HR 3126

This bill, the Promoting Submetering for Affordable Housing Act, aims to encourage the use of water submeters in affordable housing projects by increasing the amount of the Low-Income Housing Credit they receive. Specifically, it provides an additional 5% to buildings with four or more units that utilize separate water billing, allow tenants to access their submeter readings, and provide those readings within 72 hours of a request. This change is intended to incentivize landlords to implement submetering systems, potentially leading to lower water costs for residents and increased financial benefits for affordable housing developers.