Low Income Housing for Defense Communities Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 4
- Latest action
- Jan 9, 2025
What it does
The Low Income Housing for Defense Communities Act would amend the Internal Revenue Code to provide tax incentives for rental housing serving members of the Armed Forces by excluding military basic housing allowance from income calculations when determining eligibility for low-income housing tax credits and tax-exempt bond financing. It would also increase the low-income housing tax credit for buildings located within 15 miles of large military installations—defined as those with a plant replacement value exceeding $2.833 billion—by treating them as difficult development areas, without requiring that such buildings be occupied exclusively by military personnel. The bill applies to…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.