summary
Introduced
09/10/2021
09/10/2021
In Committee
09/10/2021
09/10/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to designate projects serving extremely low-income households for pur- poses of allocating the State housing credit ceiling and determining an increased amount of low-income housing tax credit.
AI Summary
This bill, the Affordable Housing Equity Act of 2021, aims to amend the Internal Revenue Code to designate projects serving extremely low-income households (defined as those with incomes up to 30% of the area median or 100% of the federal poverty line) for the purpose of allocating the state housing credit ceiling and determining an increased amount of the low-income housing tax credit. Specifically, the bill would set aside a portion of each state's housing credit ceiling for these designated projects, and it would provide a 150% increase in the eligible basis for the portion of a building that serves extremely low-income households, in order to make such projects financially feasible.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 09/10/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/5219/all-info |
| BillText | https://www.congress.gov/117/bills/hr5219/BILLS-117hr5219ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr5219/BILLS-117hr5219ih.pdf.pdf |
Loading...