H. R. 537
Introduced in House · February 18, 2025January 16, 2025
Ms. Sherrill introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To amend the Internal Revenue Code of 1986 to provide tax credits for the conversion of commercial buildings to residential units, to provide support and technical assistance to State and local housing agencies to identify and advance housing conversion opportunities for underutilized commercial buildings, and for other purposes.
Commercial-to-residential credit
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Incentivizing New Conversions to Residential Entities to Accelerate Supply and Expand Housing Affordability Act” or the “INCREASE Housing Affordability Act”.