1. Short title This Act may be cited as the Middle-Income Housing Tax Credit Act of 2018 . 2. Sense of the Senate relating to the low-income housing tax credit (a) Findings The Senate makes the following findings: (1) The low-income housing tax credit under section 42 of the Internal Revenue Code of 1986 is one of the Federal Government's primary policy tools for encouraging the development and rehabilitation of affordable rental housing. (2) Since 1986, when the low-income housing tax credit was first enacted, the credit has financed about 3,000,000 affordable homes in the United States for roughly 7,000,000 households. In Oregon, the program has financed nearly 40,000 affordable homes, providing housing to over 92,000 low-income households. (3) While the low-income housing tax credit has been remarkably successful, the Nation still faces an affordable housing crisis. Today, more than 1 in 4 renter households in the United States—roughly 11,100,000—spend more than half of their income on rent, leaving too little for other necessities like food, medical care, and transportation. Meanwhile, only 1 in 4 eligible low-income households receives any housing assistance, and we continue to lose affordable housing from our Nation's stock. In Oregon, a minimum wage worker has to work 72 hours per week to afford a modest one-bedroom apartment. (4) In Oregon, where housing affordability is an acute problem, demand for low-income housing tax credits exceeds supply by more than 2 to 1. (5) In March of 2017, the Affordable Housing Credit Improvement Act of 2017 was introduced to expand the supply of greatly needed affordable housing. Among other provisions, the Affordable Housing Credit Improvement Act of 2017 would strengthen the low income housing tax credit by increasing the annual per capita credit allocation and small State minimum by 50 percent, phased in over 5 years. In March 2018, several provisions of the Affordable Housing Credit Improvement Act of 2017 were enacted as part of the Consolidated Appropriations Act,