Bills · HR 3964
IN COMMITTEE· 119TH CONGRESS
House BillHR 3964Taxation
Affordable Housing Equity Act of 2025
INTRO JUN 12· LAST ACTION JUN 12
READING
2MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because finding affordable housing is a major challenge for many Americans, especially those with the lowest incomes. Currently, there's a significant shortage of rental units that are truly affordable for people earning extremely low wages or relying on fixed incomes. Without enough affordable options, these individuals and families often face homelessness, unstable living situations, or must spend a disproportionately high amount of their income on rent, leaving little for food, healthcare, or other necessities.
If this bill becomes law, it could spur the creation of more housing units specifically targeted at the most vulnerable populations by making it more financially appealing for developers to build them. If it doesn't pass, the existing incentives might not be enough to address the severe shortage of housing for extremely low-income individuals, and the struggle to find truly affordable homes will likely continue for these groups. It connects directly to the quality of life and economic stability for the poorest segments of society.
KEY PROVISIONS
5AI-extractedPROVISION 01
Increases the Low-Income Housing Tax Credit (LIHTC) for units designated to serve extremely low-income households by making their "eligible basis" 150% of the normal amount.
This provides a stronger financial incentive for developers to build or renovate housing specifically for the nation's poorest residents.
PROVISION 02
Defines "extremely low-income households" as those whose income does not exceed the greater of 30% of the area median gross income or 100% of the Federal poverty line.
This clearly targets the increased housing support to the most financially vulnerable populations.
PROVISION 03
Requires that at least 20% of the residential units in a project be designated for occupancy by extremely low-income households to qualify for the increased credit.
This ensures a meaningful portion of the project serves the intended population, rather than just a few units.
PROVISION 04
The housing credit agency must determine that the increased credit is necessary for the building to be financially feasible as part of a qualified low-income housing project.
This adds a layer of oversight to ensure the increased tax credit is used only when truly needed to make a project viable.
PROVISION 05
The changes apply to buildings receiving tax credit allocations after the date the bill becomes law, or for certain bond-financed projects, after December 31, 2025.
This sets the timeline for when the new incentives will become available to developers.
SPONSORSHIP
1 + 1
D· California
YRS IN OFFICE
9
BILLS LED
16
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJUN 12
Introduced in House
JUN 12
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 3964
Congress119th
StatusIn Committee
IntroducedJun 12, 2025
Last actionJun 12, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JUN 12, 2025
House BillHR 3964Taxation
Affordable Housing Equity Act of 2025
INTRODUCED JUN 12, 2025· LAST ACTION JUN 12, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
1
COMPLEXITY
Moderate
