Representatives Danny Davis (D-IL) and Brad Wenstrup (R-OH) introduced the Housing for Homeless Students Act on February 7, 2024, which would increase access to affordable housing for students who are homeless, including veterans and youth formerly in foster care.
From the press release: “The Low Income Housing Tax Credit reduces the tax liability for developers that build or rehabilitate affordable rental housing units, successfully increasing the affordable housing for individuals and families who experience homelessness. Unfortunately, the current “student rule” prohibits full-time students from living in LIHTC-funded properties. This prohibition was intended to prevent the building of dorms with LIHTC funds. Unfortunately, this prohibition excludes students who currently struggle or recently struggled with homelessness who would otherwise qualify for housing, forcing them to choose between stable housing or a full-time education. The Housing for Homeless Students Act would create a limited exception to the LIHTC student rule to allow homeless or recently‑homeless individuals who are full‑time students to live in LIHTC units.”
