End Low-Income Housing Tax Credit
Official: Low-Income Housing Tax Credit Elimination Act
IntroducedMay 21, 2025
Why This Matters
This bill ends the low-income housing tax credit, which helps developers build affordable housing. Without this credit, fewer new affordable housing options may be built in the future.
If you rely on affordable housing, this bill could lead to fewer new options available in your area.
Affects: Developers of affordable housing and families seeking low-income housing options.
What changes is this bill making?
1. This bill would eliminate the low-income housing tax credit. 2. No new buildings would qualify for this tax credit after the bill is passed. 3. The tax credit helps developers build affordable housing. 4. This change would affect future construction of low-income housing. 5. Current buildings would still receive the tax credit until the end of their eligibility.
Who is affected?
Developers of affordable housing and families seeking low-income housing options.