HR 9659
Low Income Housing for Defense Communities Act
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Bill overview
This bill, the Low Income Housing for Defense Communities Act, aims to increase affordable housing options for members of the Armed Forces and their families. It expands the tax credits available for rental housing projects serving military personnel by excluding their basic housing allowance from income calculations, regardless of location. Additionally, the bill provides a larger tax credit basis for properties located within 15 miles of large military installations, effectively designating these areas as ‘difficult development areas’ to incentivize investment in housing near these facilities.
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