Rep. Ryan Proposes New Tax Credit to Build Affordable Housing for Teachers and First Responders
This bill is currently in the early stages of the legislative process and has been sent to three different House committees for review. It is considered active, but no future hearings or votes have been scheduled yet.
While housing is a major concern for both parties, creating a large new tax credit is a slow and difficult process. Most bills introduced early in a session do not become law without massive support.
Units occupied solely by full-time students under age 24 generally cannot count as qualifying working families units. However, several exceptions apply: married students, students with disabilities, veteran students, student parents with qualifying children, and former foster youth are all exempt from this restriction. The net effect is neutral for the broader student population.
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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Document Type
Congressional Bill
Official Title
Working Families Housing Tax Credit Act
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