Bill · H.R. 3216· House(119-HR-3216)
Housing Market Transparency Act
- Introduced
- 5/6/2025
- Last activity
- 5/6/2025 — Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- Steven Horsford
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
The Housing Market Transparency Act requires the Secretary of Housing and Urban Development (HUD) to collect and publicly share data on properties that receive low-income housing tax credits. This includes information on ownership, development costs, and habitability standards. State agencies must provide this data to the Secretary annually. The Secretary is also tasked with issuing public reports on these properties and the general multifamily housing development market.
Yes· 3 of 25
Does this make what the government does easier for the public to see?+8
Explicitly requires public disclosure of low-income housing data and ownership.
Would households on low incomes be better off under this?+7
Directly benefits low-income tenants through better transparency and habitability oversight.
Does this make housing cost less?+6
Enhances oversight of low-income housing tax credit properties and tracks affordability expiration dates.
The opposite· 3 of 7
Does this leave more decisions to the states?-2
Imposes new reporting requirements on state agencies administering housing credits.
Does this protect people from being watched or searched?-2
Increases public disclosure of ownership and development data for property owners.
Would high-income households be better off under this?-1
Increases transparency/disclosure requirements for wealthy property owners/developers.
Who it would affect, and how
Potential Positive Impacts for People
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Public Access to Information: The Secretary must make collected data on covered properties publicly available, which increases transparency regarding low-income housing (Section 2(b)(4)(A)).
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Habitability Oversight: The collection of data on the most recent habitability standards and inspection information can help track the quality of living conditions in these properties (Section 2(b)(1)(D) and (H)).
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Tracking Affordable Housing: The act requires the collection of expiration dates for affordable use provisions, providing clarity on how long properties must remain affordable (Section 2(b)(1)(F)).
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Support for State Agencies: The Secretary will provide technical assistance to States to help them build systems for compiling and submitting the required data (Section 2(b)(3)(B)).
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Reduced Red Tape: The Secretary must work with other Federal agencies to create procedures that minimize duplicative reporting for properties in multiple housing programs (Section 2(b)(3)(C)).
Potential Negative Impacts for People
- No negative impacts for individuals or groups of people are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+7Good For African Americans+4Good For Hispanic Americans+4Good For Native Americans+4Good For People With Disabilities+4Good For Retirees+4Good For Urban Residents+4Good For Asian Americans+2Good For Children+2Good For Immigrants+2Good For L G B T Q Community+2Good For Middle Aged+2Good For Rural Residents+2Good For Seniors+2Good For Students+2Good For Veterans+2Good For Women+2Good For Young Adults+2Good For Billionaires-1Good For Business Owners-1Good For High Income Households-1Good For High Net Worth Individuals-1Good For Ultra High Net Worth Individuals-1
- Social Issues And Justice
- Improves Affordable Housing+6Improves Poverty Reduction+3Improves Racial Equity+2Reduces Homelessness+2
- Governance And Ideology
- Improves Government Transparency+8Increases Federal Power+2Improves Privacy Rights-2Increase States Rights-2
- Economy And Finance
- Improves Consumer Protection+3
- 5/6/2025
- Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 1 Cosponsor added.
- Introduced in House
Emanuel CleaverDemocrat · Missouri