NAR: Federal Issues Brief: Affordable Housing Tax Credit

Federal Issues in Brief:
Affordable Housing Tax Credit

The Issue

Currently, tax incentives meant to expand the supply of affordable housing available to lower-income individuals do not exist.

What This Means for You

Increasing the supply of affordable and entry-level housing through tax credits to investors and developers will enable more families of modest means to become homeowners and to use the services REALTORS� provide.

Where it Stands Now

Congressmen Tom Reynolds (R-NY) and Ben Cardin have introduced H.R. 1549 along with a bipartisan majority of their fellow House Ways and Means Committee members. NAR and other coalition members seek additional cosponsorship.

A Senate companion bill will be introduced by Senators Santorum (R-PA), Smith (R-OR) and Kerry (D-MA).

Latest News

April 23, 2005
NAR Applauds Senate Introduction of Homeownership Tax Credit Bill

Read more >

April 13, 2005
NAR Hails Homeownership Tax Credit Bill

Read more >

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