H.R. 418 · 118th Congress
Affordable Housing Equity Act of 2023
- Stage
- In committee
- Sponsor
- Jimmy Gomez
- Introduced
- 2023-01-20
- Latest action
- 2023-01-20 · Introduced in House
Summary
Affordable Housing Equity Act of 2023
This bill requires allocations through 2033 of low-income housing credit amounts for buildings designated to serve certain low-income households (i.e., aggregate household income does not exceed the greater of 30% of area median gross income, or 100% of an amount equal to the federal poverty line). The bill also increases the rate of the low-income housing credit for projects designated to serve such low-income households.