Affordable Housing Bond Enhancement Act

The Affordable Housing Bond Enhancement Act modifies key provisions related to affordable housing bonds and mortgage credit certificates. It increases the financing limit for qualified home improvement loans from $15,000 to $75,000 (with annual inflation adjustments), eliminates restrictions on refinancing certain mortgages for eligible homeowners, and extends the period for mortgage credit certificates to remain in effect. The bill simplifies reporting requirements by removing lender reporting obligations and shortening public notice periods from 90 to 30 days. These changes primarily affect state and local housing authorities that issue affordable housing bonds and homeowners who qualify for mortgage credit certificates. The legislation aims to make affordable housing financing more accessible and efficient through concrete policy modifications.