US Congress · 119th Congress (2025-2026)

HR 537Introduced

INCREASE Housing Affordability Act

Source of recordUS Congress · congress.govLast synced Sep 5, 2026

Chamber

House

Progress

Where this bill stands in the legislative process.

Introduced
Passed House
Passed Senate
To President
Became Law

Overview

The INCREASE Housing Affordability Act aims to boost housing supply by providing tax credits for converting commercial buildings into residential units. It establishes a 15% credit for qualified conversion expenditures, with limitations based on the number of new housing units and the building’s size. The bill also offers bonus credits for buildings with a significant percentage of rent-restricted units occupied by low-income individuals and provides technical assistance to state and local housing agencies to facilitate these conversions. Furthermore, it establishes an advisory board to support these efforts.

Key provisions

Provides a 15% tax credit for qualified commercial-to-residential conversions.
Establishes limitations on the credit amount based on the number of new housing units and building size.
Offers bonus credits for buildings with a high percentage of rent-restricted units occupied by low-income households.
Provides technical assistance to state and local housing agencies.
Creates a Commercial to Residential Conversion Advisory Board.
Defines ‘qualified converted building’ with specific criteria regarding prior use, conversion, and age.
Includes provisions for ‘progress expenditures’ to account for the phased nature of some conversions.
Addresses potential double-benefit issues by denying credits for expenditures already eligible for other tax credits.

Who is affected

Real estate developers

Bill text

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Jan 16, 2025XMLView source

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Legislative history

3 recorded actions

Jan 16, 2025House

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jan 16, 2025

Introduced in House

Mar 5, 2026House

ASSUMING FIRST SPONSORHSIP - Mr. Magaziner asked unanimous consent that he may be hereafter be considered as the first sponsor of H.R. 537, a bill originally introduced by Representative Sherrill, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

Votes

Recorded roll calls and chamber actions on this bill.

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

3/5/2026HouseUnanimous consent
ASSUMING FIRST SPONSORHSIP - Mr. Magaziner asked unanimous consent that he may be hereafter be considered as the first sponsor of H.R. 537, a bill originally introduced by Representative Sherrill, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

Mar 5, 2026HouseUnanimous consent
ASSUMING FIRST SPONSORHSIP - Mr. Magaziner asked unanimous consent that he may be hereafter be considered as the first sponsor of H.R. 537, a bill originally introduced by Representative Sherrill, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
No roll-call vote on record for this action.

Geography

Recorded positions across the country.

No public positions recorded for this legislation.

Arguments

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INCREASE Housing Affordability Act

Progress

Overview

Key provisions

Who is affected

Bill text

Sponsors

Primary sponsor

Cosponsors

Legislative history

Votes

Passage without roll call

Floor votes and chamber actions

Passage without roll call

Geography

Arguments

Arguments in favor

Arguments opposed

Notable changes

Fiscal impact

Geography

Legislative history

Votes

Passage without roll call

Floor votes and chamber actions

Passage without roll call