Bill Summary

Affordable Housing Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to rename the credit “the affordable housing credit” and make several modifications to the credit. The bill revises tenant eligibility requirements, with respect to: the average income test, income eligibility for rural projects, increased tenant income, student occupancy rules, and tenant voucher payments that are taken into account as rent. The bill revises various requirements to: establish a 4% minimum credit rate for certain projects, permit relocation costs to be taken into account as rehabilitation expenditures, repeal the qualified census tract population cap, require housing credit agencies to make certain determinations regarding community revitalization plans, prohibit local approval and contribution requirements, increase the credit for certain projects designated to serve extremely low-income households, increase the credit for certain bond-financed projects designated by state agencies, increase the population cap for difficult development areas, and eliminate the basis reduction for a property that receives the tax credit for investments in energy property if the affordable housing credit is allowed for the property. The bill also modifies requirements regarding the reconstruction or replacement period after a casualty loss, rights related to building purchases, the prohibition on claiming acquisition credits for properties placed in service in the previous 10 years, foreclosures, and projects that assist Native Americans.

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Status

Bill Text

Date Bill Type Click here for Bill Details (PDF)
2017-03-24 https://www.congress.gov/115/bills/hr1661/BILLS-115hr1661ih.pdf

Votes

Date Action Vote Document

Amendments

no data available at this time.

Bill History

Date Action
2018-01-16ASSUMING FIRST SPONSORSHIP - Mr. Curbelo asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1661, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
2017-03-21Referred to the House Committee on Ways and Means.
2017-03-21Introduced in House

