Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Oversight and Accountability, Energy and Commerce, and Veterans' Affairs, 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.
# Summary of H.R. 10009: Revitalizing America's Housing Act
This comprehensive housing bill aims to increase housing supply, affordability, and access while improving conditions for vulnerable populations and modernizing housing programs. The legislation addresses multiple aspects of the housing market through tax incentives, regulatory reforms, and federal agency improvements.
The bill expands tax credits and incentives for affordable housing development, including increases to the low-income housing tax credit (raising state allocations starting at $3.90 per capita in 2023), a new neighborhood homes credit for owner-occupied homes in underserved areas (providing up to 35 percent of development costs), and extensions to opportunity zone investments through 2028. It also doubles capital gains exclusions for home sales (from $250,000 to $500,000 for individuals, with inflation adjustments after 2023) and allows middle-income workers to benefit from workforce housing programs.
To boost housing supply, the bill removes regulatory barriers by requiring communities receiving federal housing grants to report on adoption of zoning reforms like allowing duplexes, reducing parking requirements, and streamlining permitting. It authorizes the Moving to Work Program permanently with expanded participation to at least 25 public housing agencies annually, and creates programs to convert unused federal and military land into affordable housing. The bill also includes provisions for manufactured housing, volunteer first responder housing, and veteran homeownership programs.
The legislation addresses housing quality and accessibility by requiring studies on mold health impacts, lead hazards in federally-assisted housing, and proximity of housing to Superfund sites. It mandates annual public housing inspections and establishes incentives for reducing homelessness through bonus funding for demonstrated outcomes.
The bill includes governance improvements requiring annual congressional testimony from HUD officials and mortgage program leaders, investigations into New York City Housing Authority compliance, and stronger oversight of opportunity zone investments through enhanced reporting requirements. It also combats illegal squatting by withholding federal housing grants from jurisdictions permitting squatting and prohibiting federal mortgage support in such areas.
No specific funding amount is provided as an overall bill total, though the State and Community Dynamism Fund receives $1 billion in authorized appropriations to support opportunity zones and community economic development.
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