Expansion of Affordable Housing Programs in the “One Big Beautiful Bill”
Originally passed by the U.S. House of Representatives on May 22, 2025, the “One Big Beautiful Bill Act” (H.R. 1) represented a sweeping tax package that included substantial enhancements to the Low-Income Housing Tax Credit (LIHTC) program. Signed into law on July 4, 2025, as Public Law 119-21, these changes mark the most significant expansion of the LIHTC Program since 2008 and are expected to drive a notable increase in affordable housing production nationwide.
