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No Housing Tax Credit for Companies with DEI Initiatives

This new bill aims to deny tax credits to companies that build low-income housing if they have diversity, equity, and inclusion (DEI) programs. This could impact the availability of affordable housing, as developers might lose incentives to build such properties.
Key points
Companies providing low-income housing will not receive tax credits if they implement DEI initiatives.
The changes apply to partnerships and S corporations, but not directly to individuals, unless they are partners in such entities.
The bill might reduce the supply of affordable housing if developers are discouraged from building without these tax incentives.
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Status: Expired
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Additional Information
Print number: 118_HR_10195
Sponsor: Rep. Good, Bob [R-VA-5]
Process start date: 2024-11-21