2025-2026 Regular SessionUS Congress Legislature

HB537: INCREASE Housing Affordability Act Incentivizing New Conversions to Residential Entities to Accelerate Supply and Expand Housing Affordability Act

Legislative Summary

To amend the Internal Revenue Code of 1986 to provide tax credits for the conversion of commercial buildings to residential units, to provide support and technical assistance to State and local housing agencies to identify and advance housing conversion opportunities for underutilized commercial buildings, and for other purposes.

Demographic Impact

Overall analysis of equity impact

85% Positive
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Bill History

1/16/2025
Introduced in House
House of Representatives
1/16/2025
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.
House of Representatives

Status Information

Current Status
Introduced(1/16/2025)
Chamber
House of Representatives
Committee
Ways And Means(House of Representatives)

Sponsors

Democrat: 2

Co-Sponsors (1)

Documents

Introduced
Bill Text2/18/2025252.8 KB