Bill > HR3216

This bill requires the Secretary of Housing and Urban Development (HUD) to systematically collect and publicly share detailed information about properties that receive Low-Income Housing Tax Credits (LIHTC), a federal program that provides tax incentives for developing affordable housing. Specifically, the bill mandates that state agencies providing these tax credits must submit comprehensive data about each property within 18 months of its completion and annually thereafter. The required data includes development costs, ownership details, ownership structure, habitability standards, inspection information, reasons for property disposition, affordable use provision expiration dates, and other relevant information. The Secretary of HUD must establish clear standards for data collection, provide technical assistance to states for data compilation, and coordinate with other federal housing agencies to reduce duplicative reporting. HUD will be required to publish this collected data at least annually and periodically issue public reports analyzing the multifamily housing development market. Additionally, the bill ensures that data collection continues even for properties that will soon no longer be eligible for tax credits, including tracking information about final owners or purchasers of such properties.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3216/all-info