Bill · H.R. 2725· House(119-HR-2725)

Affordable Housing Credit Improvement Act of 2025

Age: 58 years

Illinois

Introduced: 4/8/2025
Last activity: 4/8/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Darin LaHood
Cosponsors: - 83 - 84

Taxation

Introduced
In Committee

What this bill would do

The Affordable Housing Credit Improvement Act of 2025 aims to reform the existing low-income housing credit by amending the Internal Revenue Code of 1986. This bill updates state allocation formulas and modifies eligibility rules for tenants, including students and victims of domestic abuse. It also introduces new rules for credit eligibility, covering casualty losses, ownership, and relocation costs. Additionally, the act provides specific assistance for Native American and rural areas. The bill modifies rules regarding exempt facility bonds and increases credit for specific project types. Finally, it updates the terminology from "low-income" to "affordable" housing throughout the code.

Yes· 3 of 15

Would households on low incomes be better off under this?+5
The bill increases support and protections for low-income housing residents.
Would Native Americans be better off under this?+5
The bill explicitly includes Indian areas as difficult development areas to assist Native American populations.
Does this make housing cost less?+5
The bill expands the affordable housing credit and updates rules to increase housing stability and availability.