Housing Market Transparency Act

The Housing Market Transparency Act (HR 3216) requires the Department of Housing and Urban Development (HUD) to collect standardized data on low-income housing tax credit projects. This includes development costs, ownership details, habitability standards, and reasons for property disposition (like sales or foreclosures), which states must submit annually to HUD. HUD will then compile and publicly release this data yearly, excluding certain sensitive details, and periodically publish market reports on multifamily housing. The law directly affects HUD, state housing agencies, and owners of properties receiving low-income housing tax credits under Section 42 of the Internal Revenue Code.