HR 8533
SAVE Federally-Assisted Housing Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Support Allowing Volume Exception for Federally-Assisted Housing Act (SAVE Act), aims to make it easier to finance the renovation and replacement of public housing. It does this by creating an exception to the existing limits on private activity bonds, which are often used for these types of projects. Specifically, the bill modifies tax code sections to allow bonds to be used for buildings that meet certain criteria related to the number of assisted units and eligible basis funding. The changes will take effect once the bill is enacted.
Sponsors
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Primary sponsor
Cosponsors
Gilbert Ray, Jr. Cisneros
Kenny Marchant
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