Affordable Housing Credit Improvement 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
The Affordable Housing Credit Improvement Act of 2025 aims to reform the Low-Income Housing Credit by adjusting allocation formulas, modifying tenant eligibility rules, and addressing issues related to property rehabilitation and financing. Specifically, it increases state allocations, clarifies tenant income rules, streamlines student occupancy guidelines, and establishes requirements for protecting victims of domestic abuse. The bill also includes provisions to simplify reconstruction after casualty losses, limit previous ownership rules, and promote the use of tax-exempt bonds.
Key provisions
- Increases state allocations based on a per capita amount and minimum amount, adjusted annually for inflation.
- Clarifies tenant eligibility rules, including adjustments to average income tests and tenant-based assistance.
- Modifies rules regarding student occupancy, allowing for greater flexibility in defining eligible students.
- Requires low-income housing credit-supported housing to protect victims of domestic abuse.
- Simplifies reconstruction rules after casualty losses, allowing for a longer period for rebuilding.
- Eliminates basis reduction for energy-efficient commercial buildings related to affordable housing properties.
- Prohibits local approval and contribution requirements for affordable housing projects.
- Increases the credit for projects serving extremely low-income households and bond-financed projects.
Who is affected
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.
169 on record
Primary sponsor
Cosponsors
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