H.R. 9862, also known as the "Combating the Housing Supply Shortage Act of 2024," aims to amend the Internal Revenue Code of 1986. The bill allows for the reallocation of unused volume cap for private activity bonds specifically for qualified residential rental projects. This...
Simple Explanation
H.R. 9862 is a plan to use extra money left over from certain state projects to help build more places for people to live. It makes sure states tell the government about these projects so they can share this money fairly.