The resolution emphasizes the critical need for stable, safe, and affordable housing in Alabama, which is essential for workforce availability, family stability, and local economic growth. It acknowledges the role of federal low-income housing tax credits and other financing tools in creating and preserving affordable rental housing, while also recognizing that gaps still exist between development costs and available financing in many areas of the state. To address these gaps, the resolution highlights the potential of leveraging private capital through below-market lending and charitable contributions to enhance affordable housing opportunities for low-income households.

Furthermore, the resolution advocates for the establishment of an Alabama Affordable Housing Investment Credit, which would be administered by the Alabama Housing Finance Authority. This credit would incentivize qualified financial institutions to engage in loans, investments, and contributions to eligible housing entities, thereby supporting affordable housing initiatives. The resolution expresses the Alabama House of Representatives' commitment to expanding and preserving affordable housing and calls for coordinated efforts to utilize existing housing resources effectively.