Search Results for keywords:"housing development"

Search Results: keywords:"housing development"

H. R. 9856 — To amend the Internal Revenue Code of 1986 to establish an exception to the volume cap for certain bonds to finance the preservation, improvement, or development of affordable rental housing buildings.
September 25, 2024
Status:Introduced in House
Congress:118
Words:389
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.
H. R. 9380 — To amend the Internal Revenue Code of 1986 to provide a credit for working families housing development, and for other purposes.
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August 16, 2024
Status:Introduced in House
Congress:118
Words:16,266
The bill, H.R. 9380, known as the "Working Families Housing Tax Credit Act," aims to amend the Internal Revenue Code to provide tax credits for developing housing for working families in the United States. It introduces a new section, 42A, which details the criteria and...
Simple Explanation
The bill helps people build homes for workers like teachers and firefighters by giving money support and tax breaks, so they have nice places to live. It also makes sure these homes use clean energy and live in areas with good transportation.

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