arrow_back Back to App

Easier Access to Low-Income Housing Tax Credits

This bill aims to make it easier to provide housing for low-income individuals by changing tax credit rules for residential buildings. The new rules could allow more existing buildings to be used for affordable housing, potentially increasing its availability in the market.
Key points
Modifies how tax credits are calculated for low-income housing, especially when acquiring existing properties.
Simplifies obtaining tax credits for buildings previously in service, potentially encouraging the conversion of older properties into affordable housing.
Changes rules regarding the prior ownership period for a building to qualify for the tax credit.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4204
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2021-06-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Affordable HOUSE Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4204.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-28.

What are the main provisions?

Key points include:

  • Modifies how tax credits are calculated for low-income housing, especially when acquiring existing properties.
  • Simplifies obtaining tax credits for buildings previously in service, potentially encouraging the conversion of older properties into affordable housing.
  • Changes rules regarding the prior ownership period for a building to qualify for the tax credit.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Real Estate