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Affordable Housing Protection Act: Preventing Sale of Low-Income Homes

This act aims to protect affordable housing for low-income individuals. It changes rules for tax credit housing programs to prevent affordable units from being converted into more expensive, market-rate properties. This ensures more people have access to stable and affordable places to live.
Key points
Prevents the sale of housing built with tax credits intended for low-income individuals.
Strengthens the commitment to keep housing in affordable programs for longer periods.
Applies to projects that received financial support before January 1, 2023.
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Expired
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Additional Information
Print number: 118_HR_3719
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2023-05-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Save Affordable Housing Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3719.

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 2023-05-25.

What are the main provisions?

Key points include:

  • Prevents the sale of housing built with tax credits intended for low-income individuals.
  • Strengthens the commitment to keep housing in affordable programs for longer periods.
  • Applies to projects that received financial support before January 1, 2023.
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 2025-12-25.

CATEGORIES

Real Estate Taxes