Affordable HOUSE Act of 2021

Hozzl · 2022-12-30T15:47:38Z

Explore the details of House Bill 4204 Affordable HOUSE Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2022, 3:47 PM

Summary of Bill HR 4204

Bill 117 HR 4204, also known as the Affordable HOUSE Act of 2021, aims to address the issue of affordable housing in the United States. The bill focuses on providing assistance to low-income individuals and families in accessing safe and affordable housing options.

One key aspect of the bill is the establishment of a grant program that would provide funding to states and local governments to develop and implement affordable housing initiatives. These initiatives could include the construction of new affordable housing units, rehabilitation of existing housing stock, and rental assistance programs.

Additionally, the Affordable HOUSE Act of 2021 includes provisions to increase funding for the Housing Choice Voucher program, which helps low-income individuals and families afford rental housing in the private market. The bill also seeks to expand access to affordable housing for individuals experiencing homelessness, including veterans and survivors of domestic violence. Overall, the Affordable HOUSE Act of 2021 aims to address the growing crisis of affordable housing in the United States by providing funding and resources to support low-income individuals and families in accessing safe and affordable housing options.

Congressional Summary of HR 4204

Affordable Housing Opportunities for Utilization, Sustainment, and Expansion Act of 2021 or the Affordable HOUSE Act of 2021

This bill modifies the low-income housing tax credit basis limitation rules applicable to the acquisition of buildings in service within the previous 10 years.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 4204

Bill HR 4204 is currently in the status of Bill Introduced since June 28, 2021. Bill HR 4204 was introduced during Congress 117 and was introduced to the House on June 28, 2021. Bill HR 4204's most recent activity was Referred to the House Committee on Ways and Means. as of June 28, 2021

Bipartisan Support of Bill HR 4204

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4204

Primary Policy Focus

Taxation

Potential Impact Areas

- Housing and community development funding

- Housing finance and home ownership

- Housing supply and affordability

- Income tax credits

- Low- and moderate-income housing

- Residential rehabilitation and home repair

Alternate Title(s) of Bill HR 4204

Affordable HOUSE Act of 2021

To amend the Internal Revenue Code of 1986 to modify the low-income housing credit basis limitation rules in the case of the acquisition of an existing building.

Affordable HOUSE Act of 2021

Affordable Housing Opportunities for Utilization, Sustainment, and Expansion Act of 2021