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Choice in Affordable Housing Act of 2023
3/6/2024, 8:15 AM
Summary of Bill HR 4606
Bill 118 hr 4606, also known as the Choice in Affordable Housing Act of 2023, aims to increase access to affordable housing options for low-income individuals and families. The bill proposes several key provisions to achieve this goal.
First, the bill calls for the expansion of the Low-Income Housing Tax Credit (LIHTC) program, which provides tax incentives to developers who build affordable housing units. By increasing the funding available through this program, the bill seeks to incentivize the construction of more affordable housing units across the country.
Second, the bill includes provisions to streamline the process for obtaining housing vouchers and subsidies, making it easier for low-income individuals and families to access affordable housing options. This includes simplifying the application process and increasing funding for housing assistance programs. Additionally, the bill includes measures to address housing discrimination and promote fair housing practices. This includes funding for fair housing education and enforcement efforts, as well as provisions to ensure that affordable housing options are available in all communities, regardless of income level. Overall, the Choice in Affordable Housing Act of 2023 aims to improve access to affordable housing for low-income individuals and families, while also promoting fair housing practices and addressing housing discrimination. By expanding the LIHTC program, streamlining housing assistance programs, and promoting fair housing practices, the bill seeks to create more opportunities for individuals and families to secure safe and affordable housing options.
First, the bill calls for the expansion of the Low-Income Housing Tax Credit (LIHTC) program, which provides tax incentives to developers who build affordable housing units. By increasing the funding available through this program, the bill seeks to incentivize the construction of more affordable housing units across the country.
Second, the bill includes provisions to streamline the process for obtaining housing vouchers and subsidies, making it easier for low-income individuals and families to access affordable housing options. This includes simplifying the application process and increasing funding for housing assistance programs. Additionally, the bill includes measures to address housing discrimination and promote fair housing practices. This includes funding for fair housing education and enforcement efforts, as well as provisions to ensure that affordable housing options are available in all communities, regardless of income level. Overall, the Choice in Affordable Housing Act of 2023 aims to improve access to affordable housing for low-income individuals and families, while also promoting fair housing practices and addressing housing discrimination. By expanding the LIHTC program, streamlining housing assistance programs, and promoting fair housing practices, the bill seeks to create more opportunities for individuals and families to secure safe and affordable housing options.
Read the Full Bill
Current Status of Bill HR 4606
Bill HR 4606 is currently in the status of Bill Introduced since July 13, 2023. Bill HR 4606 was introduced during Congress 118 and was introduced to the House on July 13, 2023. Bill HR 4606's most recent activity was Referred to the House Committee on Financial Services. as of July 13, 2023
Bipartisan Support of Bill HR 4606
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
2Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4606
Primary Policy Focus
Housing and Community DevelopmentPotential Impact Areas
- Congressional oversight
- Disability and paralysis
- Housing and community development funding
- Housing industry and standards
- Indian social and development programs
- Landlord and tenant
- Public housing
- Veterans' loans, housing, homeless programs
Alternate Title(s) of Bill HR 4606
Choice in Affordable Housing Act of 2023
Choice in Affordable Housing Act of 2023
To increase the number of landlords participating in the Housing Choice Voucher program.
Comments
Sponsors and Cosponsors of HR 4606
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