Bill · H.R. 893· House(119-HR-893)
Working Families Housing Tax Credit Act
- Introduced
- 1/31/2025
- Last activity
- 1/31/2025 — Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, 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
- Patrick Ryan
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Working Families Housing Tax Credit Act," aims to amend the Internal Revenue Code of 1986 to establish a new tax credit for the production of quality housing. The credit is designed to benefit working families, including teachers, firefighters, police officers, and veterans. It provides a mechanism for tax credits based on the qualified basis of "qualified working families buildings," which can be new or existing through rehabilitation. The legislation also includes provisions for increasing credits in difficult development areas and high-cost regions. Additionally, the bill authorizes grants and loans for infrastructure projects related to these housing developments.
Yes· 3 of 15
Does this make housing cost less?+8
The bill establishes a new tax credit specifically to increase the production of quality, rent-restricted housing.
Would people in rural areas be better off under this?+6
The bill provides higher credit bases and infrastructure grants specifically for rural and exurban communities.
Does this invest in rural communities?+6
The bill provides enhanced tax credits and infrastructure grants specifically targeting rural and exurban areas.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Housing Production: The bill creates a tax credit intended to encourage the production of quality housing for hard-working Americans, such as teachers, firefighters, police officers, and veterans (Section 2).
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Support for Hard-to-Develop Areas: The legislation allows for an increase in the eligible basis for buildings located in "difficult development areas," which includes rural areas and Indian areas (Section 3(d)(4)(B)).
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Infrastructure Development: The bill authorizes $100,000,000 for grants and below-market-rate loans to local governments for infrastructure projects like electricity, water, sewers, and local access roads that connect to qualified housing projects (Section 4).
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Clean Energy Promotion: Within the infrastructure grants, the Secretary is directed to give priority to electricity projects that focus on clean energy (Section 4(b)(2)).
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Protection for Renters: The bill requires an "extended working families housing commitment," which gives qualifying tenants the right to enforce certain requirements and prohibitions in court (Section 3(h)(5)(B)(ii)).
Potential Negative Impacts for People
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Income Restrictions for Housing: To qualify as a "working families unit," the residents' income must fall within specific limits based on the area median gross income (Section 3(g)(1)(C)).
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Exclusion of Certain Groups: The credit does not apply to units occupied by students who are under age 24 and enrolled full-time in higher education, unless they meet specific federal program exceptions (Section 3(i)(1)(D)).
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Limitations on Small Buildings: Certain restrictions apply to buildings with 4 or fewer residential rental units, which may impact the eligibility of smaller, owner-occupied housing projects (Section 3(i)(1)(C)).
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 Rural Residents+6Good For Low Income Households+5Good For Middle Class Households+5Good For Native Americans+5Good For Veterans+5Good For Business Owners+4Good For Young Adults+3
- Environment Energy And Infrastructure
- Improves Rural Development+6Increases Renewable Energy Investment+5Improves Roads And Bridges+4
- Economy And Finance
- Reduces Middle Class Taxes+5Increases Job Creation+4Improves Economic Growth+3
- Social Issues And Justice
- Improves Affordable Housing+8Improves Poverty Reduction+4
- 1/31/2025
- Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, 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.
- Introduced in House
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.