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HR 418 United States House · 118th Congress

Affordable Housing Equity Act of 2023

Summary
Affordable Housing Equity Act of 2023 This bill requires allocations through 2033 of low-income housing credit amounts for buildings designated to serve certain low-income households (i.e., aggregate household income does not exceed the greater of 30% of area median gross income, or 100% of an amount equal to the federal poverty line). The bill also increases the rate of the low-income housing credit for projects designated to serve such low-income households.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill mandates government allocations and increases tax credit rates for low-income housing, directly funding essential housing programs through fiscal mechanisms.90% confidence ✓ HousingSupports HousingIncreases low-income housing credit allocations and rates to fund affordable housing for households below 30% AMGI or poverty line.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
President
Introduced Jan 20, 2023 Last action Jan 20, 2023
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 20, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
Jan 20, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jimmy Gomez
Jimmy Gomez
DDemocratic
CA
34