Housing (Housing Finance)

HB 2119 discontinues Kansas' state tax credit for affordable housing projects that also receive the federal 4% low-income housing tax credit, effective July 1, 2025. This bill ends new allocations of the credit after June 30, 2025, but allows existing allocations made before that date to continue through their full credit period. Developers of qualifying affordable housing projects that received credit allocations prior to July 1, 2025, can still use those credits until their allocated term ends. The law specifically targets projects already receiving federal 4% tax credits, not general affordable housing developments.