Statement from NAHB Chairman Chuck Fowke on Low-Income Housing Tax Credit Legislation

Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and custom home builder from Tampa, Fla., issued the following statement on the introduction of the Affordable Housing Credit Improvement Act in the House and Senate:

“NAHB commends House and Senate lawmakers for introducing the Affordable Housing Credit Improvement Act, bipartisan legislation that would improve the Low-Income Housing Tax Credit and finance more than 2 million additional multifamily units over the next decade. The nation is in the midst of a housing affordability crisis and the only effective long-term solution is to increase supply. With nearly 11 million renter households severely cost-burdened, the Affordable Housing Credit Improvement Act would greatly enhance our ability to meet the growing demand for more affordable rental units.”