To amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing 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
This bill, To amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies. The main policy domain is Housing, Finance, Transportation.
Who Benefits and How
homeowners, renters, builders, and housing agencies may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, homeowners, renters, builders, and housing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HB61AC5ED25FB49E1B8B17E3948D73E98: 1. Short title This Act may be cited as the Save Affordable Housing Act of 2023.
- Section H5C3F7F93425045318BB2E77BA3B24024: 2. Repeal of qualified contract option Subclause (II) of section 42(h)(6)(E)(i) of the Internal Revenue Code of 1986 is amended by inserting in the case of a...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies.
Key Policy Areas
Housing, Finance, Transportation
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to repeal the qualified contract exception to the extended low-income housing commitment rules for purposes of the low-income housing credit, and for other purposes., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies.
Policy Domains
Whole bill
Identified Gains
- homeowners, renters, builders, and housing agencies
Identified Costs
- federal implementing agencies
- homeowners, renters, builders, and housing agencies
Sponsors
Legislative Progress
IntroducedMr. Neguse introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
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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