Senate Housing Affordability Bill Targets Tax Credits and Permitting
The Senate’s latest push on housing affordability arrives as home prices climb 5.7% year-over-year and rents remain stubbornly high in cities like Austin, Phoenix, and Miami. Lawmakers unveiled a bipartisan bill on Tuesday aimed at lowering costs by expanding low-income housing tax credits, incentivizing starter-home construction, and streamlining local permitting for affordable projects. The proposal…