennet (D-CO) ... 'The Affordable Housing Credit Improvement Act will leverage private sector investment to increase the stock of affordable housing in both urban and rural communities.' ... 'Expanding and improving the Low-Income Housing Tax Credit will do just that by making it more affordable to build homes and lower rents,' said Senator Cantwell.
Bennet promises to support passage of the Affordable Housing Credit Improvement Act to expand and improve the Low-Income Housing Tax Credit, leveraging private sector investment to increase the supply of affordable housing in urban and rural communities nationwide.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists S. 1515 as the Affordable Housing Credit Improvement Act of 2025, introduced April 29, 2025. The action states the bill was introduced with Mr. Bennet among the senators named and was read twice and referred to the Senate Finance Committee. The full title is to amend the Internal Revenue Code to reform the low-income housing credit.
legacy_unverified · Source version not recorded · locator unknown
GovInfo identifies H.R. 1 as Public Law 119-21, approved July 4, 2025. The public law text includes section 70422, titled Permanent Enhancement of Low-Income Housing Tax Credit, amending section 42 to increase the state housing credit ceiling for calendar years after 2025 and revise the tax-exempt bond financing requirement for buildings placed in service after 2025.
Assessments
Bennet materially supported the Affordable Housing Credit Improvement Act by being listed as an original Senate cosponsor of S. 1515 in the 119th Congress, but that standalone bill was only referred to the Senate Finance Committee and did not pass. Related Low-Income Housing Tax Credit expansion and improvement provisions were enacted in Public Law 119-21 during the same Senate term, including a permanent enhancement of the state housing credit ceiling and revised bond financing requirements. Because the promised policy outcome was partly enacted but not through passage of AHCIA itself, this merits partial rather than full delivery.