OHC submits a letter to members of the U.S. House of Representatives, advocating for the inclusion of the Affordable Housing Credit Improvement Act (AHCIA) in the extension of the Tax Cuts and Jobs Act of 2017 (TCJA).

Key points include:

• Critical Housing Need: Nearly 400,000 Ohio renter households spend over half their income on rent, underscoring the urgent need for more affordable housing.
• Economic Growth Impact: Major investments, such as Intel’s $20 billion semiconductor facility and LG’s battery production expansion, will drive workforce demand, making affordable housing essential.
• LIHTC Expansion Benefits: AHCIA could help finance up to 37,600 additional affordable homes in Ohio while generating jobs, wages, and tax revenue.
• Proven Economic Tool: LIHTC has already supported 135,000 affordable homes, over 210,000 jobs, and contributed more than $8.6 billion in tax revenue to Ohio.

OHC's Letter to the US House's Community Development Tax Team