To require the Secretary of Housing and Urban Development to collect and make publicly available data on properties receiving an allocation of credit under the low-income housing tax credit, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The Housing Market Transparency Act requires the Department of Housing and Urban Development (HUD) to collect and publicly report comprehensive data about properties that receive Low-Income Housing Tax Credits (LIHTC). This tax credit program is one of the federal government's main tools for encouraging affordable housing development, but currently there's limited public information about how these projects perform once built.
Who Benefits and How
Housing researchers, policy analysts, and affordable housing advocates gain access to valuable data they've long sought. The bill requires HUD to publish information on development costs, ownership structures, building conditions, and what happens when properties leave the program - data currently scattered across 50 different state agencies. Nonprofit organizations focused on housing policy benefit from increased transparency that helps them evaluate program effectiveness and advocate for improvements.
Who Bears the Burden and How
State housing finance agencies face the primary burden - they must establish new systems to collect detailed information from LIHTC property owners and submit annual reports to HUD within 18 months of each project's completion. HUD itself takes on new responsibilities to collect, standardize, and publish this data annually, requiring additional staff time and resources. LIHTC property owners and developers face indirect burdens through increased reporting requirements to state agencies, though the bill aims to minimize duplication with other federal housing programs.
Key Provisions
- State agencies must report data on all LIHTC properties to HUD, including development costs, general contractor costs, ownership information, and whether owners use pass-through entities for tax purposes
- HUD must track habitability standards and inspection results to monitor building conditions over time
- When LIHTC properties are sold or leave the program, HUD must collect data on disposition reasons (sale, foreclosure, destruction) and identify whether nonprofit organizations are purchasing these properties
- HUD must publish all collected data annually (except development cost breakdowns) and issue periodic public reports assessing the LIHTC program and broader multifamily housing market
- HUD must provide technical assistance to states for establishing data collection systems and coordinate with other federal housing agencies to reduce duplicative reporting
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Requires HUD to collect and publicly report comprehensive data on properties receiving Low-Income Housing Tax Credit allocations
Who Benefits
- Housing policy researchers and advocates
- Journalists and public interest groups monitoring affordable housing
- State and local governments seeking LIHTC program data
Who Bears Costs
- State housing finance agencies (new reporting requirements)
- HUD (new data collection and compilation responsibilities)
- LIHTC property owners (indirect - must provide data to states)
Key Policy Areas
Housing, Affordable Housing, Government Transparency, Tax Credits
Primary Purpose
Requires HUD to collect and publicly report comprehensive data on properties receiving Low-Income Housing Tax Credit allocations
Policy Domains
Legislative Strategy
"Increase transparency and oversight of Low-Income Housing Tax Credit program by mandating comprehensive data collection and public disclosure"
Identified Gains
- Housing policy researchers and advocates
- Journalists and public interest groups monitoring affordable housing
- State and local governments seeking LIHTC program data
- Affordable housing advocates tracking program outcomes
Identified Costs
- State housing finance agencies (new reporting requirements)
- HUD (new data collection and compilation responsibilities)
- LIHTC property owners (indirect - must provide data to states)
Sponsors
Legislative Progress
IntroducedMr. Horsford (for himself and Mr. Cleaver) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
State housing finance agencies administering LIHTC credits
Housing policy researchers and advocacy organizations
Low-Income Housing Tax Credit property owners and developers
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "state_agency"
- → State agency administering credits under IRC Section 42
- "the_secretary"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
A building receiving an allocation of credit under section 42 of the Internal Revenue Code of 1986 (Low-Income Housing Tax Credit)
The Secretary of Housing and Urban Development
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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