Ohio’s two U.S. senators this week proposed a Senate bill making full-time students eligible for the Low-Income Housing Tax Credit (LIHTC) program.
U.S. Representatives Brad Wenstrup (R-OH-2) and Danny Davis (D-IL-7) introduced a House version of the measure earlier this week. The proposed change to the program would make LIHTC, which provides tax relief to developers who build or rehabilitate low-cost rental units, allow full-time students to live on sites funded by the credit. The current prohibition on such students living in those buildings was intended to prevent LIHTC from aiding the construction of dormitories.
In a statement urging senators to support their bill, Senators Rob Portman (R-OH) and Sherrod Brown (D-OH) said the legislation would aid many college students who are also veterans or young people who have aged out of the foster-care system. Maine independent Senator Angus King joined them in sponsoring the measure.
“Students shouldn’t have to choose between stable housing and going to school full-time,” Portman said. “This legislation will provide low-income students access to affordable housing while they attend school. With secure housing we can help to ensure that they are able to focus on their education, graduate and achieve their God-given potential.”
According to the website Veterans Data Central, a project of the nonprofit Housing Assistance Council (HAC), 730 veterans across Ohio are estimated to be currently homeless.
“Students and veterans who have experienced homelessness shouldn’t be forced to choose between pursuing an education and access to affordable housing,” Brown said. “I’m proud to work with Senators King and Portman to ensure the housing tax credit works for students investing in their futures.”
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