Ends tax credit for new affordable housing projects
This bill would end a key tax credit used to build affordable housing. If passed, it would stop new low-income housing projects from getting this tax break, which could reduce the availability of new affordable homes.
Currently, developers can get a tax credit to help pay for building affordable housing. If this bill passes, new affordable housing projects would no longer qualify for this tax credit after the bill becomes law.
HR 3540 · 119th Congress · May 21, 2025 · AI Summary by gemini-2.5-flash · 9/10
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