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Affordable Housing Act: Tax Credit Changes to Protect Low-Income Homes.

This act aims to protect affordable housing for low-income individuals by modifying tax credit rules for developers. Specifically, buildings that received support before 2019 will be required to offer affordable housing for a longer period, potentially helping to stabilize rental costs for many families.
Key points
Developers who received tax credits for housing construction before 2019 will face stricter rules regarding the duration of affordable housing commitments.
The act seeks to ensure that publicly supported housing remains accessible to low-income individuals for an extended period.
These changes could impact the real estate market by potentially increasing the supply of long-term affordable housing units.
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Expired
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Additional Information
Print number: 117_HR_4205
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
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Save Affordable Housing Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4205.

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:

  • Developers who received tax credits for housing construction before 2019 will face stricter rules regarding the duration of affordable housing commitments.
  • The act seeks to ensure that publicly supported housing remains accessible to low-income individuals for an extended period.
  • These changes could impact the real estate market by potentially increasing the supply of long-term affordable housing units.
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 2026-01-02.

CATEGORIES

Taxes Real Estate