Boosts funding for states to build more affordable, accessible homes for people with disabilities and older adults.
This bill would boost the money states receive to build affordable housing. It would also require states to ensure a certain percentage of these new homes are designed for people with disabilities and older adults, helping more people live independently.
Today, states receive a per-person amount of $1.75 and a minimum of $2 million for low-income housing tax credits, without specific requirements for accessible units. This bill would increase the per-person amount to $4.25 and the minimum to $4.876 million for 2026. It would also require states to ensure at least 40 percent of new affordable units are designed for people with disabilities. It would also offer developers a larger tax credit for building accessible homes in walkable areas. The eligible basis for these homes would increase to 150%, making the tax credit 50% larger. This larger credit would only apply if the state housing credit agency determines it's needed for the project to be financially possible.
S 5285 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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