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Housing access for veterans: disability payments excluded from income limits.

This bill aims to ease access to affordable housing for disabled veterans. It mandates that disability compensation or pension payments received by veterans will not be counted as income when determining eligibility for the Low Income Housing Tax Credit (LIHTC) and related housing bonds. This change allows more veterans to meet the income requirements necessary to secure low-cost rental housing.
Key points
Veteran disability or pension payments will be disregarded when calculating income for affordable housing eligibility.
The change increases the likelihood that disabled veterans will qualify for low-income housing projects (LIHTC).
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Additional Information
To amend the Internal Revenue Code of 1986 to disregard veteran disability compensation or pension payments in determining income for purposes of the low income housing tax credit and qualified residential rental project bonds.
Print number: HR 9788
Sponsor: Rep. Sánchez, Linda T. [D-CA-38]
Process start date: 2024-09-24