Affordable Housing Credit Improvement Act of 2025
The Affordable Housing Credit Improvement Act of 2025 updates the Low-Income Housing Tax Credit program to increase affordability and accessibility for low-income households. It raises state allocation amounts through revised per capita calculations, modifies income eligibility rules to better serve extremely low-income households, and adds protections for domestic violence victims in housing. The bill expands "difficult development areas" to include rural areas and Indian lands, and changes the program's name from "Low-Income Housing Credit" to "Affordable Housing Credit" to better reflect its purpose. These changes aim to make affordable housing more accessible while improving transparency and accountability in the program's implementation.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
President
Introduced Apr 29, 2025
Last action Apr 29, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 29, 2025
Committee
Read twice and referred to the Committee on Finance.
upper
Apr 29, 2025
Introduced
Introduced in Senate
upper
1 primary · 41 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Todd Young
RRepublican
Co
Amy Klobuchar
DDemocratic
Co
Ben Ray Luján
DDemocratic
Co
Bill Cassidy
RRepublican
Co
Catherine Cortez Masto
DDemocratic
Co
Charles E. Schumer
DDemocratic
Co
Cindy Hyde-Smith
RRepublican
Co
Dan Sullivan
RRepublican
Co
David McCormick
RRepublican
Co
Jacky Rosen
DDemocratic
Co
James C. Justice
RRepublican
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