05/26/2022

LeadingAge Ohio lends support to state low income housing tax credit proposal

This morning, LeadingAge Ohio joined members like National Church Residences and advocates like the Affordable Housing Alliance in submitting testimony in support of HB 560, which would authorize a nonrefundable state tax credit that piggybacks on the federal low-income housing tax credit (LIHTC) for affordable housing projects. Testimony was part of the bill’s second hearing before the House Families, Aging & Human Services Committee. 

A new, state-level LIHTC program would offer a new lever for housing developers working to boost Ohio’s affordable housing stock during a time of great scarcity. Read LeadingAge Ohio’s testimony here. Questions or comments on the bill may be sent to Patrick Schwartz at pschwartz@leadingageohio.org.