H.R. 1661: Affordable Housing Credit Improvement Act of 2017

115th Congress · introduced 2017-03-21 · Taxation · Latest: ASSUMING FIRST SPONSORSHIP - Mr. Curbelo asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1661, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

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Follow this bill, step by step

Where it came from: introduced 2017-03-21 · official record
Who proposed it: Rep. Tiberi, Patrick J. [R-OH-12] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: ASSUMING FIRST SPONSORSHIP - Mr. Curbelo asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1661, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Affordable Housing Credit Improvement Act of 2017

Plain summary

Affordable Housing Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to rename the credit "the affordable housing credit" and make several modifications to the credit. The bill revises tenant eligibility requirements, with respect to: the average income test, income eligibility for rural projects, increased tenant income, student occupancy rules, and tenant voucher payments that are taken into account as rent. The bill revises various requirements to: establish a 4% minimum credit rate for certain projects, permit relocation costs to be taken into account as rehabilitation expenditures, repeal the qualified census tract population cap, require housing credit agencies to make certain determinations regarding community revitalization plans, prohibit local approval and contribution requirements, increase the credit for certain projects designated to serve extremely low-income households, increase the credit for certain bond-financed projects designated by state agencies, increase the population cap for difficult development areas, and eliminate the basis reduction for a property that receives the tax credit for investments in energy property if the affordable housing credit is allowed for the property. The bill also modifies requirements regarding the reconstruction or replacement period after a casualty loss, rights related to building purchases, the prohibition on claiming acquisition credits for properties placed in service in the previous 10 years, foreclosures, and projects that assist Native Americans.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Affordable Housing Credit Improvement Act of 2017

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Tiberi, Patrick J. [R-OH-12] · 182 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Richard E. Neal (D-MA), Mike Kelly (R-PA), Linda T. Sánchez (D-CA), Mike Thompson (D-CA), Jason Smith (R-MO), Danny K. Davis (D-IL), Gregory W. Meeks (D-NY), Julia Brownley (D-CA), Ted Budd (R-NC), John B. Larson (D-CT), Vicente Gonzalez (D-TX), Salud O. Carbajal (D-CA), Suzan K. DelBene (D-WA), Jacky Rosen (D-NV), Peter Welch (D-VT), Suzanne Bonamici (D-OR), Bradley Scott Schneider (D-IL), Katherine M. Clark (D-MA), Pramila Jayapal (D-WA), Vern Buchanan (R-FL), James A. Himes (D-CT), Ken Calvert (R-CA), Darren Soto (D-FL), Michael R. Turner (R-OH), Brian K. Fitzpatrick (R-PA), David Rouzer (R-NC) and 122 more.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr1661.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr1661 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115