H. R. 8500, known as the “Housing Market Transparency Act,” aims to improve transparency around properties receiving the low-income housing tax credit in the United States. It mandates that the Secretary of Housing and Urban Development (HUD) regularly collect detailed data...
Simple Explanation
The Housing Market Transparency Act is like a rule that asks a government helper to keep track of and share information about houses that get special money help for people with less money. This is to help everyone see and understand where and how this money is used for making homes better and more affordable.