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Redirecting Unused Tax-Exempt Bonds to Boost Affordable Housing Supply.

This Act aims to increase financing for qualified residential rental projects by amending the tax code. It establishes a system to pool unused national volume caps for private activity bonds (PABs) and reallocate them to states based on their demonstrated need for multifamily housing financing. This mechanism is designed to accelerate the construction of affordable rental units, potentially easing housing shortages for citizens.
Key points
Allows states to access a national pool of unused tax-exempt bond capacity specifically for rental housing projects.
Funds are redistributed based on a state's "housing need percentage," reflecting past use of housing bonds.
The primary goal is to increase the supply of affordable rental housing to combat current shortages.
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Expired
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Additional Information
Print number: 118_HR_9862
Sponsor: Rep. Crockett, Jasmine [D-TX-30]
Process start date: 2024-09-27
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Combating the Housing Supply Shortage Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9862.

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 2024-09-27.

What are the main provisions?

Key points include:

  • Allows states to access a national pool of unused tax-exempt bond capacity specifically for rental housing projects.
  • Funds are redistributed based on a state's "housing need percentage," reflecting past use of housing bonds.
  • The primary goal is to increase the supply of affordable rental housing to combat current shortages.
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. Crockett, Jasmine [D-TX-30].

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 2025-12-26.

CATEGORIES

Real Estate Taxes Public Investments