Affordable Housing Credit Improvement Act of 2019
Latest action · Jun 4, 2019 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3218)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 4, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Affordable Housing Credit Improvement Act of 2019
This bill 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 2019 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
- establish a 4% minimum credit rate for certain housing projects,
- 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.
Cosponsors 40
Members who signed on, in the order they did. Signatures ran from Jun 4, 2019 to Jul 22, 2020; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Johnny Isakson | Original | Jun 4, 2019 |
| D-OR | Ron Wyden | Original | Jun 4, 2019 |
| R-IN | Todd Young | Original | Jun 4, 2019 |
| I-ME | Angus S. King Jr. | Jul 17, 2019 | |
| D-MD | Benjamin L. Cardin | Jul 17, 2019 | |
| R-CO | Cory Gardner | Jul 17, 2019 | |
| D-MI | Debbie Stabenow | Jul 17, 2019 | |
| D-NH | Margaret Wood Hassan | Jul 17, 2019 | |
| R-OH | Rob Portman | Jul 17, 2019 | |
| D-PA | Robert P. Casey Jr. | Jul 17, 2019 | |
| D-RI | Sheldon Whitehouse | Jul 17, 2019 | |
| R-WV | Shelley Moore Capito | Jul 17, 2019 | |
| R-ME | Susan M. Collins | Jul 17, 2019 | |
| R-AK | Dan Sullivan | Jul 30, 2019 | |
| R-AK | Lisa Murkowski | Jul 30, 2019 | |
| D-CO | Michael F. Bennet | Jul 30, 2019 | |
| D-DE | Thomas R. Carper | Jul 30, 2019 | |
| R-ND | Kevin Cramer | Oct 22, 2019 | |
| D-MN | Amy Klobuchar | Oct 29, 2019 | |
| D-MD | Chris Van Hollen | Oct 29, 2019 | |
| D-NH | Jeanne Shaheen | Oct 29, 2019 | |
| I-AZ | Kyrsten Sinema | Oct 29, 2019 | |
| D-VA | Tim Kaine | Oct 29, 2019 | |
| D-MN | Tina Smith | Oct 29, 2019 | |
| D-DE | Christopher A. Coons | Oct 30, 2019 | |
| R-SC | Lindsey Graham | Oct 30, 2019 | |
| D-NV | Catherine Cortez Masto | Oct 31, 2019 | |
| R-AZ | Martha McSally | Nov 7, 2019 | |
| I-VT | Bernard Sanders | Nov 13, 2019 | |
| D-MI | Gary C. Peters | Nov 13, 2019 | |
| D-NV | Jacky Rosen | Nov 13, 2019 | |
| D-NY | Kirsten E. Gillibrand | Nov 13, 2019 | |
| D-VT | Patrick J. Leahy | Nov 13, 2019 | |
| D-CT | Richard Blumenthal | Nov 13, 2019 | |
| D-WI | Tammy Baldwin | Nov 13, 2019 | |
| D-NJ | Cory A. Booker | Dec 11, 2019 | |
| D-HI | Mazie K. Hirono | Dec 11, 2019 | |
| D-MT | Jon Tester | Mar 2, 2020 | |
| D-CA | Dianne Feinstein | Jun 22, 2020 | |
| D-OH | Sherrod Brown | Jul 22, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jun 4, 2019 |
Actions 2
Everything that happened, newest first.
- Jun 4, 2019Introduced in Senate
- Jun 4, 2019Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3218)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S3218 | Maria Cantwell D-WA | Jun 4, 2019 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 116-125 | EXAMINING BIPARTISAN BILLS TO PROMOTE AFFORDABLE HOUSING ACCESS AND SAFETY89 pages | Banking, Housing, and Urban Affairs Committee | Nov 7, 2019 |
| Serial No. 116-11 | SOLVING THE CLIMATE CRISIS: CLEANER, STRONGER BUILDINGS135 pages | Select Committee on the Climate Crisis | Oct 17, 2019 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3077 | Affordable Housing Credit Improvement Act of 2019 | Identical bill | Jun 4, 2019 |
| HR 3478 | Affordable HOUSE Act | Related bill | Jun 25, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes.
- Short Title(s) as Introduced
- Affordable Housing Credit Improvement Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Assault and harassment offenses
- Business investment and capital
- Census and government statistics
- Crime victims
- Disability and paralysis
- Domestic violence and child abuse
- Energy efficiency and conservation
- Higher education
- Housing and community development funding
- Housing supply and affordability
- Income tax credits
- Income tax deductions
- Income tax exclusion
- Indian social and development programs
- Inflation and prices
- Landlord and tenant
- Lighting, heating, cooling
- Low- and moderate-income housing
- Marriage and family status
- Residential rehabilitation and home repair
- Rural conditions and development
- Securities
- Sex offenses
- State and local finance
- State and local government operations
- Taxation
- Veterans' loans, housing, homeless programs
Text 1
Each version as it was printed, newest first.
- Jun 4, 2019Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
