Ensuring Accountability in Agency Rulemaking Act

House Bill

H.R. 418

119th Congress

Ensuring Accountability in Agency Rulemaking Act

In Committee

Introduced:Jun 23, 2025

Primary Sponsor

Jimmy Gomez

D - CA

Cosponsors

0

Quick Stats

Policy Area

Taxation

Summary

The Affordable Housing Equity Act of 2023 aims to increase the availability of affordable housing for low-income households. It requires a portion of low-income housing tax credits to be allocated to buildings that serve households with incomes below 30% of the local median or 100% of the federal poverty line. The bill also increases the rate of the low-income housing credit for these targeted projects.

Latest Action

Referred to the House Committee on Ways and Means.

Introduced6/23/2025

StatusReferred to the House Committee on the Judiciary.

ChamberHouse

Data from Congress.gov

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Vote Prediction

Ensuring Accountability in Agency Rulemaking Act

The Affordable Housing Equity Act of 2023 aims to increase the availability of affordable housing for low-income households. It requires a portion of low-income housing tax credits to be allocated to buildings that serve households with incomes below 30% of th

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The Affordable Housing Equity Act of 2023 aims to increase the availability of affordable housing for low-income households. It requires a portion of low-income housing tax credits to be allocated to buildings that serve households with incomes below 30% of the local median or 100% of the federal poverty line. The bill also increases the rate of the low-income housing credit for these targeted projects.

Bill Number: 418
Introduced: 6/23/2025
Status: Referred to the House Committee on the Judiciary.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Ensuring Accountability in Agency Rulemaking Act
Bill Number: 418
Sponsor: No sponsor
Status: Referred to the House Committee on the Judiciary.
Introduced: 6/23/2025
Summary: The Affordable Housing Equity Act of 2023 aims to increase the availability of affordable housing for low-income households. It requires a portion of low-income housing tax credits to be allocated to buildings that serve households with incomes below 30% of the local median or 100% of the federal po

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The Affordable Housing Equity Act of 2023 aims to increase the availability of affordable housing for low-income households. It requires a portion of low-income housing tax credits to be allocated to buildings that serve households with incomes below 30% of the local median or 100% of the federal poverty line. The bill also increases the rate of the low-income housing credit for these targeted projects.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Affordable Housing Equity Act of 2023 This bill requires allocations through 2033 of low-income housing credit amounts for buildings designated to serve certain low-income households (i.e., aggregate household income does not exceed the greater of 30% of area median gross income, or 100% of an amount equal to the federal poverty line). The bill also increases the rate of the low-income housing credit for projects designated to serve such low-income households.

Key Points

Main provisions of the bill

Requires a portion of low-income housing tax credits to be allocated to buildings serving households with incomes below 30% of local median or 100% of federal poverty line
Increases the rate of the low-income housing credit for projects designated to serve such low-income households
Aims to make more affordable housing options available for the lowest-income Americans

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would directly benefit low-income households by increasing the supply of affordable housing options available to them. It would provide financial incentives to developers to create more housing units targeted at the lowest-income individuals and families, potentially improving access to stable, affordable homes for those who struggle the most to find suitable housing.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

418, 119th Congress (2025). "Ensuring Accountability in Agency Rulemaking Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-418