Bill · S. 1515· Senate(119-S-1515)

Affordable Housing Credit Improvement Act of 2025

Age: 54 years

Indiana

Introduced: 4/29/2025
Last activity: 4/29/2025 — Read twice and referred to the Committee on Finance.
Sponsored by: Todd Young
Cosponsors: - 20 - 21

Taxation

Introduced
In Committee

What this bill would do

The Affordable Housing Credit Improvement Act of 2025 updates and expands the low-income housing credit. It increases the money states get for these projects and changes who can qualify to live in the housing. The bill provides extra support for veterans, victims of domestic abuse, and people in rural or Native American areas. It also updates rules for building owners regarding casualty losses and project costs. Finally, it renames the "low-income" housing credit to the "affordable" housing credit.

Yes· 3 of 37

Would households on low incomes be better off under this?+10
Directly increases funding and accessibility for low-income and extremely low-income housing.
Does this make housing cost less?+10
The core purpose of the bill is to expand and improve the affordable housing tax credit.
Would Native Americans be better off under this?+9
Explicitly includes Indian areas as difficult development areas and requires state agencies to consider tribal needs.