H.R. 8900, known as the "Keep Housing Affordable Act of 2024," proposes changes to the Internal Revenue Code of 1986 to help support low-income housing. It allows taxpayers to extend the period during which they must comply with the requirements of the low-income housing credit, enabling them...
Simple Explanation
H.R. 8900 is a plan to help people find affordable homes by letting builders keep homes affordable for a longer time in exchange for special money benefits, like extra tax credits. It also allows some loans to help pay for these homes without breaking certain rules.