Sponsors

Name District
Patrick TiberiHD-OH-12
Richard NealHD-MA-1
Patrick MeehanHD-PA-7
Earl BlumenauerHD-OR-3
Mike KellyHD-PA-3
Linda SanchezHD-CA-38
Erik PaulsenHD-MN-3
Joseph CrowleyHD-NY-14
David ReichertHD-WA-8
Mike ThompsonHD-CA-5
Jason SmithHD-MO-8
Danny DavisHD-IL-7
Carlos CurbeloHD-FL-26
Gregory MeeksHD-NY-5
John FasoHD-NY-19
John KatkoHD-NY-24
Bill PascrellHD-NJ-9
James RenacciHD-OH-16
Don YoungHD-AK
Kenny MarchantHD-TX-24
Julia BrownleyHD-CA-26
Jackie WalorskiHD-IN-2
Ted BuddHD-NC-13
John LarsonHD-CT-1
Luke MesserHD-IN-6
Vicente GonzalezHD-TX-15
George HoldingHD-NC-13
Jose SerranoHD-NY-15
Salud CarbajalHD-CA-24
Jared PolisHD-CO-2
Suzan DelBeneHD-WA-1
Walter JonesHD-NC-3
David CicillineHD-RI-1
Richard NolanHD-MN-8
Jacky RosenSD-NV
Kristi NoemHD-SD
Peter WelchHD-VT
Suzanne BonamiciHD-OR-1
Anna EshooHD-CA-18
Bradley SchneiderHD-IL-10
Charlie CristHD-FL-13
Lynn JenkinsHD-KS-2
Krysten SinemaSD-AZ
Ann KusterHD-NH-2
Steve StiversHD-OH-15
Todd RokitaHD-IN-4
Brian HigginsHD-NY-26
Katherine ClarkHD-MA-5
Pramila JayapalHD-WA-7
Lou BarlettaHD-PA-11
Vern BuchananHD-FL-16
James HimesHD-CT-4
Derek KilmerHD-WA-6
Ken CalvertHD-CA-42
Darren SotoHD-FL-9
Michael TurnerHD-OH-10
Ed PerlmutterHD-CO-7
Brian FitzpatrickHD-PA-8
Bill JohnsonHD-OH-6
David RouzerHD-NC-7
David PriceHD-NC-4
Timothy WalzHD-MN-1
Robin KellyHD-IL-2
Joyce BeattyHD-OH-3
Susan BrooksHD-IN-5
Matthew CartwrightHD-PA-17
Keith EllisonHD-MN-5
Joseph KennedyHD-MA-4
Rosa DeLauroHD-CT-3
Alcee HastingsHD-FL-20
Larry BucshonHD-IN-8
Darrell IssaHD-CA-50
Chellie PingreeHD-ME-1
Roger MarshallSD-KS
Robert BradyHD-PA-1
Scott TaylorHD-VA-2
Stephen KnightHD-CA-25
Grace NapolitanoHD-CA-32
Lucille Roybal-AllardHD-CA-40
Bob GibbsHD-OH-7
Judy ChuHD-CA-27
John ShimkusHD-IL-15
Doug LaMalfaHD-CA-1
Eliot EngelHD-NY-16
David YoungHD-IA-3
Yvette ClarkeHD-NY-9
Colleen HanabusaHD-HI-1
Edward RoyceHD-CA-39
Bruce PoliquinHD-ME-2
Alan LowenthalHD-CA-47
Kevin YoderHD-KS-3
Ron EstesHD-KS-4
John GaramendiHD-CA-3
Ron KindHD-WI-3
Paul CookHD-CA-8
Mark DeSaulnierHD-CA-11
Tim WalbergHD-MI-7
Charles DentHD-PA-15
Claudia TenneyHD-NY-22
Lee ZeldinHD-NY-1
Steven PalazzoHD-MS-4
Carol Shea-PorterHD-NH-1
Elise StefanikHD-NY-21
Vicky HartzlerHD-MO-4
Daniel DonovanHD-NY-11
Ryan CostelloHD-PA-6
Luis CorreaHD-CA-46
Patrick McHenryHD-NC-10
Beto O'RourkeHD-TX-16
James ComerHD-KY-1
Brett GuthrieHD-KY-2
Jeff FortenberryHD-NE-1
David JoyceHD-OH-14
Mia LoveHD-UT-4
Stephanie MurphyHD-FL-7
Cheri BustosHD-IL-17
Peter KingHD-NY-2
Jimmy GomezHD-CA-34
Elizabeth EstyHD-CT-5
Janice SchakowskyHD-IL-9
David ValadaoHD-CA-21
Peter ViscloskyHD-IN-1
Mark MeadowsHD-NC-11
Peter RoskamHD-IL-6
Rodney DavisHD-IL-13
Darin LaHoodHD-IL-18
Dennis RossHD-FL-15
Rick LarsenHD-WA-2
Dina TitusHD-NV-1
Gene GreenHD-TX-29
Mike CoffmanHD-CO-6
Tom ReedHD-NY-23
Dwight EvansHD-PA-2
Tim RyanHD-OH-13
John YarmuthHD-KY-3
Sam GravesHD-MO-6
James LangevinHD-RI-2
Michael CapuanoHD-MA-7
Richard HudsonHD-NC-8
Sean MaloneyHD-NY-18
Joe CourtneyHD-CT-2
Tom EmmerHD-MN-6
James McGovernHD-MA-2
Alma AdamsHD-NC-12
Luis GutierrezHD-IL-4
Fred UptonHD-MI-6
Jared HuffmanHD-CA-2
Scott PetersHD-CA-52
Mike QuigleyHD-IL-5
Seth MoultonHD-MA-6
Mark WalkerHD-NC-6
Donald NorcrossHD-NJ-1
G. ButterfieldHD-NC-1
Will HurdHD-TX-23
Robert PittengerHD-NC-9
Garland BarrHD-KY-6
Grace MengHD-NY-6
Marcy KapturHD-OH-9
Niki TsongasHD-MA-3
Daniel KildeeHD-MI-5
John CurtisHD-UT-3
James ClyburnHD-SC-6
David RoeHD-TN-1
John DuncanHD-TN-2
Albio SiresHD-NJ-8
David LoebsackHD-IA-2
Raja KrishnamoorthiHD-IL-8
Marcia FudgeHD-OH-11
Val DemingsHD-FL-10
Stephen LynchHD-MA-8
Brad WenstrupHD-OH-2
Brenda LawrenceHD-MI-14
Thomas SuozziHD-NY-3
Robert LattaHD-OH-5
Norma TorresHD-CA-35
Keith RothfusHD-PA-12
Christopher SmithHD-NJ-4
Bonnie ColemanHD-NJ-12
John DelaneyHD-MD-6
Randy HultgrenHD-IL-14
Troy BaldersonHD-OH-12
Tom O'HalleranHD-AZ-1
Barbara LeeHD-CA-13