Bill > S1515

This bill, the Affordable Housing Credit Improvement Act of 2025, proposes comprehensive reforms to the Low-Income Housing Tax Credit (LIHTC) program to expand and improve affordable housing opportunities across the United States. The bill includes multiple key provisions: increasing state allocations for housing credits, modifying tenant eligibility rules (such as expanding student and domestic violence victim protections), adjusting credit calculation methods, providing more flexibility for projects in difficult development areas, and creating new incentives for projects serving extremely low-income households. Notably, the bill increases the per capita housing credit amount from $1.75 to $4.25 in 2025, with annual adjustments for inflation, and allows more flexibility for projects in rural and Native American areas. The bill also renames the program from "Low-Income Housing Credit" to "Affordable Housing Credit" and includes provisions to increase oversight, accountability, and transparency in housing credit allocation. Additionally, the bill expresses a congressional sense that future efforts should focus on addressing discriminatory land use policies and removing barriers to affordable housing development. These changes aim to make affordable housing more accessible, adaptable, and responsive to diverse community needs.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1515/all-info