Bill Summary

Revises provisions of the low-income housing tax credit and renames it as the affordable housing credit. The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2021 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments, and prohibits any refusal to rent to victims of domestic abuse. The bill further modifies the credit to increase state allocations of the credit; repeal the qualified census tract population cap; 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; eliminate the basis reduction for properties that receive certain energy-related tax benefits; and increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income). The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, acquisition credits, and foreclosures.

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Status

Bill Text

Date Bill Type Click here for Bill Details (PDF)
2021-06-17 https://www.congress.gov/117/bills/hr2573/BILLS-117hr2573ih.pdf

Votes

Date Action Vote Document

Amendments

no data available at this time.

Bill History

Date Action
2021-04-15Referred to the House Committee on Ways and Means.
2021-04-15Introduced in House

Sponsors

Name District
Suzan DelBeneHD-WA-1
Don BeyerHD-VA-8
Jackie WalorskiHD-IN-2
Brad WenstrupHD-OH-2
Jimmy PanettaHD-CA-20
Tom ReedHD-NY-23
Stephanie MurphyHD-FL-7
Earl BlumenauerHD-OR-3
Brian FitzpatrickHD-PA-8
Thomas SuozziHD-NY-3
Gwen MooreHD-WI-4
Darin LaHoodHD-IL-18
Bill PoseyHD-FL-8
Larry BucshonHD-IN-8
Daniel KildeeHD-MI-5
Dwight EvansHD-PA-2
Rodney DavisHD-IL-13
Judy ChuHD-CA-27
Troy BaldersonHD-OH-12
Richard HudsonHD-NC-8
Linda SanchezHD-CA-38
John KatkoHD-NY-24
Drew FergusonHD-GA-3
Ted BuddHD-NC-13
Guy ReschenthalerHD-PA-37
Doug LaMalfaHD-CA-1
Young KimHD-CA-39
Dean PhillipsHD-MN-3
Cindy AxneHD-IA-3
Salud CarbajalHD-CA-24
Eric SwalwellHD-CA-15
Julia BrownleyHD-CA-26
Mike LevinHD-CA-49
Carol MillerHD-WV-3
David McKinleyHD-WV-1
Michael DoyleHD-PA-14
Angela CraigHD-MN-2
Ayanna PressleyHD-MA-7
Jack BergmanHD-MI-1
Tim WalbergHD-MI-7
Tom EmmerHD-MN-6
Lee ZeldinHD-NY-1
David KustoffHD-TN-8
Claudia TenneyHD-NY-22
John RoseHD-TN-6
Don YoungHD-AK
Jim CostaHD-CA-16
Joseph NeguseHD-CO-2
Ed PerlmutterHD-CO-7
Veronica EscobarHD-TX-16
Ed CaseHD-HI-1
Marie NewmanHD-IL-3
Scott PetersHD-CA-52
Mark DeSaulnierHD-CA-11
John MoolenaarHD-MI-4
William TimmonsHD-SC-4
David RouzerHD-NC-7
David SchweikertHD-AZ-6
Don BaconHD-NE-2
Haley StevensHD-MI-11
Rashida TlaibHD-MI-13
Elaine LuriaHD-VA-2
John YarmuthHD-KY-3
Alan LowenthalHD-CA-47
Tom ColeHD-OK-4
Ernest GonzalesHD-TX-23
Lloyd SmuckerHD-PA-16
Roger WilliamsHD-TX-25
Adam KinzingerHD-IL-16
David ValadaoHD-CA-21
Lucy McBathHD-GA-6
Ritchie TorresHD-NY-15
Norma TorresHD-CA-35
Ro KhannaHD-CA-17
Brian HigginsHD-NY-26
Bill PascrellHD-NJ-9
Ted LieuHD-CA-33
Adriano EspaillatHD-NY-13
Rick LarsenHD-WA-2
Betty McCollumHD-MN-4
James LangevinHD-RI-2
Jason CrowHD-CO-6
Madeleine DeanHD-PA-4
Danny DavisHD-IL-7
Anthony GonzalezHD-OH-16
Ron EstesHD-KS-4
Terri SewellHD-AL-7
Jimmy GomezHD-CA-34
Adam SmithHD-WA-9
Suzanne BonamiciHD-OR-1
Eleanor NortonHD-DC
Gregory MeeksHD-NY-5
Janice SchakowskyHD-IL-9
James HimesHD-CT-4
Steve CohenHD-TN-9
Ruben GallegoHD-AZ-7
Brenda LawrenceHD-MI-14
Jake AuchinclossHD-MA-4
Katherine ClarkHD-MA-5
Jesus GarciaHD-IL-4
Robin KellyHD-IL-2
Jason SmithHD-MO-8
Mike KellyHD-PA-3
Fred UptonHD-MI-6
David JoyceHD-OH-14
Lance GoodenHD-TX-5
Derek KilmerHD-WA-6
John LarsonHD-CT-1
Ron KindHD-WI-3
Bradley SchneiderHD-IL-10
Pete StauberHD-MN-8
Pete SessionsHD-TX-17
Charles FleischmannHD-TN-3
Tracey MannHD-KS-1
Bryan SteilHD-WI-1
Jacob LaturnerHD-KS-2
Vern BuchananHD-FL-16
Byron DonaldsHD-FL-19
Alexander MooneyHD-WV-2
Colin AllredHD-TX-32
Lucille Roybal-AllardHD-CA-40
Carolyn MaloneyHD-NY-12
Lori TrahanHD-MA-3
Mark PocanHD-WI-2
Debbie DingellHD-MI-12
Barbara LeeHD-CA-13
Doris MatsuiHD-CA-6
Karen BassHD-CA-37
James McGovernHD-MA-2
Bill FosterHD-IL-11
Josh HarderHD-CA-10
Joyce BeattyHD-OH-3
Cathy McMorris RodgersHD-WA-5
Sharice DavidsHD-KS-3
Elizabeth FletcherHD-TX-7
Nikema WilliamsHD-GA-5
Pete AguilarHD-CA-31
Josh GottheimerHD-NJ-5
Joseph MorelleHD-NY-25
Kim SchrierHD-WA-8
Zoe LofgrenHD-CA-19
Jackie SpeierHD-CA-14
Mike QuigleyHD-IL-5
Mary Gay ScanlonHD-PA-5
Paul TonkoHD-NY-20