The bill aims to establish an affordable housing tax credit to incentivize investments in affordable housing projects. This tax credit would help increase the availability of affordable housing units by providing financial support to developers. The main provision is the creation of a tax credit program that encourages private sector involvement in developing affordable housing. The impact of this bill would likely lead to more affordable housing options for low and moderate-income individuals and families, addressing the pressing issue of housing affordability in the United States.
2023-02-15: Introduced
2023-02-16: Referred to committee: Economic and Workforce Development
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