U.S. Congressmen Jim McDermott (D-WA), Erik Paulsen (R-MN), and Keith Ellison (D-MN) have introduced a bill that would update the existing tax law to allow formerly homeless young people to pursue a four-year college education and still qualify for Low Income Housing Tax Credits housing units. The bill would change the “student rule” in the LIHTC program, which currently prohibits low-income tenants from being full-time students. A number of individuals are currently exempt from the “student rule,” including former foster youth, single parents, and parents receiving public assistance. The bill would add homeless youth to this exemption, allowing these individuals to pursue a full-time education while living in low-income housing.
To view the full text of the bill, click here.
