Affordable Housing Equity Act of 2025
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill aims to increase the Low-Income Housing Tax Credit (LIHTC) to make more affordable housing projects financially viable, particularly for buildings that prioritize housing extremely low-income households. It does this by adjusting how the credit is calculated for these projects, increasing the eligible basis for them. The changes will apply to new projects starting after the bill’s enactment and to existing projects with financing agreements finalized after the enactment date.
Key provisions
- Increases the Low-Income Housing Tax Credit for buildings with a significant percentage of units designated for extremely low-income households.
- Specifically increases the eligible basis for these units, reducing the credit amount applied to them.
- Sets a threshold of 20% of units designated for households with incomes at or below 30% of the area median income.
- Allows housing credit agencies to designate buildings requiring this increased credit.
- The changes apply to buildings receiving credit allocations after the bill’s enactment date.
Who is affected
- Developers of affordable housing projects
- Extremely low-income households
- Housing credit agencies
- Taxpayers utilizing the Low-Income Housing Tax Credit
Notable changes
- Modifies the calculation of the Low-Income Housing Tax Credit.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours