Fair Housing for Disabeled Veterans Act
Summary
What This Bill Does
The Fair Housing for Disabled Veterans Act changes how two federal tax-subsidized housing programs count income. For low-income housing tax credit units under section 42 of the Internal Revenue Code and residential rental projects financed with tax-exempt private activity bonds under section 142(d), the bill requires income determinations to disregard veterans' disability compensation and pension payments under chapters 11 and 15 of title 38. The rule applies to determinations made after enactment. The practical effect is that disabled veterans and veteran pension recipients are less likely to be pushed over income limits for affordable rental housing solely because they receive VA disability or pension payments.
Who Benefits and How
Disabled veterans applying for affordable housing benefit because VA disability compensation would not count against LIHTC or bond-project income limits. Veteran pension recipients benefit because chapter 15 pension payments would be disregarded in covered income determinations. Veteran service organizations benefit from a clearer housing eligibility rule to explain to members seeking affordable rentals. Affordable housing developers benefit from a specific federal rule for treating covered VA payments in tax-credit and bond projects.
Who Bears the Burden and How
LIHTC property managers must change tenant-income screening so covered VA disability and pension payments are excluded. State housing finance agencies must apply the disregard when monitoring tax-credit and bond-financed rental projects. IRS housing credit staff must administer the revised section 42 and section 142 income rules. Affordable housing compliance vendors must update software and guidance for post-enactment determinations.
Key Provisions
- Requires LIHTC income determinations to disregard VA disability compensation and pension payments.
- Requires tax-exempt bond residential rental projects to apply the same VA payment disregard.
- Applies the exclusion to title 38 chapter 11 disability compensation and chapter 15 pension payments.
- Provides the rule for income determinations made after enactment.
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
Disregards veterans' disability compensation and pension payments under title 38 chapters 11 and 15 when determining income eligibility for low-income housing tax credit projects and residential rental projects financed by tax-exempt private activity bonds.
Key Policy Areas
Housing, Veterans, Tax
Primary Purpose
Disregards veterans' disability compensation and pension payments under title 38 chapters 11 and 15 when determining income eligibility for low-income housing tax credit projects and residential rental projects financed by tax-exempt private activity bonds.
Policy Domains
Resolution provisions
Identified Gains
- Disabled veterans applying for affordable housing
- Veteran pension recipients
- Veteran service organizations
- Affordable housing developers
Identified Costs
- LIHTC property managers
- State housing finance agencies
- IRS housing credit staff
- Affordable housing compliance vendors
Sponsors
Legislative Progress
In CommitteeMs. Sánchez (for herself, Mr. Kelly of Pennsylvania, Mr. Gomez, …
Referred to the House Committee on Ways and Means.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Affordable housing developers, Disabled veterans applying for affordable housing, LIHTC property managers
Positive-direction: Affordable housing developers, Disabled veterans applying for affordable housing
Negative-direction: LIHTC property managers
Bill Structure & Actor Mappings
Who is "The Secretary" in each 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.
Learn more about our methodology