H. R. 9856, also known as the "Accelerated Supply of Affordable Production Housing Act" or the "ASAP Housing Act," proposes changes to the Internal Revenue Code of 1986. It aims to create an exception to the existing volume cap for certain bonds, specifically those financing...
Simple Explanation
The ASAP Housing Act wants to make it easier for people to create places to live that don't cost too much for families with less money, by allowing special rules for getting money between 2025 and 2034. All homes made this way would need to be affordable for those who need it most.