S 1805
Affordable Housing Bond Enhancement Act
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- Passed Senate
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- Became Law
Bill overview
The Affordable Housing Bond Enhancement Act modifies programs used by state housing finance agencies to increase the availability of affordable housing and homeownership. It requires the IRS to report on state use of bond authority, increases the limit for home improvement loans, and simplifies recapture tax rules for borrowers receiving mortgage revenue bonds or mortgage credit certificates. The bill also streamlines the process for issuing mortgage credit certificates and reduces public notice requirements. These changes aim to boost investment in affordable housing and make homeownership more accessible.
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