What is the official ID of this bill?

The official print number for this legislation is S 3436.

When did the legislative process begin?

The process officially started on 2023-12-07.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/s3436/BILLS-118s3436is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

Who is the primary sponsor?

The primary sponsor is Sen. Wyden, Ron [D-OR].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 3436

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.

Tax Credit for Developing Affordable Rental Housing for Middle-Income Workers

Q: What are the main provisions?

Key points include: Creates a "Middle-Income Housing Credit" to boost the supply of rental units affordable to individuals earning up to 100% of AMI. Rents in qualifying units must be restricted, generally capped at 30% of the imputed income limit, for an extended use period (ending 15 years after the close of the credit period). State agencies will allocate the credit amount based on qualified allocation plans and project feasibility.

This Act establishes a new tax credit to incentivize developers to build or renovate rental housing specifically for middle-income individuals (earning up to 100% of the area median income). The goal is to address housing needs for individuals who do not qualify for low-income assistance. These units will feature long-term rent restrictions.

Key points

Creates a "Middle-Income Housing Credit" to boost the supply of rental units affordable to individuals earning up to 100% of AMI.

Rents in qualifying units must be restricted, generally capped at 30% of the imputed income limit, for an extended use period (ending 15 years after the close of the credit period).

State agencies will allocate the credit amount based on qualified allocation plans and project feasibility.

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Additional Information

Workforce Housing Tax Credit Act

Print number: S 3436

Sponsor: Sen. Wyden, Ron [D-OR]

Process start date: 2023-12-07

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-3-pro-preview

Source data: api.congress.gov

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Tax Credit for Developing Affordable Rental Housing for Middle-Income Workers

Key Questions about Tax Credit for Developing Affordable Rental Housing for Middle-Income Workers