To amend the Internal Revenue Code of 1986 to provide an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds for qualified residential rental projects, and for other purposes.
About This Bill
Committee
Latest Action · July 23, 2026
Referred to the House Committee on Ways and Means.
The FIXER Act amends federal tax law to help finance the rehabilitation of aging affordable housing. The bill allows state and local authorities to issue tax-exempt bonds without counting them against their annual volume caps if the bonds are used to preserve, improve, or replace low-income residential buildings that are no longer receiving federal subsidies or have completed their original affordability periods. This exception particularly targets federally-assisted and state-assisted housing that needs renovation. The bill also modifies rules that typically restrict the use of tax-exempt bond proceeds for improvements to existing properties, raising the threshold from 15 percent to 50 percent for projects using these exempt bonds. The changes take effect immediately for bonds issued after the law is enacted, giving states and localities new flexibility to fund critical repairs and improvements to aging affordable housing stock without competing for limited bond financing capacity.
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