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Sullivan To Fix Housing Crisis For Low And Middle-Income Alaskans And Americans

Sullivan is encouraging the private sector to construct affordable housing for low-income individuals and families. 

December 15, 2023

U.S. Senator Sullivan spoke regarding the housing crisis in Alaska and across the country and also emphasized the importance of low and middle-income housing in rural and urban communities. Last week, Sen Sullivan introduced the Workforce Housing Tax Credit (WHTC) Act to increase the supply of affordable housing for families by broadening the Low Income Housing Tax Credit (LIHTC) to include rental housing for middle-income earners. The initiative aims to encourage the private sector to construct affordable housing for individuals who earn too much for low-income affordable housing but struggle to afford homes near their workplaces. Complementary legislation has been introduced in the House by U.S. Representatives Jimmy Panetta (D-Calif.) and Mike Carey (R-Ohio).

Sen Sullivan said, “Everywhere I travel in the great state of Alaska, I hear from Alaskans reeling from the scarcity of housing…Teachers, law enforcement, first responders, nurses, health care officials, and electricians—the backbones of so many communities—are priced out of the market to buy a home. Expanding the low-income housing credit will help address the core issues of not just homelessness and overcrowding, particularly in rural Alaska, but it will also empower hard-working Alaskans to stay in our communities and build a more robust workforce

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The content provided in this article draws inspiration and includes quotes from various reputable sources, including news articles, government data, and interviews. Affordable Housing 411 strives to ensure accuracy and credibility, but the information presented may be based on some external sources. We encourage readers to refer to the referenced materials for more in-depth insights and verification.

 

Sullivan Senate. “ICYMI: Sullivan Highlights Bill To Help Fix Housing Crisis For Low- And Middle-Income Alaskans & Americans”. Sullivan Senate, December 13, 2023, 

ICYMI: Sullivan Highlights Bill to Help Fix Housing Crisis for Low- and Middle-Income Alaskans & Americans (senate.gov)

Last Updated: September 20, 2021