Housing (Housing Finance)

HR 3540, the Low-Income Housing Tax Credit Elimination Act, eliminates the federal Low-Income Housing Tax Credit (LIHTC) for new housing projects. It directly affects developers and investors who rely on this tax credit to fund affordable housing construction. The bill amends the tax code to end eligibility for the credit on buildings placed in service after the law's effective date. This means no new tax credits will be available for affordable housing developments starting in the next taxable year.

HR 1133, the Repeal Community Development Block Grants Act of 2025, would eliminate the federal Community Development Block Grant (CDBG) program by repealing key sections of the 1974 Housing and Community Development Act. This bill directly affects local governments and community organizations that currently receive CDBG funds for projects like affordable housing, infrastructure improvements, and economic development. The repeal would end all CDBG funding starting October 1, 2025, removing this specific federal funding stream. The bill does not create new programs or alter other housing assistance; it solely targets the repeal of the existing CDBG authority.