An Act establishing a commission to study reforms to the low-income housing tax credit program

HD 3372 creates a commission to study reforms for the state's low-income housing tax credit (LIHTC) program. The commission, including housing officials, legislators, and housing experts, will examine how LIHTC funds are administered, explore ways to streamline projects and preserve existing affordable housing, and recommend improvements to increase transparency and impact. It must hold public hearings and submit a report with findings and recommendations to state lawmakers within 12 months. This bill does not change the LIHTC program itself but sets up a process to evaluate potential reforms.