This bill would help disabled veterans afford housing by excluding their disability compensation and pension payments from income calculations used to determine eligibility for affordable housing programs. Specifically, the legislation amends the tax code to disregard Veterans Affairs disability payments when determining whether a household qualifies for the low-income housing tax credit or bond-financed rental housing programs. This means disabled veterans would have more access to affordable housing assistance because their VA benefits wouldn't count against their income limits for these programs. The bill would take effect immediately upon passage, applying to all future housing eligibility determinations. By protecting veterans' disability benefits from income calculations, the legislation aims to make it easier for disabled veterans to qualify for and access affordable rental housing.
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