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More Housing for Very Low-Income Households Through Tax Credits

This new act aims to increase the availability of housing for extremely low-income individuals. By amending tax laws, developers building such housing will receive larger tax credits, encouraging the creation of more affordable units. This could mean more housing options for the most vulnerable families.
Key points
Increases tax credits for housing projects designated for extremely low-income households.
Aims to incentivize the construction of more affordable housing for the poorest citizens.
Changes apply to projects receiving allocations after the act's enactment date or after December 31, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3964
Sponsor: Rep. Gomez, Jimmy [D-CA-34]
Process start date: 2025-06-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Affordable Housing Equity Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3964.

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 2025-06-12.

What are the main provisions?

Key points include:

  • Increases tax credits for housing projects designated for extremely low-income households.
  • Aims to incentivize the construction of more affordable housing for the poorest citizens.
  • Changes apply to projects receiving allocations after the act's enactment date or after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

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. Gomez, Jimmy [D-CA-34].

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 2025-12-22.

CATEGORIES

Real Estate Taxes Benefits