Requires many affordable housing projects to stay affordable for longer.
This bill would make sure that many low-income housing projects stay affordable for their full intended period. It would remove a rule that currently lets some owners end their affordability commitments early. This means tenants in these homes would likely have more stable, affordable housing for longer.
Today, owners of certain affordable housing projects can use a "qualified contract" option to potentially end their affordability commitments early. After this bill, for projects funded or approved before January 1, 2025, this option would be removed, requiring them to stay affordable for their full agreed-upon term. Also, housing agencies would be explicitly required to factor in rent restrictions when valuing these properties for sale.
HR 4572 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.