More Affordable Housing Near Transit and in Hawaii/Alaska.
This act aims to increase the availability of affordable housing by incentivizing its construction near public transportation hubs and in states like Hawaii and Alaska. This could mean more affordable homes for low-income individuals, especially in well-connected areas, potentially easing commutes to work and school.
Key points
Increased tax credits for developers building low-income housing within half a mile of rail, bus, or water transit stations, provided the area is zoned for high-density.
Enhanced tax credits for building or renovating low-income housing in Hawaii, Alaska, and U.S. possessions to offset higher construction costs in these regions.
Mandates a study to help adjust low-income housing tax credit allocations based on geographic cost-of-living differences and transit accessibility.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.