What is the official ID of this bill?

The official print number for this legislation is HR 9862.

When did the legislative process begin?

The process officially started on 2024-09-27.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/hr9862/BILLS-118hr9862ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

Who is the primary sponsor?

The primary sponsor is Rep. Crockett, Jasmine [D-TX-30].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Analysis and Potential Impact of HR 9862

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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

Q: 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.

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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Status:

Expired

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Additional Information

Combating the Housing Supply Shortage Act of 2024

Print number: HR 9862

Sponsor: Rep. Crockett, Jasmine [D-TX-30]

Process start date: 2024-09-27

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-09-2025

Source data: api.congress.gov

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

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