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Tax Credits for Developing Housing for Working Families and Infrastructure Support

This law introduces a new tax credit to encourage developers to build and renovate rental housing specifically for working families, such as teachers and veterans. The goal is to increase the supply of quality, affordable housing options. It also authorizes grants for essential infrastructure (roads, utilities) in rural and exurban areas to support these housing developments.
Key points
A new tax credit is established for developers creating housing units for families earning up to 180% of the area median income (with a project average capped at 100%).
Rents in these units must be restricted, ensuring the housing remains affordable for an extended period (minimum 30 years).
Projects receiving the credit must adhere to prevailing wage requirements for construction workers.
Grants and loans are authorized for infrastructure projects (electricity, water, roads) in rural and exurban areas connected to these housing developments.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_893
Sponsor: Rep. Ryan, Patrick [D-NY-18]
Process start date: 2025-01-31
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Working Families Housing Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_893.

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 2025-01-31.

What are the main provisions?

Key points include:

  • A new tax credit is established for developers creating housing units for families earning up to 180% of the area median income (with a project average capped at 100%).
  • Rents in these units must be restricted, ensuring the housing remains affordable for an extended period (minimum 30 years).
  • Projects receiving the credit must adhere to prevailing wage requirements for construction workers.
  • Grants and loans are authorized for infrastructure projects (electricity, water, roads) in rural and exurban areas connected to these housing developments.
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. Ryan, Patrick [D-NY-18].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Taxes Real Estate Economy