Senate Bill Would Exempt Homeless Youth and Veterans from the Student Rule

Senate Bill Would Exempt Homeless Youth and Veterans from the Student Rule


May 29, 2015

Senator Al Franken (D-MN) and Senate Finance Committee member Rob Portman (R-OH) recently introduced the Housing for Homeless Students Act, S. 1412, which would add a new exemption to the housing credit student rule to allow full-time students to qualify to rent an LIHTC apartment if they were a youth experiencing homelessness as defined in the McKinney-Vento Homeless Assistance Act at any point within the seven years prior to moving into their LIHTC unit, or if they are a veteran and were homeless at any point within the five years prior to moving into their LIHTC unit. 

Senator Al Franken (D-MN) and Senate Finance Committee member Rob Portman (R-OH) recently introduced the Housing for Homeless Students Act, S. 1412, which would add a new exemption to the housing credit student rule to allow full-time students to qualify to rent an LIHTC apartment if they were a youth experiencing homelessness as defined in the McKinney-Vento Homeless Assistance Act at any point within the seven years prior to moving into their LIHTC unit, or if they are a veteran and were homeless at any point within the five years prior to moving into their LIHTC unit. 

Under current law, full-time students are ineligible to live in an LIHTC unit unless they meet certain established exemptions, including being a single parent, receiving assistance under Title IV of the Social Security Act, or being enrolled in certain job training programs.

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