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Tax Incentives for Affordable Rental Housing Near Military Bases

This Act introduces new tax incentives to encourage the construction and renovation of rental housing near large military installations. A key change is excluding the military Basic Allowance for Housing (BAH) from income calculations for low-income housing eligibility. This measure aims to increase the supply of affordable housing options for active duty service members and their families.
Key points
Military Basic Allowance for Housing (BAH) will not be counted as income when determining eligibility for low-income housing tax credit projects.
Housing projects located within 15 miles of major military bases will qualify for increased tax credits for developers.
These incentives aim to boost the availability of affordable rental units for military personnel and their families.
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Additional Information
Print number: 118_HR_9659
Sponsor: Rep. Moore, Blake D. [R-UT-1]
Process start date: 2024-09-18