ASAP Housing Act
The ASAP Housing Act (HR 9856) amends tax code provisions to increase funding for affordable rental housing. It removes volume caps on tax-exempt bonds used to finance new or improved housing where 100% of units are affordable to low-income households, specifically for projects developed between 2025 and 2034. This change directly helps housing developers and low-income renters by making it easier to secure financing for qualifying projects. The bill coordinates with existing low-income housing tax credits but does not alter those programs themselves.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 25, 2024
Last action Sep 25, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 25, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
Sep 25, 2024
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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