MBA Statement on the House Passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024”

WASHINGTON, D.C. (January 31, 2024) — MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” by the U.S. House of Representatives:

“MBA is pleased the House has passed this bipartisan bill that increases the availability of Low-Income Housing Tax Credits (LIHTC). The enhancements to the LIHTC program will improve the supply and affordably challenges in the rental market by producing an estimated 200,000 additional rental units over the next two years.

“We will continue to highlight the bill’s important housing provisions to lawmakers on both sides of the aisle and call for its passage in the Senate as soon as possible.”