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H.R.893

Working Families Housing Tax Credit Act

Introduced·1/31/25
Introduced in House Text

Provides a tax credit for working families housing development.

The Working Families Housing Tax Credit Act amends the Internal Revenue Code to establish a tax credit for working families housing development. It defines a "qualified working families building" and sets criteria for eligibility, including income limits and rent restrictions. The bill also outlines the applicable percentage for determining the credit amount and specifies rules for financing, dispositions, and credit periods.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Ways And Means Committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

Jan 31, 2025

House

Introduced in House

Jan 31, 2025

House

Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, 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.