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Bill > HR9380


US HR9380

US HR9380
Working Families Housing Tax Credit Act


summary

Introduced
08/16/2024
In Committee
08/17/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to provide a credit for working families housing development, and for other purposes.

AI Summary

This bill amends the Internal Revenue Code to create a new "Working Families Housing Tax Credit" that provides a tax credit to encourage the production of quality housing for teachers, firefighters, police officers, veterans, and other hard-working Americans. The bill also authorizes the Secretary of Housing and Urban Development to make grants and below-market loans to local governments in rural and exurban areas for infrastructure projects related to the development of these qualified working families housing projects.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. (on 08/17/2024)

Bill Topics

Community Development and Housing Issues
  • ‐ Community and Regional Development
  • ‐ Housing and Community Development for Low and Middle Income Persons
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://www.congress.gov/bill/118th-congress/house-bill/9380/all-info 08/17/2024
BillText https://www.congress.gov/118/bills/hr9380/BILLS-118hr9380ih.pdf 09/10/2024
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