Sets standards for advertising deeply affordable housing

This bill establishes clear standards for advertising housing as "deeply affordable." It defines such housing as units affordable to households earning 60% or less of the local area median income (as calculated by HUD). Advertisers - including developers and landlords - may not falsely label non-compliant housing as "deeply affordable," and must clearly disclose the percentage or number of deeply affordable units when marketing buildings with both affordable and market-rate units. Government agencies must also follow these rules when promoting housing availability. The law does not change eligibility for tax credits or grants but requires all advertising under those programs to comply with these new standards.