Affordable Housing Bond Enhancement Act amends the Internal Revenue Code to expand housing investment with mortgage revenue bonds.

The Affordable Housing Bond Enhancement Act amends the Internal Revenue Code to expand housing investment with mortgage revenue bonds. Key provisions include increasing the financing limit for qualified home improvement loans, eliminating the refinancing limitation for mortgage revenue bonds, and adjusting the public notice requirement. The bill also modifies the calculation of credit for interest paid on certified indebtedness, extends the period to revoke the election to issue mortgage credit certificates, and eliminates the lender reporting requirement.

Affordable Housing Bond Enhancement Act amends the Internal Revenue Code to expand housing investment with mortgage revenue bonds.

The Affordable Housing Bond Enhancement Act amends the Internal Revenue Code to expand housing investment with mortgage revenue bonds. Key provisions include increasing the financing limit for qualified home improvement loans, eliminating the refinancing limitation for mortgage revenue bonds, and adjusting the public notice requirement. The bill also modifies the calculation of credit for interest paid on certified indebtedness, extends the period to revoke the election to issue mortgage credit certificates, and eliminates the lender reporting requirement.