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Affordable Housing Credit Improvement Act of 2023

H.R. 3238 Rep. Darin LaHood (R-IL-16) In committee
Bill text PDF
  1. Introduced May 11
  2. Committee May 11
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 11, 2023Next: House vote
1266d ago May 11, 2023: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
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Summary

Affordable Housing Credit Improvement Act of 2023

Full summary12 paragraphs

This bill revises provisions of the low-income housing tax credit and renames it as the affordable housing tax credit.

The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2023 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 consideration of local approval and local government contribution requirements for housing projects;

- 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, tax-exempt bond financing, and foreclosures.

Library of Congress summary, May 11, 2023

Summary versions
  • Introduced in HouseMay 11, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.