WASHINGTON, DC — Legislation introduced in the Senate last week by Senators Bob Graham (D-FL), Orrin Hatch (R-UT), Jim Jeffords (I-VT), Robert Torricelli (D-NJ), and John Kerry (D-MA) is important for restoring the Low-Income Housing Tax Credit (LIHTC) program as a tool for building affordable apartments nationwide, according to the National Association of Home Builders (NAHB).
"Senators Graham, Hatch, Jeffords, Torricelli, and Kerry are to be commended for their efforts," said Gary Garczynski, NAHB president. "This bill is about increasing the supply of affordable rental housing for hardworking American families."