United States · Bill · HR
H.R. 4205 (117th)
Save Affordable Housing Act of 2021
Introduced
28 June 2021
Last action
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Status
Referred to the House Committee on Ways and Means.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Save Affordable Housing Act of 2021 This bill revises the low-income housing tax credit to repeal the qualified contract option for a building that received its allocation of housing credit dollar amount before January 1, 2019, or received before that date, a determination from the bond issuer or housing credit agency of its eligibility to receive an allocation of a housing credit dollar amount. Under current law, properties eligible for the low-income housing tax credit are subject to a 30-year affordability period, during which the value of properties is set at a below market rate. The qualified contract option allows property owners, in some cases, to convert to market rate after 15 years.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 28 June 2021
Introduced in House (PDF)
Introduced in House · EN · 28 June 2021
Introduced in House
summary · EN · 28 June 2021
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/4205
- Open data entity: https://api.congress.gov/v3/bill/117/hr/4205