Search Results for keywords:"low-income housing assistance"

Search Results: keywords:"low-income housing assistance"

H. R. 10028 — To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors, and to prohibit Federal mortgage assistance relating to certain large investors.
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October 22, 2024
Status:Introduced in House
Congress:118
Words:1,798
The bill, titled the “Stop Wall Street Landlords Act of 2024,” seeks to amend the Internal Revenue Code of 1986 by preventing large investors from deducting certain expenses related to owning single-family homes. It introduces an excise tax on the sale or transfer of these homes by large...
Simple Explanation
The "Stop Wall Street Landlords Act of 2024" wants to stop really rich people from getting money back on taxes when they buy lots of houses, and instead, use the money to help people who need homes. It also says that big companies shouldn't get special help from the government when they buy house loans.
H. R. 7972 — To increase the supply of, and lower rents for, affordable housing and to assess calculations of area median income for purposes of Federal low-income housing assistance, and for other purposes.
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April 12, 2024
Status:Introduced in House
Congress:118
Words:1,390
H.R. 7972, known as the "Affordable Housing and Area Median Income Fairness Act of 2024," aims to increase the availability of affordable housing and reduce rent costs. The bill proposes the allocation of $5 billion annually from 2025 to 2034 for programs like the Home...
Simple Explanation
The bill wants to make more homes cheaper to rent by giving a lot of money every year to places where it's really expensive to live. It also plans to explore new ways to decide how much money people need to afford homes, so it's fairer in big cities.

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