Bill > S4773

This bill, titled the "Decent, Affordable, Safe Housing for All Act" or "DASH Act," aims to provide rental vouchers for the homeless and implement various housing assistance and revenue provisions. Key provisions include the establishment of a program to provide rental vouchers for individuals and families experiencing homelessness or at risk of homelessness, with specific allocations of 250,000 vouchers in fiscal year 2026 and 400,000 annually thereafter. The bill also authorizes significant funding for land acquisition and construction, a modular construction pilot program, and incentives for pro-housing development by encouraging zoning reforms. Additionally, it permanently authorizes appropriations for grants under the McKinney-Vento Homeless Assistance Act, introduces rural housing reinvestment initiatives, and establishes a permanent housing preservation and revitalization program. On the revenue side, the bill includes provisions to increase state allocations for housing credits, provides incentives for buildings serving extremely low-income households, expands the definition of "difficult development areas" to include Indian and rural areas, and modifies tax credits related to bond-financed projects and supportive services. It also introduces a renters credit, a middle-income housing tax credit, a neighborhood homes credit, and a first-time homebuyer refundable credit, while also making changes to the deductibility of losses from the sale of principal residences and permanently excluding certain mortgage debt forgiveness from gross income.