Thompson Pushes for Affordable Housing
Washington – Today, Rep. Mike Thompson (CA-05) called for improvements to low-income housing tax credits, which encourage property owners and private investors to invest in affordable housing. Tax credits are awarded to developers, who then use them for affordable housing projects that otherwise would not be profitable because of low rents. Thompson cosponsored the Affordable Housing Credit Improvement Act of 2017, which reforms these credits to increase access to affordable housing.