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Housing, Opportunity, Mobility, and Equity Act of 2022

This act aims to increase housing affordability by encouraging local governments to adopt more flexible zoning policies. It also introduces a tax credit for individuals whose rent costs exceed 30% of their income and a savings program allowing a portion of tax refunds to be deferred.
Key points
Local governments receiving federal funds must develop strategies to support inclusive zoning policies that increase affordable housing supply, such as allowing higher-density housing or eliminating parking requirements.
Individuals whose rent exceeds 30% of their adjusted gross income may be eligible for a refundable tax credit, with options for monthly advance payments.
A new "Refund to Rainy Day Savings Program" allows taxpayers to defer up to 20% of their tax refund into an interest-bearing savings fund, accessible after 180 days or earlier for emergencies.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5223
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2022-12-08
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Housing, Opportunity, Mobility, and Equity Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5223.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-08.

What are the main provisions?

Key points include:

  • Local governments receiving federal funds must develop strategies to support inclusive zoning policies that increase affordable housing supply, such as allowing higher-density housing or eliminating parking requirements.
  • Individuals whose rent exceeds 30% of their adjusted gross income may be eligible for a refundable tax credit, with options for monthly advance payments.
  • A new "Refund to Rainy Day Savings Program" allows taxpayers to defer up to 20% of their tax refund into an interest-bearing savings fund, accessible after 180 days or earlier for emergencies.
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. Booker, Cory A. [D-NJ].

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

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