Provides an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds for qualified residential rental projects.

The Federal Investment Exception for Essential Rehabilitation Act, also known as the FIXER Act, amends the Internal Revenue Code to allow an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds used for qualified residential rental projects. This exception applies to bonds issued after the enactment of this Act, provided that 95 percent or more of the net proceeds are used for preserving, improving, or replacing such projects. The election is irrevocable once made.

Provides an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds for qualified residential rental projects.

The Federal Investment Exception for Essential Rehabilitation Act, also known as the FIXER Act, amends the Internal Revenue Code to allow an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds used for qualified residential rental projects. This exception applies to bonds issued after the enactment of this Act, provided that 95 percent or more of the net proceeds are used for preserving, improving, or replacing such projects. The election is irrevocable once made.