Affordable Housing Credit Improvement Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 42
- Latest action
- Apr 29, 2025
What it does
The Affordable Housing Credit Improvement Act of 2025 would amend the Internal Revenue Code to reform the low-income housing tax credit by increasing state allocations based on a per capita formula and minimum funding amounts, adjusting tenant eligibility rules—including allowing higher-income tenants in certain units and applying average income tests to exempt facility bonds—and modifying credit calculations for projects serving extremely low-income households, rural areas, Native American communities, and those affected by casualty losses or foreclosure risks. It also eliminates certain basis reductions, restricts local approval requirements, and enhances oversight and transparency in the…
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.
Where it goes next
While a bill can still move, the questions are about people and money.