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Opportunity Starts At Home Act

2/8/2022, 11:16 PM

Congressional Summary of HR 7351

Opportunity Starts At Home Act

This bill allows a new tax credit for contributions to a reserve fund for low-income housing supportive services. These services include health services, job training, financial counseling, and resident engagement services and are provided at no cost to tenants of a qualified low-income building.

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Current Status of Bill HR 7351

Bill HR 7351 is currently in the status of Bill Introduced since June 25, 2020. Bill HR 7351 was introduced during Congress 116 and was introduced to the House on June 25, 2020.  Bill HR 7351's most recent activity was Referred to the House Committee on Ways and Means. as of June 25, 2020

Bipartisan Support of Bill HR 7351

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
4
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7351

Primary Policy Focus

Taxation

Potential Impact Areas

- Housing industry and standards
- Income tax credits
- Income tax exclusion
- Landlord and tenant
- Low- and moderate-income housing

Alternate Title(s) of Bill HR 7351

Opportunity Starts At Home Act
To amend the Internal Revenue Code of 1986 to provide a credit for low-income housing supportive services.
Opportunity Starts At Home Act

Comments

Sponsors and Cosponsors of HR 7351

Jimmy Gomez
Jimmy Gomez
CaliforniaDemocrat
Mike Thompson
Mike Thompson
CaliforniaDemocrat
Linda T. Sánchez
Linda T. Sánchez
CaliforniaDemocrat
Jimmy Panetta
Jimmy Panetta
CaliforniaDemocrat
Judy Chu
Judy Chu
CaliforniaDemocrat

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