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Easier Home Financing and Improvements: Changes to Mortgage Bonds and Tax Credits.

This act makes changes to facilitate access to financing for buying and improving homes through mortgage revenue bonds and tax credits. It includes easier refinancing, higher limits for home improvements, and more favorable rules for tax credits and recapture tax.
Key points
Easier refinancing of mortgages for eligible individuals.
Increase in the financing limit for home improvements from $15,000 to $50,000, with inflation adjustment.
Reduction in the period during which recapture tax may apply when selling a home purchased with these bonds, from 9 years to 5 years.
Changes to how mortgage credit certificates (MCCs) are calculated and used, including a longer period to utilize them.
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Expired
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Additional Information
Print number: 117_S_4445
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2022-06-22
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Affordable Housing Bond Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4445.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-06-22.

What are the main provisions?

Key points include:

  • Easier refinancing of mortgages for eligible individuals.
  • Increase in the financing limit for home improvements from $15,000 to $50,000, with inflation adjustment.
  • Reduction in the period during which recapture tax may apply when selling a home purchased with these bonds, from 9 years to 5 years.
  • Changes to how mortgage credit certificates (MCCs) are calculated and used, including a longer period to utilize them.
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 Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Real Estate Taxes