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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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Additional Information
Save Affordable Housing Act of 2023
Print number: HR 3719
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2023-05-25