Bill > HR9659

This bill, the Low Income Housing for Defense Communities Act, aims to provide tax incentives for rental housing for members of the Armed Forces. The key provisions are: 1. The bill excludes the military's basic housing allowance from being counted as income when determining eligibility for the Low-Income Housing Tax Credit and tax-exempt bonds for qualified residential rental projects. This allows more active-duty military personnel to qualify for these affordable housing programs. 2. The bill increases the Low-Income Housing Tax Credit for buildings located within 15 miles of a large military installation (defined as a military installation with a total plant replacement value exceeding $2.833 billion). This is intended to drive investment into affordable housing projects near major military bases. 3. The bill clarifies that buildings receiving the increased tax credit do not have to be occupied solely by members of the Armed Forces, allowing for broader access to affordable housing in these communities.