arrow_back Back to App

Increased Tax Credits for Energy Efficiency in Affordable Housing.

This Act increases tax credits for owners and developers who rehabilitate existing low-income housing buildings to achieve high energy efficiency standards. This means more affordable housing units may undergo energy-saving renovations, potentially lowering utility bills for tenants and improving living conditions. The changes aim to incentivize investment in green and energy-efficient solutions within the low-income housing sector.
Key points
The Low-Income Housing Credit for rehabilitation expenditures is increased from 100% to 130% for buildings achieving enhanced energy performance.
Enhanced energy performance requires either meeting advanced building standards or reducing the building's site energy usage intensity by 50% or more.
Buildings in high-cost areas that meet energy efficiency requirements qualify for an even higher credit of 160% of rehabilitation expenditures.
These amendments apply to projects allocated housing credit dollar amounts after December 31, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2638
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2025-07-31
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Energy Efficiency for Affordable Housing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2638.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-31.

What are the main provisions?

Key points include:

  • The Low-Income Housing Credit for rehabilitation expenditures is increased from 100% to 130% for buildings achieving enhanced energy performance.
  • Enhanced energy performance requires either meeting advanced building standards or reducing the building's site energy usage intensity by 50% or more.
  • Buildings in high-cost areas that meet energy efficiency requirements qualify for an even higher credit of 160% of rehabilitation expenditures.
  • These amendments apply to projects allocated housing credit dollar amounts 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 Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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 Environment